CIBC Asset Management Inc Acquires 1,469 Shares of CMS Energy Co. (NYSE:CMS)

CIBC Asset Management Inc grew its holdings in shares of CMS Energy Co. (NYSE:CMS) by 1.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 130,647 shares of the utilities provider’s stock after buying an additional 1,469 shares during the period. CIBC Asset Management Inc’s holdings in CMS Energy were worth $8,695,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CMS. Massachusetts Financial Services Co. MA grew its stake in shares of CMS Energy by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock valued at $537,503,000 after buying an additional 719,093 shares during the last quarter. National Bank of Canada FI grew its stake in CMS Energy by 404.8% in the third quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock worth $63,053,000 after purchasing an additional 715,891 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in CMS Energy by 760.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider’s stock worth $46,664,000 after purchasing an additional 618,767 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in CMS Energy by 552.9% in the third quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock worth $39,978,000 after purchasing an additional 479,336 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in CMS Energy by 1,122.4% in the third quarter. Janus Henderson Group PLC now owns 479,203 shares of the utilities provider’s stock worth $33,845,000 after purchasing an additional 440,000 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMS. BMO Capital Markets dropped their price objective on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Morgan Stanley dropped their price objective on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Scotiabank increased their target price on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Guggenheim reaffirmed a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. Finally, StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.15.

CMS Energy Stock Up 1.1 %

CMS Energy stock opened at $69.54 on Wednesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.23 and a quick ratio of 0.83. The stock has a market capitalization of $20.78 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 2.48 and a beta of 0.42. CMS Energy Co. has a 1-year low of $56.31 and a 1-year high of $72.40. The business has a fifty day moving average price of $66.96 and a 200-day moving average price of $68.14.

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 return on equity of 12.02% and a net margin of 13.35%. Equities research analysts forecast that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be given a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a yield of 3.12%. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s payout ratio is currently 65.36%.

Insiders Place Their Bets

In other CMS Energy news, 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 completion of the sale, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $67.22, for a total value of $134,440.00. Following the sale, the senior vice president now directly owns 63,197 shares of the company’s stock, valued at approximately $4,248,102.34. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,386 shares of company stock valued at $2,559,136. 0.40% of the stock is owned by company insiders.

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.