Mitsubishi UFJ Asset Management Co. Ltd. Purchases 46,269 Shares of CMS Energy Co. (NYSE:CMS)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in CMS Energy Co. (NYSE:CMS) by 10.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 478,444 shares of the utilities provider’s stock after acquiring an additional 46,269 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of CMS Energy worth $31,869,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMS. BankPlus Trust Department bought a new stake in CMS Energy in the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. grew its position in shares of CMS Energy by 106.8% during 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 acquired a new position in shares of CMS Energy during the 3rd quarter valued at $40,000. Larson Financial Group LLC boosted its stake in CMS Energy by 2,900.0% during the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 696 shares in the last quarter. Finally, Robbins Farley acquired a new stake in CMS Energy in the fourth quarter worth $62,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the sale, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the transaction, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,200 shares of company stock valued at $789,532. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Guggenheim reiterated a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. BMO Capital Markets upped their target price on CMS Energy from $73.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, March 24th. Finally, UBS Group lifted 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.36.

CMS Energy Price Performance

CMS opened at $74.18 on Friday. CMS Energy Co. has a 1 year low of $56.61 and a 1 year high of $75.06. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The company has a market capitalization of $22.16 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 2.56 and a beta of 0.35. The firm’s fifty day moving average price is $70.47 and its two-hundred day moving average price is $69.27.

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, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. As a group, analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current fiscal 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 dividend of $0.5425 per share. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy’s dividend payout ratio (DPR) is 65.36%.

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.