New Age Alpha Advisors LLC Has $240,000 Stake in CMS Energy Co. (NYSE:CMS)

New Age Alpha Advisors LLC increased its stake in shares of CMS Energy Co. (NYSE:CMS) by 1,344.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,597 shares of the utilities provider’s stock after buying an additional 3,348 shares during the quarter. New Age Alpha Advisors LLC’s holdings in CMS Energy were worth $240,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in CMS Energy in the fourth quarter valued at approximately $171,798,000. NEOS Investment Management LLC boosted its holdings in shares of CMS Energy by 30.3% in the 4th quarter. NEOS Investment Management LLC now owns 16,043 shares of the utilities provider’s stock valued at $1,069,000 after purchasing an additional 3,730 shares in the last quarter. UniSuper Management Pty Ltd increased its stake in shares of CMS Energy by 0.9% in the 4th quarter. UniSuper Management Pty Ltd now owns 802,890 shares of the utilities provider’s stock valued at $53,513,000 after purchasing an additional 7,544 shares during the last quarter. Moment Partners LLC acquired a new position in shares of CMS Energy during the 4th quarter worth $324,000. Finally, Elo Mutual Pension Insurance Co lifted its position in shares of CMS Energy by 19.9% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 31,793 shares of the utilities provider’s stock worth $2,119,000 after buying an additional 5,266 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, Director Laura Wright sold 2,500 shares of CMS Energy stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the sale, the director now directly owns 38,790 shares of the company’s stock, valued at approximately $2,709,093.60. The trade was a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at $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 three months, insiders have sold 11,200 shares of company stock valued at $789,532. 0.40% of the stock is currently owned by company insiders.

CMS Energy Trading Down 0.6 %

Shares of CMS stock opened at $74.71 on Thursday. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $75.52. 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 $22.32 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 2.56 and a beta of 0.35. The stock has a 50-day moving average of $70.91 and a 200-day moving average of $69.38.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating 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%. On average, equities research analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current 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 issued a $0.5425 dividend. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy’s payout ratio is presently 65.36%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BMO Capital Markets lifted their target price on CMS Energy from $73.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, March 24th. Scotiabank upped their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. UBS Group increased their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Bank of America boosted their target price on shares of CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. Finally, StockNews.com cut CMS Energy from a “hold” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $75.36.

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.