CMS Energy Co. (NYSE:CMS) Shares Bought by Capital International Investors

Capital International Investors lifted its stake in shares of CMS Energy Co. (NYSE:CMS) by 0.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 697,348 shares of the utilities provider’s stock after purchasing an additional 287 shares during the period. Capital International Investors’ holdings in CMS Energy were worth $46,478,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Smith Group Asset Management LLC acquired a new stake in CMS Energy in the fourth quarter valued at $333,000. Hennion & Walsh Asset Management Inc. increased its holdings in CMS Energy by 39.1% during the 4th 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 raised its position in CMS Energy by 0.5% during 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. lifted its holdings in shares of CMS Energy by 49.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider’s stock valued at $1,787,000 after purchasing an additional 8,927 shares in the last quarter. Finally, Hennessy Advisors Inc. lifted its holdings in shares of CMS Energy by 2.7% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Activity at CMS Energy

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the sale, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at $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 available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the sale, the senior vice president now owns 71,931 shares in the company, valued at approximately $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. Over the last quarter, insiders have sold 11,200 shares of company stock worth $789,532. Company insiders own 0.49% of the company’s stock.

CMS Energy Stock Up 0.9 %

Shares of CMS opened at $72.81 on Monday. CMS Energy Co. has a fifty-two week low of $58.50 and a fifty-two week high of $76.45. The company’s fifty day moving average is $72.34 and its two-hundred day moving average is $69.56. The firm has a market cap of $21.76 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34. 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 (NYSE:CMS) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating 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%. Analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be given a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy’s dividend payout ratio (DPR) is presently 65.36%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CMS shares. UBS Group upped their target price on CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. StockNews.com downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Friday. Guggenheim restated a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Finally, Bank of America boosted 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, March 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, CMS Energy has a consensus rating of “Hold” and a consensus target price of $75.09.

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.