National Pension Service Trims Stake in CMS Energy Co. (NYSE:CMS)

National Pension Service lowered its position in CMS Energy Co. (NYSE:CMS) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 390,766 shares of the utilities provider’s stock after selling 46,409 shares during the quarter. National Pension Service owned about 0.13% of CMS Energy worth $26,045,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fisher Funds Management LTD purchased a new position in CMS Energy in the 4th quarter worth about $53,904,000. Massachusetts Financial Services Co. MA increased its stake in CMS Energy by 10.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after buying an additional 719,093 shares during the period. National Bank of Canada FI increased its stake in CMS Energy by 404.8% in the 3rd quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock worth $63,053,000 after buying an additional 715,891 shares during the period. Assenagon Asset Management S.A. increased its stake in CMS Energy by 760.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider’s stock worth $46,664,000 after buying an additional 618,767 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in CMS Energy by 552.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock worth $39,978,000 after buying an additional 479,336 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Activity at CMS Energy

In related news, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 21,643 shares of the company’s stock, valued at $1,509,815.68. This trade represents a 23.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $67.22, for a total transaction of $134,440.00. Following the completion of the transaction, the senior vice president now directly owns 63,197 shares of the company’s stock, valued at $4,248,102.34. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,950 shares of company stock valued at $2,669,620 in the last three months. 0.40% of the stock is owned by insiders.

CMS Energy Stock Up 1.0 %

NYSE:CMS opened at $73.04 on Friday. CMS Energy Co. has a fifty-two week low of $56.61 and a fifty-two week high of $73.37. The stock has a market capitalization of $21.82 billion, a P/E ratio of 22.00, a P/E/G ratio of 2.56 and a beta of 0.42. 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’s 50-day simple moving average is $67.86 and its 200-day simple moving average is $68.52.

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

CMS Energy Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Barclays upgraded shares of 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. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Morgan Stanley dropped their target price on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Jefferies Financial Group assumed coverage on shares of CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price on the stock. Finally, Guggenheim reiterated a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and an average price target of $71.69.

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.