NEOS Investment Management LLC Boosts Stock Position in CMS Energy Co. (NYSE:CMS)

NEOS Investment Management LLC increased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 30.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,043 shares of the utilities provider’s stock after buying an additional 3,730 shares during the period. NEOS Investment Management LLC’s holdings in CMS Energy were worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in CMS. Fisher Funds Management LTD purchased a new position in CMS Energy during the fourth quarter valued at $53,904,000. Prudential Financial Inc. raised its position in shares of CMS Energy by 207.9% during the 4th quarter. Prudential Financial Inc. now owns 1,115,524 shares of the utilities provider’s stock worth $74,350,000 after purchasing an additional 753,182 shares during the last quarter. National Bank of Canada FI increased its stake in CMS Energy by 404.8% during the 3rd quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock worth $63,053,000 after buying an additional 715,891 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of CMS Energy by 760.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider’s stock valued at $46,664,000 after buying an additional 618,767 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of CMS Energy by 552.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock valued at $39,978,000 after buying an additional 479,336 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $74.18 on Friday. 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 one year low of $56.61 and a one year high of $75.06. The company has a market cap of $22.16 billion, a PE ratio of 22.34, a P/E/G ratio of 2.56 and a beta of 0.35. The business has a 50-day simple moving average of $70.47 and a 200-day simple moving average of $69.27.

CMS Energy (NYSE:CMS) last released its quarterly earnings data 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 return on equity of 12.02% and a net margin of 13.35%. On average, equities research analysts forecast that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were issued a $0.5425 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 14th. This represents a $2.17 annualized dividend and a dividend yield of 2.93%. CMS Energy’s dividend payout ratio is presently 65.36%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CMS. Bank of America increased their target price on shares of CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Scotiabank boosted their target price 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. Guggenheim restated a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Finally, StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.36.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the transaction, the senior vice president now owns 71,931 shares in the company, valued at $5,306,349.87. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Laura Wright sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the sale, the director now owns 38,790 shares of the company’s stock, valued at approximately $2,709,093.60. This represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,200 shares of company stock valued at $789,532 in the last ninety days. Insiders own 0.40% of the company’s stock.

CMS Energy 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.