Luminus Management LLC purchased a new position in CMS Energy Co. (NYSE:CMS) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 195,600 shares of the utilities provider’s stock, valued at approximately $9,252,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. HBK Investments L P grew its position in CMS Energy by 285.8% in the fourth quarter. HBK Investments L P now owns 89,500 shares of the utilities provider’s stock worth $4,233,000 after acquiring an additional 66,300 shares in the last quarter. California State Teachers Retirement System grew its position in CMS Energy by 0.3% in the fourth quarter. California State Teachers Retirement System now owns 477,527 shares of the utilities provider’s stock worth $22,587,000 after acquiring an additional 1,651 shares in the last quarter. Ellington Management Group LLC purchased a new position in CMS Energy in the fourth quarter worth about $582,000. Teachers Insurance & Annuity Association of America purchased a new position in CMS Energy in the fourth quarter worth about $716,000. Finally, Guggenheim Capital LLC grew its position in CMS Energy by 3.2% in the fourth quarter. Guggenheim Capital LLC now owns 1,022,703 shares of the utilities provider’s stock worth $48,373,000 after acquiring an additional 31,349 shares in the last quarter. Institutional investors own 88.32% of the company’s stock.
Shares of CMS Energy Co. (NYSE:CMS) opened at $43.09 on Tuesday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.65 and a current ratio of 0.89. CMS Energy Co. has a 12 month low of $40.48 and a 12 month high of $50.85. The firm has a market cap of $12,104.54, a P/E ratio of 26.27, a PEG ratio of 2.91 and a beta of 0.14.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th were paid a dividend of $0.3575 per share. This represents a $1.43 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend was Thursday, February 15th. This is an increase from CMS Energy’s previous quarterly dividend of $0.33. CMS Energy’s payout ratio is currently 87.20%.
In other news, SVP Catherine M. Reynolds sold 8,310 shares of CMS Energy stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.40, for a total transaction of $360,654.00. Following the completion of the sale, the senior vice president now owns 126,810 shares of the company’s stock, valued at $5,503,554. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.
Several research analysts have issued reports on the company. KeyCorp restated a “buy” rating and set a $51.50 target price on shares of CMS Energy in a research report on Friday, December 15th. Hilliard Lyons upgraded CMS Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, February 15th. Bank of America restated a “buy” rating and set a $49.00 target price (up previously from $48.00) on shares of CMS Energy in a research report on Monday, February 26th. TheStreet lowered CMS Energy from a “b” rating to a “c+” rating in a research report on Wednesday, February 14th. Finally, Morgan Stanley dropped their target price on CMS Energy from $49.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 13th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $48.29.
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About CMS Energy
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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