Industrial Alliance Investment Management Inc. Has $524,000 Stock Position in CMS Energy Co. (NYSE:CMS)

Industrial Alliance Investment Management Inc. grew its stake in CMS Energy Co. (NYSE:CMS) by 3.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,680 shares of the utilities provider’s stock after buying an additional 270 shares during the period. Industrial Alliance Investment Management Inc.’s holdings in CMS Energy were worth $524,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Scarborough Advisors LLC acquired a new stake in shares of CMS Energy in the fourth quarter worth about $29,000. Voisard Asset Management Group Inc. acquired a new position in shares of CMS Energy during the 4th quarter worth about $36,000. Headlands Technologies LLC acquired a new position in shares of CMS Energy during the 1st quarter worth about $43,000. Tobam lifted its position in shares of CMS Energy by 2,432.3% during the 4th quarter. Tobam now owns 785 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 754 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of CMS Energy by 30.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Activity

In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,667 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $59.98, for a total transaction of $99,986.66. Following the completion of the transaction, the senior vice president now owns 68,330 shares in the company, valued at approximately $4,098,433.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,667 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $59.98, for a total transaction of $99,986.66. Following the completion of the transaction, the senior vice president now owns 68,330 shares in the company, valued at approximately $4,098,433.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jon E. Barfield sold 2,360 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $60.79, for a total value of $143,464.40. Following the completion of the transaction, the director now owns 14,556 shares of the company’s stock, valued at approximately $884,859.24. The disclosure for this sale can be found here. Insiders have sold a total of 6,027 shares of company stock valued at $365,651 in the last 90 days. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Guggenheim boosted their price objective on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday. Scotiabank lowered their price objective on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. Wells Fargo & Company increased their price target on CMS Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Morgan Stanley decreased their price target on CMS Energy from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

CMS Energy Trading Up 2.3 %

NYSE:CMS traded up $1.44 during trading hours on Tuesday, hitting $65.10. 2,399,103 shares of the stock were exchanged, compared to its average volume of 2,377,517. The company’s 50 day moving average is $60.68 and its two-hundred day moving average is $59.48. CMS Energy Co. has a twelve month low of $49.87 and a twelve month high of $65.14. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $19.45 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 2.50 and a beta of 0.38.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 EPS. On average, sell-side analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 2nd will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, August 2nd. CMS Energy’s dividend payout ratio (DPR) is currently 62.80%.

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.