Mn Services Vermogensbeheer B.V. lifted its position in CMS Energy Co. (NYSE:CMS – Free Report) by 3.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,669 shares of the utilities provider’s stock after purchasing an additional 4,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in CMS Energy were worth $8,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Covington Capital Management bought a new position in shares of CMS Energy during the third quarter worth $27,000. Pinebridge Investments L.P. bought a new position in shares of CMS Energy during the fourth quarter worth $29,000. Spirit of America Management Corp NY bought a new position in shares of CMS Energy during the first quarter worth $34,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of CMS Energy during the first quarter worth $37,000. Finally, BerganKDV Wealth Management LLC boosted its position in shares of CMS Energy by 1,614.6% during the fourth quarter. BerganKDV Wealth Management LLC now owns 823 shares of the utilities provider’s stock worth $52,000 after acquiring an additional 775 shares during the last quarter. 91.92% of the stock is owned by hedge funds and other institutional investors.
CMS Energy Price Performance
CMS Energy stock opened at $60.83 on Friday. The firm has a 50-day moving average price of $59.59 and a 200-day moving average price of $60.96. The firm has a market capitalization of $17.74 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 2.56 and a beta of 0.36. The company has a current ratio of 1.02, a quick ratio of 0.77 and a debt-to-equity ratio of 1.76. CMS Energy Co. has a 12-month low of $52.41 and a 12-month high of $71.19.
CMS Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Friday, May 5th were paid a $0.4875 dividend. This represents a $1.95 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Thursday, May 4th. CMS Energy’s dividend payout ratio is presently 83.69%.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on CMS shares. Mizuho dropped their target price on shares of CMS Energy from $68.00 to $65.00 in a research report on Monday, June 5th. BMO Capital Markets lowered their price objective on shares of CMS Energy from $70.00 to $64.00 in a research report on Friday, May 19th. Morgan Stanley increased their price objective on shares of CMS Energy from $59.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, April 20th. TheStreet upgraded shares of CMS Energy from a “c+” rating to a “b-” rating in a research report on Tuesday, April 11th. Finally, UBS Group upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $63.00 to $68.00 in a research report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.
Insider Buying and Selling
In related news, SVP Catherine A. Hendrian sold 7,500 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $60.26, for a total value of $451,950.00. Following the transaction, the senior vice president now owns 48,436 shares of the company’s stock, valued at approximately $2,918,753.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by insiders.
CMS Energy Company 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.
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