KLP Kapitalforvaltning AS Purchases 38,500 Shares of CMS Energy Corporation (NYSE:CMS)

KLP Kapitalforvaltning AS increased its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 29.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 171,100 shares of the utilities provider's stock after buying an additional 38,500 shares during the quarter. KLP Kapitalforvaltning AS owned 0.06% of CMS Energy worth $12,851,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of CMS Energy by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider's stock worth $2,544,370,000 after acquiring an additional 316,011 shares during the last quarter. Zions Bancorporation N.A. lifted its stake in CMS Energy by 51.9% in the 4th quarter. Zions Bancorporation N.A. now owns 9,010 shares of the utilities provider's stock valued at $601,000 after purchasing an additional 3,079 shares during the last quarter. Financial Counselors Inc. bought a new position in CMS Energy in the 4th quarter valued at approximately $202,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in CMS Energy by 10.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478,444 shares of the utilities provider's stock valued at $31,869,000 after purchasing an additional 46,269 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co lifted its stake in shares of CMS Energy by 19.9% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 31,793 shares of the utilities provider's stock valued at $2,119,000 after acquiring an additional 5,266 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen cut CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday. BMO Capital Markets raised their target price on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Jefferies Financial Group raised their target price on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Wells Fargo & Company raised their price objective on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Evercore ISI raised their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, CMS Energy currently has a consensus rating of "Hold" and an average price target of $77.25.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total transaction of $161,794.78. Following the completion of the transaction, the senior vice president owned 69,571 shares in the company, valued at $5,121,121.31. This trade represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.40% of the company's stock.

CMS Energy Stock Performance

Shares of CMS stock traded down $0.05 during trading on Friday, hitting $72.84. The company's stock had a trading volume of 2,028,248 shares, compared to its average volume of 1,937,814. CMS Energy Corporation has a 52 week low of $62.73 and a 52 week high of $76.45. The company has a market cap of $21.79 billion, a PE ratio of 21.61, a P/E/G ratio of 2.71 and a beta of 0.38. The business has a fifty day moving average of $70.27 and a 200-day moving average of $70.69. The company has a current ratio of 1.06, a quick ratio of 0.84 and a debt-to-equity ratio of 1.87.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The firm's revenue was up 12.5% on a year-over-year basis. As a group, research analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.5425 per share. The ex-dividend date is Friday, August 8th. This represents a $2.17 annualized dividend and a dividend yield of 2.98%. CMS Energy's payout ratio is 64.39%.

CMS Energy Company 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.