Mn Services Vermogensbeheer B.V. Buys 1,900 Shares of CMS Energy Co. (NYSE:CMS)

Mn Services Vermogensbeheer B.V. lifted its stake in CMS Energy Co. (NYSE:CMS) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,769 shares of the utilities provider’s stock after purchasing an additional 1,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in CMS Energy were worth $7,583,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BankPlus Trust Department bought a new position in shares of CMS Energy in the fourth quarter worth about $29,000. Richardson Financial Services Inc. grew its holdings in shares of 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 purchasing an additional 235 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of 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 during the last quarter. Brooklyn Investment Group bought a new position in shares of CMS Energy in the third quarter worth about $40,000. Finally, Covestor Ltd grew its holdings in shares of CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 472 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on CMS shares. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Jefferies Financial Group started coverage on shares of CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price on the stock. Scotiabank increased their target price on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets decreased their price target on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Guggenheim reissued a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.69.

Insiders Place Their Bets

In other CMS Energy news, Director Laura Wright sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the transaction, the director now directly owns 38,790 shares of the company’s stock, valued at approximately $2,709,093.60. This trade represents a 6.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the sale, the chief accounting officer now directly owns 21,643 shares in the company, valued at $1,509,815.68. The trade was a 23.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,950 shares of company stock valued at $2,669,620. 0.40% of the stock is owned by insiders.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $73.04 on Friday. CMS Energy Co. has a 52 week low of $56.61 and a 52 week high of $73.37. 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 firm has a market capitalization of $21.82 billion, a P/E ratio of 22.00, a PEG ratio of 2.56 and a beta of 0.42. The company has a 50 day moving average price of $67.86 and a 200 day moving average price of $68.50.

CMS Energy (NYSE:CMS) last posted its quarterly 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 net margin of 13.35% and a return on equity of 12.02%. Sell-side analysts expect 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. Shareholders of record on Monday, February 17th were given a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, February 14th. 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 2.97%. CMS Energy’s dividend payout ratio (DPR) is currently 65.36%.

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.