CMS Energy Co. (NYSE:CMS) Shares Bought by DnB Asset Management AS

DnB Asset Management AS raised its stake in shares of CMS Energy Co. (NYSE:CMS) by 119.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,466 shares of the utilities provider’s stock after acquiring an additional 85,756 shares during the period. DnB Asset Management AS’s holdings in CMS Energy were worth $10,495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Smith Group Asset Management LLC acquired a new stake in CMS Energy in the 4th quarter valued at approximately $333,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of CMS Energy by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider’s stock valued at $1,342,000 after buying an additional 5,662 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in CMS Energy by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider’s stock worth $5,103,000 after acquiring an additional 392 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in CMS Energy by 49.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider’s stock valued at $1,787,000 after acquiring an additional 8,927 shares during the period. Finally, Hennessy Advisors Inc. grew its position in CMS Energy by 2.7% in the 4th quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider’s stock valued at $11,377,000 after acquiring an additional 4,500 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Trading Up 1.4 %

NYSE:CMS opened at $74.18 on Friday. CMS Energy Co. has a 1 year low of $56.61 and a 1 year high of $75.06. The stock has a market cap of $22.16 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.56 and a beta of 0.35. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The stock has a 50-day simple moving average of $70.47 and a 200-day simple moving average of $69.27.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating the consensus estimate 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, analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were paid a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio is currently 65.36%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CMS shares. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. UBS Group increased their target price on shares of CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Bank of America increased their price objective on CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, March 24th. Finally, Scotiabank boosted their target price on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and a consensus price target of $75.36.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the transaction, the senior vice president now directly owns 71,931 shares in the company, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the sale, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,200 shares of company stock valued at $789,532. 0.40% of the stock is currently owned by insiders.

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.