Tredje AP fonden Has $1.52 Million Stake in CMS Energy Co. (NYSE:CMS)

Tredje AP fonden lessened its holdings in CMS Energy Co. (NYSE:CMS) by 50.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,736 shares of the utilities provider’s stock after selling 22,735 shares during the period. Tredje AP fonden’s holdings in CMS Energy were worth $1,515,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its stake in shares of CMS Energy by 10.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after buying an additional 719,093 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of CMS Energy by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock worth $528,713,000 after buying an additional 105,062 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of CMS Energy by 0.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider’s stock worth $152,267,000 after buying an additional 18,403 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of CMS Energy by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,879,271 shares of the utilities provider’s stock worth $125,253,000 after buying an additional 56,882 shares during the last quarter. Finally, Truist Financial Corp boosted its stake in shares of CMS Energy by 10.0% in the 4th quarter. Truist Financial Corp now owns 1,621,562 shares of the utilities provider’s stock worth $108,077,000 after buying an additional 147,540 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Trading Up 1.3 %

CMS Energy stock opened at $72.83 on Friday. The stock has a market cap of $21.76 billion, a P/E ratio of 21.94, a PEG ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a fifty-two week low of $56.61 and a fifty-two week high of $75.06. The firm’s fifty day moving average price is $69.04 and its 200-day moving average price is $68.91. 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 (NYSE:CMS) last announced its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Equities research analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were given a $0.5425 dividend. The ex-dividend date was Friday, February 14th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 2.98%. CMS Energy’s payout ratio is 65.36%.

Insider Buying and Selling

In other CMS Energy news, Director John G. Russell sold 28,750 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were 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 in the company, valued at $9,486,285.15. This represents a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the sale, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,950 shares of company stock worth $2,682,720. Corporate insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on CMS shares. Guggenheim reaffirmed a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Scotiabank lifted their price target on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley lowered their price target 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. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Finally, StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $73.00.

CMS Energy Company Profile

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.