Intech Investment Management LLC Has $2.66 Million Stake in CMS Energy Co. (NYSE:CMS)

Intech Investment Management LLC reduced its stake in CMS Energy Co. (NYSE:CMS) by 76.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,964 shares of the utilities provider’s stock after selling 131,703 shares during the quarter. Intech Investment Management LLC’s holdings in CMS Energy were worth $2,664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pallas Capital Advisors LLC raised its position in CMS Energy by 4.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock valued at $297,000 after buying an additional 173 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in CMS Energy by 5.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock valued at $256,000 after buying an additional 187 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its position in CMS Energy by 1.3% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock valued at $1,107,000 after buying an additional 200 shares during the last quarter. Private Trust Co. NA raised its position in CMS Energy by 25.6% in the 3rd quarter. Private Trust Co. NA now owns 982 shares of the utilities provider’s stock valued at $69,000 after buying an additional 200 shares during the last quarter. Finally, Mather Group LLC. raised its position in CMS Energy by 5.8% in the 4th quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider’s stock valued at $266,000 after buying an additional 220 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CMS. Morgan Stanley lowered their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Guggenheim reaffirmed a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Scotiabank raised their target price on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Six equities 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, CMS Energy has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Insider Activity at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the transaction, the chief accounting officer now directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laura Wright sold 2,500 shares of CMS Energy stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 in the company, valued at $2,709,093.60. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,200 shares of company stock valued at $789,532. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Stock Up 0.4 %

Shares of NYSE CMS opened at $73.77 on Thursday. CMS Energy Co. has a 52 week low of $56.61 and a 52 week high of $75.06. The business has a 50-day simple moving average of $69.50 and a two-hundred day simple moving average of $69.04. 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 has a market cap of $22.04 billion, a P/E ratio of 22.22, a P/E/G ratio of 2.56 and a beta of 0.35.

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 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%. Research 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were issued a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.94%. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 14th. CMS Energy’s dividend payout ratio (DPR) is currently 65.36%.

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.