DnB Asset Management AS Increases Stock Holdings in CMS Energy Co. (NYSE:CMS)

DnB Asset Management AS boosted its holdings in shares of CMS Energy Co. (NYSE:CMS) by 119.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,466 shares of the utilities provider’s stock after buying an additional 85,756 shares during the period. DnB Asset Management AS owned approximately 0.05% of CMS Energy worth $10,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. BankPlus Trust Department acquired a new position in shares of CMS Energy during the fourth quarter valued at about $29,000. Richardson Financial Services Inc. grew its position in CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 235 shares during the last quarter. Brooklyn Investment Group acquired a new position in CMS Energy during the 3rd quarter valued at approximately $40,000. Larson Financial Group LLC raised its holdings in shares of CMS Energy by 2,900.0% in the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock worth $48,000 after buying an additional 696 shares during the last quarter. Finally, Robbins Farley acquired a new stake in shares of CMS Energy during the fourth quarter worth $62,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

CMS has been the topic of a number of recent research reports. UBS Group upped their target price on CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Bank of America boosted their price target on CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a report on Monday, March 24th. Guggenheim reaffirmed a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Scotiabank increased their price target on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $75.36.

CMS Energy Trading Up 1.4 %

Shares of CMS stock opened at $74.18 on Friday. CMS Energy Co. has a fifty-two week low of $56.61 and a fifty-two week high of $75.06. The firm has a market capitalization of $22.16 billion, a P/E ratio of 22.34, a PEG ratio of 2.56 and a beta of 0.35. The stock’s fifty day moving average is $70.47 and its two-hundred day moving average is $69.27. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79.

CMS Energy (NYSE:CMS) last posted 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%. Research analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio (DPR) is currently 65.36%.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the sale, the senior vice president now directly owns 71,931 shares in the company, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,200 shares of company stock worth $789,532. 0.40% of the stock is owned by corporate insiders.

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.