Mitsubishi UFJ Trust & Banking Corp Sells 1,298 Shares of CMS Energy Co. (NYSE:CMS)

Mitsubishi UFJ Trust & Banking Corp lowered its position in CMS Energy Co. (NYSE:CMS) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 222,072 shares of the utilities provider’s stock after selling 1,298 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.07% of CMS Energy worth $14,801,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CMS. BankPlus Trust Department bought a new position in shares of CMS Energy during the 4th quarter worth $29,000. Richardson Financial Services Inc. lifted its stake in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 235 shares during the period. Brooklyn Investment Group bought a new position in CMS Energy during the 3rd quarter worth about $40,000. Larson Financial Group LLC increased its position in CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 696 shares during the period. Finally, Robbins Farley bought a new stake in shares of CMS Energy in the 4th quarter valued at about $62,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Trading Up 1.4 %

Shares of CMS Energy stock opened at $74.18 on Friday. CMS Energy Co. has a 12-month low of $56.61 and a 12-month high of $75.06. The firm’s 50 day simple moving average is $70.47 and its two-hundred day simple moving average is $69.27. 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 firm has a market capitalization of $22.16 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.56 and a beta of 0.35.

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

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio is 65.36%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CMS shares. BMO Capital Markets lifted their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, March 24th. Guggenheim reiterated a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Scotiabank upped their price objective on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Finally, UBS Group increased their price target on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.36.

Insiders Place Their Bets

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

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.