Signaturefd LLC raised its stake in CMS Energy Co. (NYSE:CMS – Get Rating) by 106.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,564 shares of the utilities provider’s stock after acquiring an additional 3,377 shares during the quarter. Signaturefd LLC’s holdings in CMS Energy were worth $416,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in CMS. Covington Capital Management acquired a new position in shares of CMS Energy in the third quarter worth $27,000. Motco acquired a new position in CMS Energy in the third quarter valued at $29,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in CMS Energy in the third quarter valued at $34,000. Parkside Financial Bank & Trust increased its stake in CMS Energy by 63.9% in the third quarter. Parkside Financial Bank & Trust now owns 821 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 320 shares during the last quarter. Finally, Dupont Capital Management Corp increased its stake in CMS Energy by 23.1% in the fourth quarter. Dupont Capital Management Corp now owns 975 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 183 shares during the last quarter. 92.16% of the stock is owned by institutional investors and hedge funds.
CMS Energy Price Performance
Shares of NYSE CMS opened at $60.79 on Friday. CMS Energy Co. has a 1-year low of $52.41 and a 1-year high of $73.76. The business has a 50-day moving average of $60.70 and a 200-day moving average of $60.47. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.15 and a quick ratio of 0.78. The company has a market capitalization of $17.73 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 2.47 and a beta of 0.36.
CMS Energy Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Monday, February 13th were given a $0.4875 dividend. This is an increase from CMS Energy’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 10th. This represents a $1.95 annualized dividend and a dividend yield of 3.21%. CMS Energy’s dividend payout ratio is presently 68.42%.
Insider Buying and Selling
In related news, SVP Brian F. Rich sold 4,000 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $61.72, for a total value of $246,880.00. Following the transaction, the senior vice president now owns 91,927 shares in the company, valued at $5,673,734.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Shaun M. Johnson sold 814 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Brian F. Rich sold 4,000 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $61.72, for a total value of $246,880.00. Following the completion of the transaction, the senior vice president now owns 91,927 shares in the company, valued at approximately $5,673,734.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,314 shares of company stock worth $447,136. 0.40% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. StockNews.com assumed coverage on CMS Energy in a research note on Thursday, March 16th. They issued a “sell” rating for the company. Morgan Stanley dropped their target price on CMS Energy from $63.00 to $59.00 and set an “overweight” rating for the company in a research note on Tuesday, March 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $71.00 price target on shares of CMS Energy in a research report on Wednesday, February 8th. BMO Capital Markets lowered their price target on CMS Energy from $70.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, February 14th. Finally, Bank of America raised CMS Energy from a “neutral” rating to a “buy” rating and lowered their price target for the company from $68.00 to $66.00 in a research report on Wednesday, March 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $65.56.
CMS Energy Profile
CMS Energy Corp. engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment focuses on generation, purchase, distribution, and sale of electricity. The Gas Utility segment includes purchase, transmission, storage, distribution, and sale of natural gas.
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