Massachusetts Financial Services Co. MA Increases Stock Holdings in CMS Energy Co. (NYSE:CMS)

Massachusetts Financial Services Co. MA increased its stake in CMS Energy Co. (NYSE:CMS) by 28.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,741,389 shares of the utilities provider’s stock after acquiring an additional 2,131,269 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in CMS Energy were worth $649,264,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Smith Group Asset Management LLC acquired a new position in shares of CMS Energy during the 4th quarter worth about $333,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of CMS Energy by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider’s stock valued at $1,342,000 after acquiring an additional 5,662 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of CMS Energy by 0.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider’s stock worth $5,103,000 after acquiring an additional 392 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of CMS Energy by 49.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider’s stock worth $1,787,000 after purchasing an additional 8,927 shares in the last quarter. Finally, Hennessy Advisors Inc. raised its stake in CMS Energy by 2.7% in the 4th quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider’s stock valued at $11,377,000 after purchasing an additional 4,500 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Trading Down 0.6 %

NYSE CMS opened at $74.71 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The stock has a market capitalization of $22.32 billion, a P/E ratio of 22.50, a PEG ratio of 2.56 and a beta of 0.35. The firm’s 50-day moving average is $70.91 and its two-hundred day moving average is $69.38. CMS Energy Co. has a 12 month low of $56.61 and a 12 month high of $75.52.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 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%. On average, sell-side analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 2.90%. 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. CMS Energy’s payout ratio is currently 65.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CMS shares. StockNews.com cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Wednesday. UBS Group upped their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Bank of America boosted their target price on CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, March 24th. Scotiabank increased their price target on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Finally, Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $75.36.

Insider Buying and Selling

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was 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. This represents a 23.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the transaction, the senior vice president now owns 71,931 shares of the company’s stock, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,200 shares of company stock valued at $789,532. Corporate insiders own 0.40% of the company’s stock.

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.