KLP Kapitalforvaltning AS Buys Shares of 132,600 CMS Energy Co. (NYSE:CMS)

KLP Kapitalforvaltning AS purchased a new stake in CMS Energy Co. (NYSE:CMS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 132,600 shares of the utilities provider’s stock, valued at approximately $8,838,000.

A number of other hedge funds have also added to or reduced their stakes in CMS. Empowered Funds LLC boosted its position in shares of CMS Energy by 11.5% in the third quarter. Empowered Funds LLC now owns 5,028 shares of the utilities provider’s stock valued at $355,000 after acquiring an additional 517 shares during the period. First Horizon Advisors Inc. boosted its holdings in CMS Energy by 171.9% in 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. Charles Schwab Investment Management Inc. grew its position in shares of CMS Energy by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock valued at $128,715,000 after purchasing an additional 25,196 shares in the last quarter. Raymond James Trust N.A. increased its holdings in shares of CMS Energy by 43.0% in the third quarter. Raymond James Trust N.A. now owns 6,448 shares of the utilities provider’s stock worth $455,000 after purchasing an additional 1,940 shares during the period. Finally, Cerity Partners LLC raised its position in shares of CMS Energy by 35.5% in the third quarter. Cerity Partners LLC now owns 26,566 shares of the utilities provider’s stock worth $1,876,000 after buying an additional 6,959 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the transaction, the senior vice president now owns 71,931 shares in the company, valued at $5,306,349.87. This represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s stock in a transaction on 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 directly owns 21,643 shares of the company’s stock, valued at $1,509,815.68. The trade was a 23.64 % decrease in their position. 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. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CMS shares. Scotiabank upped their target price on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets upped their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday. UBS Group lifted their target price on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Finally, Bank of America lifted their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a report on Monday. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $75.36.

CMS Energy Trading Down 0.5 %

NYSE CMS opened at $73.17 on Tuesday. The firm has a market cap of $21.86 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $75.06. The stock has a 50-day moving average of $69.98 and a 200-day moving average of $69.15. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last released its quarterly earnings data 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%. As a group, sell-side analysts forecast that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

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