MML Investors Services LLC increased its stake in CMS Energy Co. (NYSE:CMS) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,962 shares of the utilities provider’s stock after buying an additional 1,709 shares during the period. MML Investors Services LLC’s holdings in CMS Energy were worth $1,039,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. bought a new stake in CMS Energy during the fourth quarter valued at $11,771,000. Delpha Capital Management LLC acquired a new position in shares of CMS Energy during the fourth quarter valued at $280,000. Geode Capital Management LLC boosted its holdings in shares of CMS Energy by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 3,010,781 shares of the utilities provider’s stock valued at $142,121,000 after acquiring an additional 116,409 shares during the period. Harwood Advisory Group LLC acquired a new position in shares of CMS Energy during the fourth quarter valued at $1,843,000. Finally, Amalgamated Bank boosted its holdings in shares of CMS Energy by 9.7% during the fourth quarter. Amalgamated Bank now owns 35,235 shares of the utilities provider’s stock valued at $1,667,000 after acquiring an additional 3,123 shares during the period. Hedge funds and other institutional investors own 88.32% of the company’s stock.
Shares of CMS Energy Co. (CMS) opened at $42.96 on Wednesday. The firm has a market cap of $12,169.50, a PE ratio of 26.20, a P/E/G ratio of 2.92 and a beta of 0.14. CMS Energy Co. has a 1-year low of $40.48 and a 1-year high of $50.85. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.89 and a quick ratio of 0.65.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th were issued a $0.3575 dividend. This represents a $1.43 dividend on an annualized basis and a yield of 3.33%. This is an increase from CMS Energy’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, February 15th. CMS Energy’s dividend payout ratio is presently 87.20%.
Several equities analysts have recently issued reports on CMS shares. Zacks Investment Research raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. KeyCorp reissued a “buy” rating and set a $51.50 price target on shares of CMS Energy in a report on Friday, December 15th. Morgan Stanley reissued an “equal weight” rating and set a $52.00 price target on shares of CMS Energy in a report on Wednesday, December 13th. Wells Fargo & Co raised shares of CMS Energy from a “market perform” rating to an “outperform” rating in a report on Monday, December 18th. Finally, TheStreet downgraded shares of CMS Energy from a “b” rating to a “c+” rating in a report on Wednesday, February 14th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $48.29.
In other CMS Energy news, SVP Catherine M. Reynolds sold 8,310 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $43.40, for a total value of $360,654.00. Following the completion of the sale, the senior vice president now directly owns 126,810 shares of the company’s stock, valued at approximately $5,503,554. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.65% of the stock is currently owned by corporate insiders.
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CMS Energy Profile
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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