Miller Howard Investments Inc. NY Has $37.58 Million Holdings in CMS Energy Co. (NYSE:CMS)

Miller Howard Investments Inc. NY decreased its stake in CMS Energy Co. (NYSE:CMS) by 13.9% during the 4th quarter, HoldingsChannel reports. The fund owned 563,806 shares of the utilities provider’s stock after selling 91,252 shares during the period. Miller Howard Investments Inc. NY’s holdings in CMS Energy were worth $37,578,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Richardson Financial Services Inc. grew its position in CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 235 shares during the last quarter. First Horizon Advisors Inc. grew its position in CMS Energy by 171.9% during the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after buying an additional 275 shares in the last quarter. Brooklyn Investment Group bought a new position in CMS Energy during the third quarter valued at about $40,000. Covestor Ltd raised its holdings in CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 472 shares in the last quarter. Finally, Values First Advisors Inc. bought a new stake in shares of CMS Energy in the 3rd quarter worth approximately $56,000. Institutional investors own 93.57% of the company’s stock.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the transaction, the senior vice president now directly owns 64,771 shares in the company, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the sale, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,686 shares of company stock valued at $2,228,084. 0.40% of the stock is currently owned by corporate insiders.

CMS Energy Price Performance

Shares of CMS stock opened at $68.69 on Friday. CMS Energy Co. has a 52 week low of $55.10 and a 52 week high of $72.40. The stock has a market capitalization of $20.52 billion, a PE ratio of 20.69, a PEG ratio of 2.48 and a beta of 0.42. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.83 and a current ratio of 1.23. The stock’s fifty day moving average is $66.77 and its 200-day moving average is $67.85.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping 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%. Equities research analysts expect that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business 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 $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.16%. The ex-dividend date is Friday, February 14th. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s payout ratio is 62.05%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CMS shares. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday. Guggenheim restated a “neutral” rating and issued a $69.00 price objective on shares of CMS Energy in a research note on Friday. Jefferies Financial Group began coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price on the stock. Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Finally, Scotiabank raised their price target on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and an average price target of $71.15.

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.