UniSuper Management Pty Ltd Has $53.51 Million Stock Holdings in CMS Energy Co. (NYSE:CMS)

UniSuper Management Pty Ltd grew its stake in shares of CMS Energy Co. (NYSE:CMS) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 802,890 shares of the utilities provider’s stock after purchasing an additional 7,544 shares during the period. UniSuper Management Pty Ltd owned approximately 0.27% of CMS Energy worth $53,513,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smith Group Asset Management LLC acquired a new position in CMS Energy during the 4th quarter worth approximately $333,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of CMS Energy by 39.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider’s stock valued at $1,342,000 after acquiring an additional 5,662 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of CMS Energy by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider’s stock worth $5,103,000 after purchasing an additional 392 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of CMS Energy by 49.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider’s stock worth $1,787,000 after purchasing an additional 8,927 shares in the last quarter. Finally, Hennessy Advisors Inc. grew its position in CMS Energy by 2.7% in the 4th quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider’s stock valued at $11,377,000 after purchasing an additional 4,500 shares during the period. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

CMS has been the topic of a number of recent research reports. Bank of America raised their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets raised their price target on shares of CMS Energy from $73.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. UBS Group raised their target price on CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Finally, Guggenheim reaffirmed a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $75.36.

Insider Activity at CMS Energy

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the business’s 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 sale, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at $1,509,815.68. The trade was a 23.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’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 directly owns 71,931 shares of the company’s stock, 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. Over the last quarter, insiders have sold 11,200 shares of company stock worth $789,532. Insiders own 0.40% of the company’s stock.

CMS Energy Stock Up 1.7 %

CMS stock opened at $73.24 on Thursday. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $75.06. The stock has a market cap of $21.88 billion, a P/E ratio of 22.06, a P/E/G ratio of 2.56 and a beta of 0.35. The stock’s fifty day simple moving average is $70.24 and its two-hundred day simple moving average is $69.21. 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 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 expect that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were issued a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s payout ratio is 65.36%.

CMS Energy 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.