CMS Energy Co. (NYSE:CMS) Shares Purchased by Capital International Investors

Capital International Investors raised its stake in CMS Energy Co. (NYSE:CMS) by 0.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 697,348 shares of the utilities provider’s stock after buying an additional 287 shares during the quarter. Capital International Investors owned about 0.23% of CMS Energy worth $46,478,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. BankPlus Trust Department purchased a new position in shares of CMS Energy during the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. raised its position in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 235 shares during the period. Larson Financial Group LLC lifted its stake in CMS Energy by 2,900.0% during the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 696 shares in the last quarter. Mizuho Bank Ltd. purchased a new position in shares of CMS Energy during the fourth quarter worth $61,000. Finally, Robbins Farley acquired a new stake in shares of CMS Energy in the fourth quarter valued at $62,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Activity at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction 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 approximately $1,509,815.68. This trade represents a 23.64 % decrease in their position. The transaction 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 the business’s stock in a transaction that occurred on 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 approximately $2,709,093.60. The trade was a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,200 shares of company stock worth $789,532 in the last 90 days. 0.49% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on CMS shares. 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. Bank of America lifted their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a report on Monday, March 24th. StockNews.com downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Friday. Guggenheim reissued a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Finally, BMO Capital Markets cut their price objective on CMS Energy from $80.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $75.09.

CMS Energy Trading Up 0.9 %

CMS opened at $72.81 on Monday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. CMS Energy Co. has a one year low of $58.50 and a one year high of $76.45. The company has a market cap of $21.76 billion, a P/E ratio of 21.93, a PEG ratio of 2.56 and a beta of 0.34. The business’s 50-day simple moving average is $72.34 and its 200-day simple moving average is $69.56.

CMS Energy (NYSE:CMS) last posted its 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 return on equity of 12.02% and a net margin of 13.35%. As a group, equities research analysts expect that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be issued a $0.5425 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.98%. 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.