430 Shares in CMS Energy Co. (NYSE:CMS) Bought by BankPlus Trust Department

BankPlus Trust Department purchased a new stake in CMS Energy Co. (NYSE:CMS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 430 shares of the utilities provider’s stock, valued at approximately $29,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fisher Funds Management LTD acquired a new stake in CMS Energy in the 4th quarter valued at about $53,904,000. Massachusetts Financial Services Co. MA raised its stake in CMS Energy by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock valued at $537,503,000 after buying an additional 719,093 shares during the period. National Bank of Canada FI boosted its stake in shares of CMS Energy by 404.8% during the 3rd quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock worth $63,053,000 after acquiring an additional 715,891 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of CMS Energy by 760.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider’s stock worth $46,664,000 after acquiring an additional 618,767 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in CMS Energy by 552.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock valued at $39,978,000 after acquiring an additional 479,336 shares during the period. Institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling

In other CMS Energy news, Director Laura Wright sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the sale, the director now 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 filing with the SEC, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $67.22, for a total value of $134,440.00. Following the completion of the transaction, the senior vice president now owns 63,197 shares of the company’s stock, valued at $4,248,102.34. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,950 shares of company stock worth $2,669,620 in the last ninety days. 0.40% of the stock is owned by insiders.

CMS Energy Trading Up 1.4 %

CMS opened at $73.10 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a twelve month low of $56.31 and a twelve month high of $73.37. The stock has a market capitalization of $21.84 billion, a price-to-earnings ratio of 22.02, a P/E/G ratio of 2.56 and a beta of 0.42. The company has a 50-day simple moving average of $67.45 and a 200 day simple moving average of $68.39.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share 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%. Analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

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

Wall Street Analyst Weigh In

CMS has been the topic of several research reports. Guggenheim reiterated a “neutral” rating and issued a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Morgan Stanley decreased their price target on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Jefferies Financial Group started coverage on CMS Energy in a research note on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price on the stock. Finally, BMO Capital Markets reduced their price target on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.69.

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.