V Square Quantitative Management LLC Has $468,000 Holdings in CMS Energy Co. (NYSE:CMS)

V Square Quantitative Management LLC lessened its position in shares of CMS Energy Co. (NYSE:CMS) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,023 shares of the utilities provider’s stock after selling 235 shares during the quarter. V Square Quantitative Management LLC’s holdings in CMS Energy were worth $468,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Richardson Financial Services Inc. increased its position in CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 235 shares during the period. First Horizon Advisors Inc. increased its position in CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 275 shares during the period. Brooklyn Investment Group acquired a new stake in CMS Energy during the 3rd quarter valued at approximately $40,000. Covestor Ltd increased its position in CMS Energy by 206.1% during the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 472 shares during the period. Finally, Values First Advisors Inc. acquired a new stake in shares of CMS Energy during the 3rd quarter worth approximately $56,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CMS. BMO Capital Markets reduced their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Scotiabank raised their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley reduced their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Guggenheim reaffirmed a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a research report on Friday, February 7th. Finally, StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and a consensus price target of $71.15.

Insider Buying and Selling at CMS Energy

In other news, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the sale, the director now directly owns 144,059 shares in the company, valued at $9,486,285.15. The trade was a 16.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the sale, the chief accounting officer now owns 24,417 shares in the company, valued at $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,386 shares of company stock worth $2,695,476. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $68.88 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.94. The stock’s fifty day simple moving average is $66.94 and its two-hundred day simple moving average is $68.08. CMS Energy Co. has a 1-year low of $56.31 and a 1-year high of $72.40. The stock has a market cap of $20.58 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 2.48 and a beta of 0.42.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share 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%. As a group, analysts forecast that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be paid a dividend of $0.5425 per share. The ex-dividend date is Friday, February 14th. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 3.15%. CMS Energy’s dividend payout ratio (DPR) is 62.05%.

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.