Rockefeller Capital Management L.P. Grows Stock Holdings in CMS Energy Co. (NYSE:CMS)

Rockefeller Capital Management L.P. grew its holdings in shares of CMS Energy Co. (NYSE:CMS) by 552.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 566,025 shares of the utilities provider’s stock after purchasing an additional 479,336 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in CMS Energy were worth $39,978,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CMS. Massachusetts Financial Services Co. MA increased its stake in CMS Energy by 101.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock valued at $410,223,000 after purchasing an additional 3,473,977 shares during the last quarter. Raymond James & Associates increased its stake in shares of CMS Energy by 310.2% during the 3rd quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock valued at $79,519,000 after acquiring an additional 851,364 shares during the last quarter. iA Global Asset Management Inc. lifted its holdings in shares of CMS Energy by 105.9% during the 2nd quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock worth $92,623,000 after acquiring an additional 800,344 shares during the period. Railway Pension Investments Ltd purchased a new position in shares of CMS Energy during the 2nd quarter worth about $47,082,000. Finally, Renaissance Technologies LLC boosted its position in shares of CMS Energy by 155.2% in the second quarter. Renaissance Technologies LLC now owns 767,100 shares of the utilities provider’s stock worth $45,665,000 after acquiring an additional 466,500 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Trading Down 1.1 %

NYSE CMS opened at $69.74 on Friday. The stock has a market cap of $20.84 billion, a P/E ratio of 19.93, a PEG ratio of 2.81 and a beta of 0.41. The company’s fifty day simple moving average is $69.74 and its 200-day simple moving average is $65.73. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a 52 week low of $55.10 and a 52 week high of $72.40.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. Equities research analysts predict that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Wednesday, November 13th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is 58.86%.

Insiders Place Their Bets

In related news, CAO Scott B. Mcintosh sold 936 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the sale, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the transaction, the senior vice president now directly owns 64,771 shares in the company, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on CMS. StockNews.com downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Thursday. Scotiabank increased their target price on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. KeyCorp boosted their price target on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Morgan Stanley dropped their price target 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. Finally, Mizuho lowered CMS Energy from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $76.00 to $72.00 in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.21.

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.