Brooklyn FI LLC Takes Position in CMS Energy Co. (NYSE:CMS)

Brooklyn FI LLC purchased a new position in CMS Energy Co. (NYSE:CMS) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 4,480 shares of the utilities provider’s stock, valued at approximately $308,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMS. Smith Group Asset Management LLC acquired a new stake in shares of CMS Energy in the 4th quarter valued at about $333,000. Meeder Advisory Services Inc. boosted its holdings in CMS Energy by 10.6% in the third quarter. Meeder Advisory Services Inc. now owns 11,925 shares of the utilities provider’s stock worth $842,000 after acquiring an additional 1,147 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in CMS Energy by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock valued at $537,503,000 after acquiring an additional 719,093 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of CMS Energy by 39.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider’s stock valued at $1,342,000 after acquiring an additional 5,662 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of CMS Energy by 49.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider’s stock worth $1,787,000 after purchasing an additional 8,927 shares during the period. 93.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Morgan Stanley reduced their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Scotiabank upped their target price on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim reiterated a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a research note on Friday, February 7th. Finally, Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

CMS Energy Stock Performance

CMS stock opened at $73.77 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The firm has a market cap of $22.04 billion, a PE ratio of 22.22, a P/E/G ratio of 2.56 and a beta of 0.35. The business has a 50 day moving average of $69.50 and a 200-day moving average of $69.04. CMS Energy Co. has a 12-month low of $56.61 and a 12-month high of $75.06.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, sell-side analysts expect 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. Shareholders of record on Monday, February 17th were paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 2.94%. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy’s payout ratio is presently 65.36%.

Insider Transactions at CMS Energy

In related news, Director Laura Wright sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the transaction, the director now directly owns 38,790 shares of the company’s stock, valued at approximately $2,709,093.60. This trade represents a 6.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the sale, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,200 shares of company stock worth $789,532 in the last quarter. Insiders own 0.40% 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.