CMS Energy Co. (NYSE:CMS) Shares Bought by Pitcairn Co.

Pitcairn Co. lifted its holdings in CMS Energy Co. (NYSE:CMS) by 21.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,300 shares of the utilities provider’s stock after buying an additional 948 shares during the quarter. Pitcairn Co.’s holdings in CMS Energy were worth $353,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CMS. Vanguard Group Inc. lifted its holdings in 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. Massachusetts Financial Services Co. MA lifted its holdings in shares of CMS Energy by 28.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider’s stock worth $649,264,000 after purchasing an additional 2,131,269 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of CMS Energy by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider’s stock worth $505,869,000 after purchasing an additional 98,910 shares during the last quarter. Norges Bank acquired a new position in CMS Energy during the 4th quarter valued at approximately $171,798,000. Finally, ExodusPoint Capital Management LP grew its stake in CMS Energy by 15.5% during the 4th quarter. ExodusPoint Capital Management LP now owns 2,556,267 shares of the utilities provider’s stock worth $170,375,000 after buying an additional 343,677 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMS. Bank of America boosted their price target on shares of CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a report on Monday, March 24th. UBS Group boosted their target price on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Scotiabank raised their price target on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Finally, StockNews.com lowered CMS Energy from a “hold” rating to a “sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $75.36.

CMS Energy Stock Down 3.6 %

Shares of CMS stock opened at $72.81 on Friday. CMS Energy Co. has a 1 year low of $56.61 and a 1 year high of $76.45. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The business’s fifty day moving average is $71.24 and its 200-day moving average is $69.43. The stock has a market cap of $21.76 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Equities analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were paid a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 2.98%. CMS Energy’s dividend payout ratio is currently 65.36%.

Insider Buying and Selling

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was 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 of the company’s stock, valued at $5,306,349.87. This represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 value of $467,392.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at $1,509,815.68. This represents a 23.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,200 shares of company stock worth $789,532. Corporate insiders own 0.40% of the company’s stock.

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.