CMS Energy Co. (NYSE:CMS) Shares Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB increased its stake in shares of CMS Energy Co. (NYSE:CMS) by 5.6% during the 4th quarter, Holdings Channel reports. The fund owned 8,810 shares of the utilities provider’s stock after purchasing an additional 464 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in CMS Energy were worth $587,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its stake in shares of CMS Energy by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after purchasing an additional 719,093 shares during the period. Geode Capital Management LLC grew its position in CMS Energy by 1.4% during the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock valued at $528,713,000 after buying an additional 105,062 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of CMS Energy by 0.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider’s stock worth $152,267,000 after acquiring an additional 18,403 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of CMS Energy by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock worth $128,715,000 after acquiring an additional 25,196 shares during the period. Finally, Brookfield Corp ON boosted its stake in shares of CMS Energy by 0.6% during the 3rd quarter. Brookfield Corp ON now owns 1,199,811 shares of the utilities provider’s stock worth $84,743,000 after acquiring an additional 7,142 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CMS shares. BMO Capital Markets cut their price target on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company upped their target price on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Morgan Stanley reduced their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $76.00 to $72.00 in a research report on Tuesday, October 15th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.15.

Insiders Place Their Bets

In other news, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the sale, the director now owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the transaction, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,686 shares of company stock valued at $2,228,084 over the last ninety days. Company insiders own 0.40% of the company’s stock.

CMS Energy Trading Up 0.6 %

Shares of CMS Energy stock opened at $69.14 on Tuesday. 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’s 50 day simple moving average is $66.77 and its 200-day simple moving average is $67.93. The stock has a market cap of $20.66 billion, a P/E ratio of 20.83, a P/E/G ratio of 2.48 and a beta of 0.42. CMS Energy Co. has a 1-year low of $55.10 and a 1-year high of $72.40.

CMS Energy (NYSE:CMS) last released 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%. Analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 17th will be given a dividend of $0.5425 per share. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Friday, February 14th. CMS Energy’s dividend payout ratio (DPR) is presently 62.05%.

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.