KLP Kapitalforvaltning AS Takes Position in CMS Energy Co. (NYSE:CMS)

KLP Kapitalforvaltning AS purchased a new position in CMS Energy Co. (NYSE:CMS) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 132,600 shares of the utilities provider’s stock, valued at approximately $8,838,000.

A number of other institutional investors have also added to or reduced their stakes in CMS. Pallas Capital Advisors LLC grew its position in shares of CMS Energy by 4.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock worth $297,000 after buying an additional 173 shares during the period. Horizon Kinetics Asset Management LLC grew its holdings in CMS Energy by 1.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock worth $1,107,000 after purchasing an additional 200 shares during the period. Private Trust Co. NA increased its stake in shares of CMS Energy by 25.6% during the third quarter. Private Trust Co. NA now owns 982 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 200 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of CMS Energy by 5.8% during the fourth quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider’s stock valued at $266,000 after purchasing an additional 220 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of CMS Energy by 4.9% in the 4th quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider’s stock worth $317,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Down 0.5 %

Shares of CMS Energy stock opened at $73.17 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a twelve month low of $56.61 and a twelve month high of $75.06. The company has a market cap of $21.86 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. The company’s 50 day moving average is $69.98 and its 200 day moving average is $69.15.

CMS Energy (NYSE:CMS) last released its quarterly earnings results 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%. Research analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CMS shares. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. UBS Group lifted their price target on CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday. Bank of America increased their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a research report on Monday. 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 note on Thursday, February 20th. Finally, 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. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.36.

Insider Transactions at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the 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 completion of the transaction, the senior vice president now owns 71,931 shares in the company, valued at $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,200 shares of company stock worth $789,532 in the last quarter. Company 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.