B. Metzler seel. Sohn & Co. Holding AG Takes $7.74 Million Position in CMS Energy Co. (NYSE:CMS)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of CMS Energy Co. (NYSE:CMS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 109,537 shares of the utilities provider’s stock, valued at approximately $7,736,000.

A number of other institutional investors and hedge funds have also modified their holdings of CMS. Mackenzie Financial Corp boosted its holdings in CMS Energy by 0.6% during the second quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock worth $1,511,000 after buying an additional 157 shares during the last quarter. Voisard Asset Management Group Inc. raised its position in shares of CMS Energy by 25.7% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 163 shares during the period. OneDigital Investment Advisors LLC boosted its stake in CMS Energy by 5.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 187 shares during the last quarter. Continuum Advisory LLC grew its holdings in CMS Energy by 9.6% during the second quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 205 shares during the period. Finally, Tobam increased its stake in CMS Energy by 31.7% in the third quarter. Tobam now owns 868 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 209 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the transaction, the senior vice president now owns 64,771 shares of the company’s stock, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

CMS has been the topic of a number of recent analyst reports. Mizuho cut shares of CMS Energy from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Bank of America boosted their target price on CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. BMO Capital Markets dropped their price target on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Jefferies Financial Group assumed coverage on CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price objective on the stock. Finally, Barclays increased their target price on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.29.

CMS Energy Stock Performance

Shares of CMS opened at $68.57 on Wednesday. The stock has a market capitalization of $20.49 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.72 and a beta of 0.41. CMS Energy Co. has a 12 month low of $55.10 and a 12 month high of $72.40. The firm has a fifty day simple moving average of $69.75 and a 200 day simple moving average of $65.38. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 EPS. Research analysts forecast that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.00%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, November 13th. CMS Energy’s dividend payout ratio (DPR) is currently 58.86%.

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.