Massachusetts Financial Services Co. MA Increases Stake in CMS Energy Co. (NYSE:CMS)

Massachusetts Financial Services Co. MA increased its holdings in CMS Energy Co. (NYSE:CMS) by 28.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,741,389 shares of the utilities provider’s stock after acquiring an additional 2,131,269 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 3.26% of CMS Energy worth $649,264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of CMS Energy in the 4th quarter worth approximately $171,798,000. Fisher Funds Management LTD bought a new position in CMS Energy in the fourth quarter worth approximately $53,904,000. Prudential Financial Inc. lifted its holdings in CMS Energy by 207.9% during the fourth quarter. Prudential Financial Inc. now owns 1,115,524 shares of the utilities provider’s stock worth $74,350,000 after buying an additional 753,182 shares during the period. National Bank of Canada FI boosted its position in CMS Energy by 404.8% during the 3rd quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock valued at $63,053,000 after acquiring an additional 715,891 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of CMS Energy by 760.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider’s stock valued at $46,664,000 after acquiring an additional 618,767 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Insider Transactions at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following 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. Insiders have sold 11,200 shares of company stock worth $789,532 over the last quarter. 0.40% of the stock is currently owned by insiders.

CMS Energy Stock Down 0.6 %

Shares of CMS stock opened at $74.71 on Thursday. 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 fifty-two week low of $56.61 and a fifty-two week high of $75.52. The firm has a market capitalization of $22.32 billion, a PE ratio of 22.50, a P/E/G ratio of 2.56 and a beta of 0.35. The stock’s 50-day simple moving average is $70.91 and its 200-day simple moving average is $69.38.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Equities analysts expect that CMS Energy Co. will post 3.59 earnings per share 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 issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 2.90%. 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%.

Analyst Ratings Changes

CMS has been the subject of a number of analyst reports. UBS Group upped their price objective on CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. 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 report on Monday, March 24th. 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 research report on Monday, March 24th. Scotiabank increased their target price on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $75.36.

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.