3,566 Shares in CMS Energy Co. (NYSE:CMS) Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI purchased a new position in shares of CMS Energy Co. (NYSE:CMS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,566 shares of the utilities provider’s stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMS. Farther Finance Advisors LLC boosted its stake in CMS Energy by 32.3% in the third quarter. Farther Finance Advisors LLC now owns 1,424 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 348 shares during the last quarter. Van ECK Associates Corp boosted its stake in CMS Energy by 3.4% in the third quarter. Van ECK Associates Corp now owns 82,429 shares of the utilities provider’s stock valued at $5,943,000 after acquiring an additional 2,675 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in CMS Energy by 2.6% in the third quarter. Asset Management One Co. Ltd. now owns 174,849 shares of the utilities provider’s stock valued at $12,350,000 after acquiring an additional 4,432 shares during the last quarter. Crestwood Advisors Group LLC boosted its stake in CMS Energy by 6.4% in the third quarter. Crestwood Advisors Group LLC now owns 4,347 shares of the utilities provider’s stock valued at $307,000 after acquiring an additional 260 shares during the last quarter. Finally, Centennial Wealth Advisory LLC boosted its stake in CMS Energy by 4.3% in the third quarter. Centennial Wealth Advisory LLC now owns 7,483 shares of the utilities provider’s stock valued at $529,000 after acquiring an additional 310 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Guggenheim reiterated a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. 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 research report on Friday, November 22nd. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Scotiabank boosted their price target on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and an average target price of $72.42.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $72.46 on Thursday. The company’s fifty day moving average price is $68.25 and its 200-day moving average price is $68.66. The firm has a market capitalization of $21.65 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a one year low of $56.61 and a one year high of $75.06. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57.

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

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were paid a $0.5425 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.99%. CMS Energy’s dividend payout ratio is 65.36%.

Insider Activity

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $67.22, for a total transaction of $134,440.00. Following the completion of the sale, the senior vice president now owns 63,197 shares of the company’s stock, valued at $4,248,102.34. This represents a 3.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction on 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 directly owns 21,643 shares of the company’s stock, valued at $1,509,815.68. The trade was a 23.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,950 shares of company stock valued at $2,817,160. Corporate insiders own 0.40% of the company’s stock.

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.