AMF Tjanstepension AB Reduces Position in CMS Energy Co. (NYSE:CMS)

AMF Tjanstepension AB lessened its stake in shares of CMS Energy Co. (NYSE:CMS) by 84.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 121,251 shares of the utilities provider’s stock after selling 675,631 shares during the quarter. AMF Tjanstepension AB’s holdings in CMS Energy were worth $8,091,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CMS. Fisher Funds Management LTD purchased a new stake in shares of CMS Energy during the fourth quarter valued at approximately $53,904,000. Massachusetts Financial Services Co. MA boosted 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 purchasing an additional 719,093 shares during the period. National Bank of Canada FI boosted its stake in shares of CMS Energy by 404.8% during the third quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock valued at $63,053,000 after purchasing an additional 715,891 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of CMS Energy by 760.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider’s stock valued at $46,664,000 after purchasing an additional 618,767 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of CMS Energy by 552.9% during the third quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock valued at $39,978,000 after purchasing an additional 479,336 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Activity

In other news, 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 transaction, the director now directly owns 38,790 shares in the company, valued at $2,709,093.60. This trade represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 completion of the sale, the senior vice president now owns 63,197 shares of the company’s stock, valued at $4,248,102.34. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,950 shares of company stock worth $2,817,160 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CMS has been the subject of a number of research analyst reports. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. 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. Guggenheim reaffirmed 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 note on Wednesday, February 5th. Finally, Morgan Stanley dropped their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $73.12 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $21.85 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.56 and a beta of 0.35. The business has a fifty day simple moving average of $68.46 and a two-hundred day simple moving average of $68.74. CMS Energy Co. has a 12 month low of $56.61 and a 12 month high of $75.06.

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, beating 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 analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were issued a dividend of $0.5425 per share. The ex-dividend date was Friday, February 14th. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 2.97%. CMS Energy’s dividend payout ratio (DPR) is presently 65.36%.

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.