Mizuho Bank Ltd. Purchases Shares of 910 CMS Energy Co. (NYSE:CMS)

Mizuho Bank Ltd. acquired a new position in CMS Energy Co. (NYSE:CMS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 910 shares of the utilities provider’s stock, valued at approximately $61,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Walleye Capital LLC bought a new stake in CMS Energy in the third quarter worth approximately $561,000. Janus Henderson Group PLC increased its stake in shares of CMS Energy by 1,122.4% in the 3rd quarter. Janus Henderson Group PLC now owns 479,203 shares of the utilities provider’s stock valued at $33,845,000 after acquiring an additional 440,000 shares in the last quarter. Investment Management Corp of Ontario lifted its position in shares of CMS Energy by 47.1% during the 3rd quarter. Investment Management Corp of Ontario now owns 9,992 shares of the utilities provider’s stock valued at $706,000 after acquiring an additional 3,200 shares during the period. Quantinno Capital Management LP boosted its stake in CMS Energy by 38.3% during the third quarter. Quantinno Capital Management LP now owns 23,466 shares of the utilities provider’s stock worth $1,657,000 after acquiring an additional 6,501 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its holdings in CMS Energy by 26.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 14,011 shares of the utilities provider’s stock worth $990,000 after purchasing an additional 2,913 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMS has been the topic of several research reports. 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 report on Friday, March 21st. Guggenheim reiterated a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Bank of America boosted their price objective on CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a report on Monday, March 24th. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Finally, BMO Capital Markets boosted their price target on shares of CMS Energy from $73.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $75.36.

Insider Buying and Selling

In other CMS Energy news, Director Laura Wright sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total value of $174,600.00. Following the sale, the director now directly owns 38,790 shares in the company, valued at $2,709,093.60. The trade was a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at $1,509,815.68. This represents a 23.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,200 shares of company stock valued at $789,532. 0.40% of the stock is owned by insiders.

CMS Energy Trading Down 3.6 %

Shares of CMS stock opened at $72.81 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. The company has a market capitalization of $21.76 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $76.45. The company has a 50-day simple moving average of $71.24 and a two-hundred day simple moving average of $69.44.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.98%. 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. CMS Energy’s payout ratio is presently 65.36%.

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.