Signaturefd LLC Grows Position in CMS Energy Co. (NYSE:CMS)

Signaturefd LLC increased its position in CMS Energy Co. (NYSE:CMS) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,752 shares of the utilities provider’s stock after buying an additional 220 shares during the quarter. Signaturefd LLC’s holdings in CMS Energy were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its position in shares of CMS Energy by 10.4% in 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 acquiring an additional 719,093 shares during the period. Geode Capital Management LLC increased its holdings in CMS Energy by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock valued at $528,713,000 after purchasing an additional 105,062 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in CMS Energy by 0.9% during the 3rd 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 valued at $152,267,000 after purchasing an additional 18,403 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in CMS Energy by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,879,271 shares of the utilities provider’s stock worth $125,253,000 after buying an additional 56,882 shares during the period. Finally, Truist Financial Corp grew its position in shares of CMS Energy by 10.0% in the 4th quarter. Truist Financial Corp now owns 1,621,562 shares of the utilities provider’s stock worth $108,077,000 after buying an additional 147,540 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of research analyst reports. Scotiabank raised their price target on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Morgan Stanley dropped their target price 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. Guggenheim reissued a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a research note on Friday, February 7th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, UBS Group increased their target price on CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.36.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $73.49 on Friday. CMS Energy Co. has a 1 year low of $56.61 and a 1 year high of $75.06. The firm’s 50-day moving average is $69.81 and its 200 day moving average is $69.11. The stock has a market cap of $21.96 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.56 and a beta of 0.35. 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 quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Sell-side analysts anticipate 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 $0.5425 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.17 annualized dividend and a dividend yield of 2.95%. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s payout ratio is currently 65.36%.

Insider Activity

In related news, Director Laura Wright sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the transaction, the director now owns 38,790 shares in the company, valued at $2,709,093.60. This represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the sale, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,200 shares of company stock valued at $789,532 over the last ninety days. 0.40% 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.