MeadowBrook Investment Advisors LLC Invests $87,000 in CMS Energy Co. (NYSE:CMS)

MeadowBrook Investment Advisors LLC purchased a new position in shares of CMS Energy Co. (NYSE:CMS) during the fourth quarter, HoldingsChannel reports. The fund purchased 1,500 shares of the utilities provider’s stock, valued at approximately $87,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. increased its stake in CMS Energy by 6,027.8% in the 3rd quarter. American Century Companies Inc. now owns 1,740,776 shares of the utilities provider’s stock valued at $92,453,000 after buying an additional 1,712,368 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of CMS Energy by 1,392.3% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 911,833 shares of the utilities provider’s stock worth $52,561,000 after buying an additional 850,731 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of CMS Energy by 23.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,054,137 shares of the utilities provider’s stock worth $162,205,000 after buying an additional 570,800 shares during the period. FMR LLC boosted its holdings in shares of CMS Energy by 172.0% during the 3rd quarter. FMR LLC now owns 855,410 shares of the utilities provider’s stock worth $45,431,000 after buying an additional 540,865 shares during the period. Finally, Aviva PLC boosted its holdings in shares of CMS Energy by 10,084.8% during the 3rd quarter. Aviva PLC now owns 436,112 shares of the utilities provider’s stock worth $23,162,000 after buying an additional 431,830 shares during the period. 93.57% of the stock is owned by institutional investors.

CMS Energy Trading Up 0.1 %

Shares of CMS traded up $0.05 during trading hours on Monday, hitting $61.61. 1,772,261 shares of the stock were exchanged, compared to its average volume of 2,528,803. CMS Energy Co. has a fifty-two week low of $49.87 and a fifty-two week high of $63.76. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.05. The business has a 50-day moving average of $59.11 and a 200-day moving average of $57.72. The firm has a market capitalization of $18.36 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 2.51 and a beta of 0.37.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.32 billion. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the company posted $0.70 earnings per share. On average, research analysts expect that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Tuesday, May 14th. CMS Energy’s payout ratio is currently 62.80%.

Insider Activity at CMS Energy

In other news, SVP Brian F. Rich sold 2,000 shares of CMS Energy stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the completion of the transaction, the senior vice president now owns 97,682 shares in the company, valued at $5,968,370.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Brian F. Rich sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the completion of the transaction, the senior vice president now owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Brandon J. Hofmeister sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the transaction, the senior vice president now directly owns 68,971 shares of the company’s stock, valued at approximately $3,985,144.38. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on CMS shares. Guggenheim raised shares of CMS Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $64.00 in a report on Friday, February 2nd. Scotiabank reduced their target price on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. Seaport Res Ptn downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Royal Bank of Canada reduced their target price 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.50.

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.