Achmea Investment Management B.V. Increases Stock Holdings in CMS Energy Co. (NYSE:CMS)

Achmea Investment Management B.V. lifted its stake in shares of CMS Energy Co. (NYSE:CMS) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,702 shares of the utilities provider’s stock after buying an additional 2,882 shares during the quarter. Achmea Investment Management B.V.’s holdings in CMS Energy were worth $1,846,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Atria Investments Inc grew its stake in CMS Energy by 1.3% during the 3rd quarter. Atria Investments Inc now owns 22,534 shares of the utilities provider’s stock valued at $1,592,000 after purchasing an additional 287 shares in the last quarter. Covestor Ltd grew its stake in CMS Energy by 206.1% during the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 472 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in CMS Energy by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 722,688 shares of the utilities provider’s stock valued at $51,043,000 after purchasing an additional 9,614 shares in the last quarter. Huntington National Bank grew its stake in CMS Energy by 2.5% during the 3rd quarter. Huntington National Bank now owns 11,650 shares of the utilities provider’s stock valued at $823,000 after purchasing an additional 280 shares in the last quarter. Finally, Zions Bancorporation N.A. grew its stake in CMS Energy by 25.2% during the 3rd quarter. Zions Bancorporation N.A. now owns 5,931 shares of the utilities provider’s stock valued at $419,000 after purchasing an additional 1,192 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on CMS. Guggenheim restated a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. Scotiabank raised their price objective on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Morgan Stanley decreased their target price on 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. Finally, StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

CMS Energy Stock Up 1.3 %

Shares of CMS Energy stock opened at $72.83 on Friday. The business’s fifty day moving average price is $69.04 and its two-hundred day moving average price is $68.91. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The company has a market capitalization of $21.76 billion, a P/E ratio of 21.94, a PEG ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $75.06.

CMS Energy (NYSE:CMS) last announced its 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%. As a group, research analysts forecast that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were paid a dividend of $0.5425 per share. The ex-dividend date was Friday, February 14th. This represents a $2.17 annualized dividend and a yield of 2.98%. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s payout ratio is presently 65.36%.

Insider Buying and Selling at CMS Energy

In related news, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the transaction, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John G. Russell sold 28,750 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the transaction, the director now directly owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,950 shares of company stock valued at $2,682,720 in the last quarter. Corporate insiders own 0.53% of the company’s stock.

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.