CMS Energy Co. (NYSE:CMS) Holdings Raised by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC increased its stake in CMS Energy Co. (NYSE:CMS) by 23.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,991 shares of the utilities provider’s stock after purchasing an additional 6,451 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in CMS Energy were worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. increased its position in shares of CMS Energy by 10.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 96,803 shares of the utilities provider’s stock worth $6,452,000 after acquiring an additional 8,834 shares in the last quarter. New Age Alpha Advisors LLC boosted its stake in CMS Energy by 1,344.6% in the 4th quarter. New Age Alpha Advisors LLC now owns 3,597 shares of the utilities provider’s stock worth $240,000 after purchasing an additional 3,348 shares during the period. Norges Bank purchased a new position in CMS Energy during the 4th quarter worth approximately $171,798,000. NEOS Investment Management LLC raised its stake in CMS Energy by 30.3% during the 4th quarter. NEOS Investment Management LLC now owns 16,043 shares of the utilities provider’s stock valued at $1,069,000 after purchasing an additional 3,730 shares during the period. Finally, UniSuper Management Pty Ltd lifted its holdings in shares of CMS Energy by 0.9% in the fourth quarter. UniSuper Management Pty Ltd now owns 802,890 shares of the utilities provider’s stock valued at $53,513,000 after purchasing an additional 7,544 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 71,931 shares in the company, valued at $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laura Wright sold 2,500 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the sale, the director now owns 38,790 shares in the company, valued at approximately $2,709,093.60. The trade was a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,200 shares of company stock valued at $789,532 in the last quarter. Insiders own 0.40% of the company’s stock.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $75.14 on Wednesday. The stock has a market capitalization of $22.45 billion, a P/E ratio of 22.63, a P/E/G ratio of 2.56 and a beta of 0.35. The business has a 50-day moving average of $70.75 and a two-hundred day moving average of $69.34. CMS Energy Co. has a fifty-two week low of $56.61 and a fifty-two week high of $75.52. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57.

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

CMS Energy Increases Dividend

The company also recently announced 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 yield of 2.89%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio (DPR) is 65.36%.

Analyst Upgrades and Downgrades

CMS has been the topic of a number of research analyst reports. UBS Group lifted their price target on CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $68.00 to $75.00 in a report on Thursday, February 20th. Bank of America raised their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, March 24th. BMO Capital Markets upped their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. Finally, StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.36.

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.