Natixis Advisors LLC boosted its holdings in CMS Energy Corporation (NYSE:CMS – Free Report) by 13.3% during the fourth quarter, HoldingsChannel reports. The fund owned 185,875 shares of the utilities provider’s stock after buying an additional 21,852 shares during the period. Natixis Advisors LLC’s holdings in CMS Energy were worth $12,998,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its holdings in CMS Energy by 84.4% in the fourth quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 157 shares during the last quarter. Elyxium Wealth LLC acquired a new position in CMS Energy in the fourth quarter valued at approximately $29,000. Quest 10 Wealth Builders Inc. lifted its holdings in CMS Energy by 653.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 467 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 405 shares during the last quarter. Dorato Capital Management acquired a new position in CMS Energy in the fourth quarter valued at approximately $37,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in CMS Energy by 29.7% in the fourth quarter. Physician Wealth Advisors Inc. now owns 703 shares of the utilities provider’s stock valued at $49,000 after acquiring an additional 161 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.
CMS Energy Stock Up 2.3%
CMS Energy stock opened at $71.98 on Friday. CMS Energy Corporation has a twelve month low of $68.41 and a twelve month high of $80.36. The stock’s fifty day simple moving average is $75.25 and its 200-day simple moving average is $73.90. The company has a current ratio of 0.84, a quick ratio of 0.66 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $22.23 billion, a P/E ratio of 19.88, a P/E/G ratio of 2.61 and a beta of 0.35.
CMS Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.2%. CMS Energy’s dividend payout ratio is currently 62.98%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on CMS. KeyCorp upped their price objective on CMS Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Jefferies Financial Group cut CMS Energy from a “buy” rating to a “hold” rating and decreased their price objective for the company from $88.00 to $74.00 in a report on Thursday. Barclays cut their target price on CMS Energy from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Wells Fargo & Company set a $80.00 target price on CMS Energy in a research report on Tuesday, April 21st. Finally, Williams Trading set a $80.00 target price on CMS Energy in a research report on Monday, February 9th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.17.
Read Our Latest Analysis on CMS
Insider Activity at CMS Energy
In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total transaction of $222,930.00. Following the completion of the transaction, the senior vice president owned 67,111 shares in the company, valued at approximately $4,987,018.41. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.
CMS Energy Company Profile
CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.
Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.
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