Cbre Investment Management Listed Real Assets LLC Purchases 211,167 Shares of CMS Energy Co. (NYSE:CMS)

Cbre Investment Management Listed Real Assets LLC increased its position in CMS Energy Co. (NYSE:CMS) by 17.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,414,311 shares of the utilities provider’s stock after buying an additional 211,167 shares during the period. CMS Energy comprises approximately 1.7% of Cbre Investment Management Listed Real Assets LLC’s holdings, making the stock its 17th largest position. Cbre Investment Management Listed Real Assets LLC owned 0.47% of CMS Energy worth $94,264,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its holdings in CMS Energy by 10.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after buying an additional 719,093 shares during the period. Geode Capital Management LLC lifted its stake in CMS Energy by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock worth $528,713,000 after purchasing an additional 105,062 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in CMS Energy by 0.9% in 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 worth $152,267,000 after purchasing an additional 18,403 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 purchasing an additional 56,882 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in 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 purchasing an additional 147,540 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Scotiabank upped their target price 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. Guggenheim restated a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. Morgan Stanley decreased their target price 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. Finally, StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

CMS Energy Stock Down 1.6 %

Shares of NYSE CMS opened at $72.90 on Wednesday. The company has a market cap of $21.78 billion, a P/E ratio of 21.96, a PEG ratio of 2.56 and a beta of 0.42. The firm has a 50-day simple moving average of $68.13 and a two-hundred day simple moving average of $68.63. CMS Energy Co. has a 1 year low of $56.61 and a 1 year high of $75.06. 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 issued its earnings results 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%. Research analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were given a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.98%. CMS Energy’s dividend payout ratio (DPR) is 65.36%.

Insider Transactions at CMS Energy

In other news, Director John G. Russell sold 28,750 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the transaction, the director now directly owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. This trade represents a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Laura Wright sold 2,500 shares of CMS Energy 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 directly owns 38,790 shares in the company, valued at approximately $2,709,093.60. The trade was a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,950 shares of company stock valued at $2,669,620. 0.40% of the stock is currently owned by company insiders.

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.