119,400 Shares in CMS Energy Co. (NYSE:CMS) Purchased by Andra AP fonden

Andra AP fonden acquired a new stake in shares of CMS Energy Co. (NYSE:CMS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 119,400 shares of the utilities provider’s stock, valued at approximately $7,958,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BankPlus Trust Department bought a new stake in shares of CMS Energy in the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. raised its holdings in CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 235 shares during the period. First Horizon Advisors Inc. lifted its position in shares of CMS Energy by 171.9% during the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 275 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of CMS Energy in the third quarter worth $40,000. Finally, Covestor Ltd grew its position in shares of CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 472 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Up 2.1 %

Shares of NYSE:CMS opened at $73.12 on Friday. The firm has a market capitalization of $21.85 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $75.06. The firm has a fifty day moving average of $68.46 and a 200 day moving average of $68.74.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. As a group, research analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were paid a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 2.97%. CMS Energy’s dividend payout ratio (DPR) is 65.36%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CMS shares. Guggenheim reissued a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Scotiabank upped their price target on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. Morgan Stanley decreased their target price on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and an average price target of $72.42.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Friday, December 13th. The shares were sold at an average price of $67.22, for a total value of $134,440.00. Following the transaction, the senior vice president now owns 63,197 shares in the company, valued at $4,248,102.34. This trade represents a 3.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John G. Russell sold 28,750 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the sale, the director now directly owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,950 shares of company stock worth $2,817,160. 0.40% of the stock is currently owned by insiders.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.