CMS Energy Co. (NYSE:CMS) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its holdings in shares of CMS Energy Co. (NYSE:CMS) by 103.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,335 shares of the utilities provider’s stock after purchasing an additional 30,667 shares during the period. Edgestream Partners L.P.’s holdings in CMS Energy were worth $4,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BankPlus Trust Department purchased a new position in CMS Energy in the fourth quarter valued at $29,000. Richardson Financial Services Inc. increased its holdings in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after buying an additional 235 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in CMS Energy by 171.9% in the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after buying an additional 275 shares in the last quarter. Brooklyn Investment Group purchased a new position in CMS Energy in the third quarter valued at $40,000. Finally, Covestor Ltd increased its holdings in CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after buying an additional 472 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director John G. Russell sold 28,750 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the sale, the director now directly owns 144,059 shares in the company, valued at approximately $9,486,285.15. This trade represents a 16.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $67.22, for a total transaction of $134,440.00. Following the completion of the sale, the senior vice president now owns 63,197 shares in the company, 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. In the last quarter, insiders sold 41,950 shares of company stock valued at $2,817,160. Company insiders own 0.40% of the company’s stock.

CMS Energy Stock Performance

CMS Energy stock opened at $73.12 on Friday. The firm has a 50 day simple moving average of $68.46 and a 200-day simple moving average of $68.74. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $75.06. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The stock has a market cap of $21.85 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data 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%. On average, analysts expect that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were given a dividend of $0.5425 per share. The ex-dividend date was 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 dividend payout ratio (DPR) is presently 65.36%.

Analysts Set New Price Targets

A number of research firms have weighed in on CMS. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $68.00 to $75.00 in a report on Thursday, February 20th. Morgan Stanley cut their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Guggenheim restated a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Finally, Scotiabank upped their price target 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. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.42.

About CMS Energy

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.