2,577,617 Shares in CMS Energy Co. (NYSE:CMS) Purchased by Norges Bank

Norges Bank acquired a new stake in CMS Energy Co. (NYSE:CMS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,577,617 shares of the utilities provider’s stock, valued at approximately $171,798,000. Norges Bank owned approximately 0.86% of CMS Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NEOS Investment Management LLC boosted its stake in shares of CMS Energy by 30.3% in the fourth quarter. NEOS Investment Management LLC now owns 16,043 shares of the utilities provider’s stock valued at $1,069,000 after buying an additional 3,730 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in shares of CMS Energy by 0.9% during the 4th quarter. UniSuper Management Pty Ltd now owns 802,890 shares of the utilities provider’s stock worth $53,513,000 after purchasing an additional 7,544 shares in the last quarter. Moment Partners LLC acquired a new position in shares of CMS Energy during the 4th quarter worth $324,000. Elo Mutual Pension Insurance Co increased its holdings in shares of CMS Energy by 19.9% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 31,793 shares of the utilities provider’s stock valued at $2,119,000 after purchasing an additional 5,266 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of CMS Energy by 10.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478,444 shares of the utilities provider’s stock valued at $31,869,000 after purchasing an additional 46,269 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Performance

NYSE:CMS opened at $74.18 on Monday. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $75.06. The firm has a 50 day simple moving average of $70.47 and a 200-day simple moving average of $69.27. The firm has a market cap of $22.16 billion, a PE ratio of 22.34, a P/E/G ratio of 2.56 and a beta of 0.35. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts expect that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were paid a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.93%. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio is currently 65.36%.

Analysts Set New Price Targets

CMS has been the subject of a number of research analyst reports. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $68.00 to $75.00 in a report on Thursday, February 20th. Guggenheim reaffirmed a “neutral” rating and issued a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. Bank of America upped their target price on CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a report on Monday, March 24th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. Finally, UBS Group boosted their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $75.36.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laura Wright sold 2,500 shares of CMS Energy stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the transaction, the director now directly owns 38,790 shares in the company, valued at $2,709,093.60. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,200 shares of company stock valued at $789,532. Insiders own 0.40% of the company’s stock.

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.