RWC Asset Management LLP Purchases 15,484 Shares of CMS Energy Co. (NYSE:CMS)

RWC Asset Management LLP lifted its position in CMS Energy Co. (NYSE:CMS) by 4.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 373,757 shares of the utilities provider’s stock after acquiring an additional 15,484 shares during the period. CMS Energy accounts for about 1.2% of RWC Asset Management LLP’s investment portfolio, making the stock its 28th largest holding. RWC Asset Management LLP owned about 0.13% of CMS Energy worth $24,911,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its holdings in CMS Energy by 171.9% in the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 275 shares in the last quarter. Richardson Financial Services Inc. grew its position in shares of CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after buying an additional 235 shares during the period. Brooklyn Investment Group bought a new position in shares of CMS Energy in the 3rd quarter worth about $40,000. Covestor Ltd lifted its position 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 acquiring an additional 472 shares during the period. Finally, Voisard Asset Management Group Inc. boosted its stake in CMS Energy by 25.7% during the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 163 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CMS has been the subject of a number of analyst reports. Scotiabank raised their target price on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Jefferies Financial Group started coverage on CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target on the stock. Guggenheim reiterated a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. BMO Capital Markets cut their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and an average price target of $71.69.

CMS Energy Stock Up 1.1 %

Shares of CMS Energy stock opened at $71.49 on Monday. CMS Energy Co. has a twelve month low of $56.31 and a twelve month high of $72.40. 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 company’s 50 day moving average is $67.22 and its 200 day moving average is $68.28. The company has a market cap of $21.36 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS) last released its quarterly 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%. Research analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be paid 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 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, February 14th. CMS Energy’s payout ratio is currently 65.36%.

Insider Activity

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the business’s stock in a transaction 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 completion of the sale, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at $1,509,815.68. The trade was a 23.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $67.22, for a total value of $134,440.00. Following the completion of the transaction, the senior vice president now directly owns 63,197 shares in the company, valued at approximately $4,248,102.34. This represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,950 shares of company stock valued at $2,669,620 in the last quarter. 0.40% of the stock is currently owned by insiders.

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.