Securian Asset Management Inc. Has $1.07 Million Holdings in CMS Energy Co. (NYSE:CMS)

Securian Asset Management Inc. cut its holdings in shares of CMS Energy Co. (NYSE:CMS) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,057 shares of the utilities provider’s stock after selling 443 shares during the period. Securian Asset Management Inc.’s holdings in CMS Energy were worth $1,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CMS. BankPlus Trust Department acquired a new position in CMS Energy during the 4th quarter valued at about $29,000. Richardson Financial Services Inc. raised its position in shares of CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 235 shares during the period. First Horizon Advisors Inc. raised its position in shares of CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 275 shares during the period. Brooklyn Investment Group acquired a new stake in shares of CMS Energy in the 3rd quarter valued at approximately $40,000. Finally, Larson Financial Group LLC raised its position in shares of CMS Energy by 2,900.0% in the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 696 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on CMS shares. Scotiabank increased their price target on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Morgan Stanley cut their price target on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Guggenheim reiterated a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Finally, Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

CMS Energy Price Performance

Shares of CMS opened at $72.83 on Friday. The stock has a market capitalization of $21.76 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a twelve month low of $56.61 and a twelve month high of $75.06. The company has a 50 day moving average of $69.04 and a 200-day moving average of $68.91. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last issued its quarterly 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 net margin of 13.35% and a return on equity of 12.02%. As a group, equities research analysts forecast that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were paid 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 dividend yield of 2.98%. The ex-dividend date was Friday, February 14th. CMS Energy’s dividend payout ratio (DPR) is currently 65.36%.

Insider Transactions at CMS Energy

In other news, Director John G. Russell sold 28,750 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the sale, the director now owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. This represents a 16.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the sale, the senior vice president now directly owns 71,931 shares of the company’s stock, valued at approximately $5,306,349.87. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,950 shares of company stock valued at $2,682,720 in the last ninety days. 0.53% of the stock is currently owned by corporate 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.