Pacer Advisors Inc. increased its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 161.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74,182 shares of the utilities provider's stock after acquiring an additional 45,843 shares during the quarter. Pacer Advisors Inc.'s holdings in CMS Energy were worth $4,308,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covington Capital Management purchased a new stake in CMS Energy in the 3rd quarter worth $27,000. Headinvest LLC purchased a new stake in CMS Energy in the 3rd quarter worth $26,000. Clear Street Markets LLC increased its holdings in CMS Energy by 94.9% in the 1st quarter. Clear Street Markets LLC now owns 573 shares of the utilities provider's stock worth $35,000 after acquiring an additional 279 shares in the last quarter. American National Bank increased its holdings in CMS Energy by 1,213.6% in the 3rd quarter. American National Bank now owns 578 shares of the utilities provider's stock worth $31,000 after acquiring an additional 534 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new stake in CMS Energy in the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 93.57% of the company's stock.
CMS Energy Trading Up 0.7 %
Shares of CMS stock traded up $0.42 on Friday, hitting $60.34. 2,363,553 shares of the stock traded hands, compared to its average volume of 2,892,333. The firm's 50-day moving average price is $57.79 and its two-hundred day moving average price is $56.79. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 0.98. The stock has a market capitalization of $18.02 billion, a PE ratio of 20.05, a PEG ratio of 2.32 and a beta of 0.37. CMS Energy Co. has a twelve month low of $49.87 and a twelve month high of $63.76.
CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.01. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $2.62 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The company's revenue was down 14.4% compared to the same quarter last year. As a group, analysts anticipate that CMS Energy Co. will post 3.34 EPS for the current year.
CMS Energy Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Monday, February 12th were given a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.06 dividend on an annualized basis and a yield of 3.41%. This is a boost from CMS Energy's previous quarterly dividend of $0.49. CMS Energy's dividend payout ratio is presently 68.44%.
Wall Street Analyst Weigh In
Several brokerages recently commented on CMS. BMO Capital Markets cut their price target on shares of CMS Energy from $65.00 to $63.00 and set an "outperform" rating for the company in a report on Monday, March 4th. Barclays upped their target price on shares of CMS Energy from $57.00 to $58.00 and gave the stock an "equal weight" rating in a report on Thursday, March 14th. Seaport Res Ptn lowered shares of CMS Energy from a "buy" rating to a "neutral" rating in a report on Monday, January 8th. Guggenheim raised shares of CMS Energy from a "neutral" rating to a "buy" rating and upped their target price for the stock from $60.00 to $64.00 in a report on Friday, February 2nd. Finally, Wolfe Research raised shares of CMS Energy from a "peer perform" rating to an "outperform" rating and set a $62.00 target price for the company in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.09.
Get Our Latest Report on CMS
Insider Buying and Selling at CMS Energy
In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the sale, the senior vice president now directly owns 68,971 shares in the company, valued at $3,985,144.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by corporate insiders.
About CMS Energy
(
Free Report)
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.
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