AMF Tjanstepension AB Acquires 271,450 Shares of CMS Energy Co. (NYSE:CMS)

AMF Tjanstepension AB raised its holdings in shares of CMS Energy Co. (NYSE:CMS) by 150.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 452,333 shares of the utilities provider’s stock after buying an additional 271,450 shares during the quarter. AMF Tjanstepension AB owned about 0.15% of CMS Energy worth $27,329,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in CMS Energy by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,680,374 shares of the utilities provider’s stock valued at $97,579,000 after purchasing an additional 40,302 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of CMS Energy by 68.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider’s stock valued at $3,721,000 after buying an additional 26,034 shares during the period. Dimensional Fund Advisors LP grew its position in CMS Energy by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,038,851 shares of the utilities provider’s stock worth $60,326,000 after buying an additional 18,636 shares in the last quarter. Hsbc Holdings PLC increased its stake in CMS Energy by 132.8% during the fourth quarter. Hsbc Holdings PLC now owns 1,071,473 shares of the utilities provider’s stock valued at $62,100,000 after acquiring an additional 611,282 shares during the period. Finally, 1832 Asset Management L.P. raised its holdings in CMS Energy by 17.6% in the 4th quarter. 1832 Asset Management L.P. now owns 1,506,680 shares of the utilities provider’s stock valued at $87,493,000 after acquiring an additional 225,872 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMS has been the topic of several recent research reports. BMO Capital Markets lifted their price objective on CMS Energy from $68.00 to $71.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Morgan Stanley dropped their price objective on shares of CMS Energy from $61.00 to $58.00 and set an “equal weight” rating for the company in a research note on Monday. Scotiabank reduced their price objective on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. Royal Bank of Canada lowered their target price on shares of CMS Energy from $65.00 to $63.00 and set an “outperform” rating on the stock in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.20.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,667 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $59.98, for a total value of $99,986.66. Following the transaction, the senior vice president now directly owns 68,330 shares in the company, valued at approximately $4,098,433.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,667 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $59.98, for a total transaction of $99,986.66. Following the completion of the sale, the senior vice president now directly owns 68,330 shares of the company’s stock, valued at approximately $4,098,433.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jon E. Barfield sold 2,360 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $60.79, for a total transaction of $143,464.40. Following the completion of the transaction, the director now directly owns 14,556 shares in the company, valued at approximately $884,859.24. The disclosure for this sale can be found here. Insiders sold a total of 6,027 shares of company stock valued at $365,651 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Price Performance

NYSE CMS traded down $0.43 during trading hours on Friday, reaching $59.53. 3,101,730 shares of the company’s stock were exchanged, compared to its average volume of 2,453,664. The firm has a fifty day moving average of $61.07 and a 200-day moving average of $59.12. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.82. CMS Energy Co. has a one year low of $49.87 and a one year high of $63.76. The stock has a market cap of $17.74 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 2.37 and a beta of 0.40.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.70 earnings per share. On average, equities research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.515 per share. The ex-dividend date was Tuesday, May 14th. This represents a $2.06 annualized dividend and a dividend yield of 3.46%. CMS Energy’s dividend payout ratio (DPR) is currently 62.80%.

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.