Swiss National Bank Has $56.25 Million Stock Position in CMS Energy Co. (NYSE:CMS)

Swiss National Bank reduced its stake in shares of CMS Energy Co. (NYSE:CMS) by 4.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 844,000 shares of the utilities provider’s stock after selling 42,400 shares during the quarter. Swiss National Bank’s holdings in CMS Energy were worth $56,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. BankPlus Trust Department bought a new position in CMS Energy during the fourth quarter valued at about $29,000. Richardson Financial Services Inc. increased its position in shares of CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 235 shares during the period. First Horizon Advisors Inc. raised its stake in shares of CMS Energy by 171.9% in the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 275 shares in the last quarter. Brooklyn Investment Group bought a new position in CMS Energy in the third quarter worth $40,000. Finally, Larson Financial Group LLC boosted its stake in CMS Energy by 2,900.0% during the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock worth $48,000 after buying an additional 696 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

CMS Energy Trading Up 1.3 %

CMS opened at $72.83 on Friday. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $75.06. The firm has a 50-day moving average price of $69.04 and a two-hundred day moving average price of $68.92. The stock has a market capitalization of $21.76 billion, a PE ratio of 21.94, a PEG ratio of 2.56 and a beta of 0.35. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. As a group, equities analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were issued a $0.5425 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 14th. This represents a $2.17 annualized dividend and a yield of 2.98%. CMS Energy’s dividend payout ratio (DPR) is currently 65.36%.

Insider Buying and Selling

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the transaction, the senior vice president now owns 71,931 shares of the company’s stock, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Laura Wright sold 2,500 shares of the 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 completion of the transaction, the director now owns 38,790 shares in the company, valued at $2,709,093.60. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,950 shares of company stock worth $2,682,720 over the last three months. 0.53% of the stock is currently owned by company insiders.

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.