Mizuho Bank Ltd. Purchases Shares of 910 CMS Energy Co. (NYSE:CMS)

Mizuho Bank Ltd. acquired a new position in shares of CMS Energy Co. (NYSE:CMS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 910 shares of the utilities provider’s stock, valued at approximately $61,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CMS. BankPlus Trust Department acquired a new position in CMS Energy in the 4th quarter valued at $29,000. Richardson Financial Services Inc. boosted its position in shares of 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 acquiring an additional 235 shares during the period. Larson Financial Group LLC increased its position 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 acquiring an additional 696 shares during the period. Robbins Farley acquired a new stake in CMS Energy in the 4th quarter worth about $62,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of CMS Energy during the 4th quarter worth approximately $73,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction 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 $5,306,349.87. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the sale, the chief accounting officer now owns 21,643 shares in the company, valued at $1,509,815.68. This trade represents a 23.64 % 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 quarter. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets lifted 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, March 24th. StockNews.com downgraded CMS Energy from a “hold” rating to a “sell” rating in a research report on Wednesday. Guggenheim reissued a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Finally, Scotiabank increased their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $75.36.

CMS Energy Price Performance

CMS stock opened at $72.81 on Friday. The stock has a market cap of $21.76 billion, a price-to-earnings ratio of 21.93, 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. The company has a 50 day simple moving average of $71.24 and a 200 day simple moving average of $69.44. CMS Energy Co. has a 1 year low of $56.61 and a 1 year high of $76.45.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results 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 net margin of 13.35% and a return on equity of 12.02%. Research analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were paid a $0.5425 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.17 annualized dividend and a dividend yield of 2.98%. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio is currently 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.