Rockefeller Capital Management L.P. Increases Stock Position in CMS Energy Co. (NYSE:CMS)

Rockefeller Capital Management L.P. grew its position in shares of CMS Energy Co. (NYSE:CMS) by 552.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 566,025 shares of the utilities provider’s stock after purchasing an additional 479,336 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.19% of CMS Energy worth $39,978,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after buying an additional 275 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of CMS Energy in the 3rd quarter valued at $40,000. Covestor Ltd raised its position in CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 472 shares during the last quarter. TruNorth Capital Management LLC boosted its stake in CMS Energy by 431.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 578 shares during the period. Finally, Innealta Capital LLC acquired a new stake in CMS Energy during the 2nd quarter worth $43,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insiders Place Their Bets

In other CMS Energy news, CAO Scott B. Mcintosh sold 936 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the transaction, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the transaction, the senior vice president now directly owns 64,771 shares of the company’s stock, valued at approximately $4,415,439.07. This trade represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CMS has been the topic of a number of recent research reports. KeyCorp lifted their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Barclays boosted their price target on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Morgan Stanley decreased their price objective on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Mizuho lowered CMS Energy from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. Finally, Scotiabank upped their price target on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.21.

CMS Energy Trading Down 1.1 %

Shares of CMS Energy stock opened at $69.74 on Friday. The company has a 50-day moving average of $69.74 and a two-hundred day moving average of $65.73. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The stock has a market cap of $20.84 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.81 and a beta of 0.41.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. CMS Energy’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. On average, research analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.515 per share. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Wednesday, November 13th. CMS Energy’s dividend payout ratio (DPR) is 58.86%.

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.