Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of CMS Energy Co. (NYSE:CMS – Get Rating) by 147.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,366 shares of the utilities provider’s stock after purchasing an additional 6,169 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in CMS Energy were worth $604,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in CMS. Wells Fargo & Company MN lifted its stake in shares of CMS Energy by 157.3% in the second quarter. Wells Fargo & Company MN now owns 5,757,684 shares of the utilities provider’s stock worth $388,644,000 after buying an additional 3,519,691 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in CMS Energy in the 1st quarter valued at $188,418,000. State Street Corp increased its holdings in CMS Energy by 11.0% in the 1st quarter. State Street Corp now owns 16,331,901 shares of the utilities provider’s stock valued at $1,142,253,000 after buying an additional 1,613,255 shares during the period. Ceredex Value Advisors LLC bought a new stake in shares of CMS Energy in the 3rd quarter worth about $90,604,000. Finally, Magellan Asset Management Ltd grew its holdings in shares of CMS Energy by 38.3% in the 2nd quarter. Magellan Asset Management Ltd now owns 3,344,218 shares of the utilities provider’s stock worth $225,735,000 after purchasing an additional 926,658 shares during the last quarter. 92.16% of the stock is currently owned by institutional investors and hedge funds.
CMS Energy Trading Down 1.2 %
Shares of CMS Energy stock opened at $58.97 on Wednesday. The business has a fifty day simple moving average of $62.56 and a two-hundred day simple moving average of $62.18. CMS Energy Co. has a 1 year low of $52.41 and a 1 year high of $73.76. The company has a market capitalization of $17.18 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 2.44 and a beta of 0.34. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.15 and a quick ratio of 0.78.
CMS Energy Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Monday, February 13th were issued a dividend of $0.4875 per share. The ex-dividend date was Friday, February 10th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 3.31%. This is an increase from CMS Energy’s previous quarterly dividend of $0.46. CMS Energy’s dividend payout ratio (DPR) is currently 68.42%.
Insider Transactions at CMS Energy
In related news, SVP Shaun M. Johnson sold 814 shares of the firm’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $61.74, for a total value of $50,256.36. Following the transaction, the senior vice president now owns 57,304 shares in the company, valued at $3,537,948.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.
Analysts Set New Price Targets
CMS has been the topic of several research reports. Credit Suisse Group upgraded shares of CMS Energy from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $61.00 to $64.00 in a research report on Monday, November 21st. Morgan Stanley cut their target price on shares of CMS Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $71.00 target price on shares of CMS Energy in a research report on Wednesday, February 8th. Wells Fargo & Company cut their price target on shares of CMS Energy from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, February 3rd. Finally, StockNews.com cut CMS Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $67.33.
About CMS Energy
CMS Energy Corp. is a holding company, which engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment consists of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan.
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