Inceptionr LLC Buys New Shares in CMS Energy Co. (NYSE:CMS)

Inceptionr LLC bought a new stake in CMS Energy Co. (NYSE:CMS) during the fourth quarter, HoldingsChannel reports. The firm bought 17,876 shares of the utilities provider’s stock, valued at approximately $1,191,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA grew its holdings in CMS Energy by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after purchasing an additional 719,093 shares during the period. Geode Capital Management LLC grew its holdings in CMS Energy by 1.4% during the third 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in CMS Energy by 0.9% during the third 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 during the period. Charles Schwab Investment Management Inc. grew its holdings in CMS Energy by 3.1% during the fourth 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 during the period. Finally, Truist Financial Corp grew its holdings in CMS Energy by 10.0% during the fourth 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 during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CMS. Scotiabank lifted their price target on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley reduced their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Finally, Guggenheim restated a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $72.42.

CMS Energy Trading Down 1.1 %

Shares of CMS stock opened at $71.58 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The stock has a market cap of $21.39 billion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42. The stock has a 50 day simple moving average of $68.34 and a 200 day simple moving average of $68.68. CMS Energy Co. has a 1 year low of $56.61 and a 1 year high of $75.06.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) 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%. On average, research analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were given a dividend of $0.5425 per share. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy’s payout ratio is currently 65.36%.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, Director John G. Russell sold 28,750 shares of the business’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 completion of the transaction, the director now directly owns 144,059 shares in the company, valued at $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,950 shares of company stock worth $2,817,160 over the last three months. Corporate insiders own 0.40% of the company’s stock.

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.