Commerzbank Aktiengesellschaft FI Buys Shares of 3,566 CMS Energy Co. (NYSE:CMS)

Commerzbank Aktiengesellschaft FI purchased a new position in shares of CMS Energy Co. (NYSE:CMS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,566 shares of the utilities provider’s stock, valued at approximately $238,000.

A number of other hedge funds also recently modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its holdings in shares of CMS Energy by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after purchasing an additional 719,093 shares during the period. Geode Capital Management LLC lifted its holdings in shares of CMS Energy by 1.4% during the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock worth $528,713,000 after purchasing an additional 105,062 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of CMS Energy by 0.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider’s stock worth $152,267,000 after purchasing an additional 18,403 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of CMS Energy by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,879,271 shares of the utilities provider’s stock worth $125,253,000 after purchasing an additional 56,882 shares during the period. Finally, Truist Financial Corp lifted its holdings in shares of CMS Energy by 10.0% during the fourth quarter. Truist Financial Corp now owns 1,621,562 shares of the utilities provider’s stock worth $108,077,000 after purchasing an additional 147,540 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Transactions at CMS Energy

In related news, Director John G. Russell sold 28,750 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the transaction, the director now directly owns 144,059 shares in the company, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the transaction, the senior vice president now owns 71,931 shares in the company, 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. Insiders sold a total of 41,950 shares of company stock valued at $2,817,160 over the last three months. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CMS. Guggenheim reiterated a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Morgan Stanley lowered their target price on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Scotiabank lifted their target price on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Finally, StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Six 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

CMS Energy Trading Down 0.6 %

CMS opened at $72.46 on Thursday. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $75.06. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The company has a market cap of $21.65 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42. The company has a fifty day moving average price of $68.25 and a two-hundred day moving average price of $68.66.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results 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 net margin of 13.35% and a return on equity of 12.02%. Analysts predict 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 given a dividend of $0.5425 per share. The ex-dividend date was Friday, February 14th. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 2.99%. CMS Energy’s payout ratio is presently 65.36%.

CMS Energy Company 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.