Edgestream Partners L.P. Raises Stake in CMS Energy Co. (NYSE:CMS)

Edgestream Partners L.P. boosted its holdings in shares of CMS Energy Co. (NYSE:CMS) by 103.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 60,335 shares of the utilities provider’s stock after purchasing an additional 30,667 shares during the period. Edgestream Partners L.P.’s holdings in CMS Energy were worth $4,021,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMS. BankPlus Trust Department purchased a new stake in shares of CMS Energy in the fourth quarter valued at about $29,000. Richardson Financial Services Inc. boosted its holdings 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 in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of CMS Energy by 171.9% in the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 275 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of CMS Energy in the third quarter valued at about $40,000. Finally, Covestor Ltd boosted its holdings in shares of CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 472 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Stock Performance

Shares of CMS opened at $73.12 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The stock has a market cap of $21.85 billion, a P/E ratio of 22.02, a PEG ratio of 2.56 and a beta of 0.35. The company has a 50-day moving average of $68.46 and a two-hundred day moving average of $68.74. CMS Energy Co. has a 12-month low of $56.61 and a 12-month high of $75.06.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. As a group, research analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were given a dividend of $0.5425 per share. The ex-dividend date was Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a yield of 2.97%. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s payout ratio is presently 65.36%.

Analysts Set New Price Targets

CMS has been the topic of several analyst reports. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $68.00 to $75.00 in a report on Thursday, February 20th. Scotiabank lifted their target price on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Guggenheim reaffirmed a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Finally, Morgan Stanley decreased their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and an average target price of $72.42.

Insider Activity

In other news, Director John G. Russell sold 28,750 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the transaction, the director now owns 144,059 shares of the company’s stock, valued at $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $67.22, for a total transaction of $134,440.00. Following the completion of the transaction, the senior vice president now directly owns 63,197 shares of the company’s stock, valued at approximately $4,248,102.34. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,950 shares of company stock valued at $2,817,160 over the last 90 days. Insiders own 0.40% of the company’s stock.

About CMS Energy

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.