Ninepoint Partners LP Acquires 3,113 Shares of CMS Energy Co. (NYSE:CMS)

Ninepoint Partners LP grew its holdings in CMS Energy Co. (NYSE:CMS) by 20.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,535 shares of the utilities provider’s stock after acquiring an additional 3,113 shares during the quarter. Ninepoint Partners LP’s holdings in CMS Energy were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CMS. Fisher Funds Management LTD bought a new stake in shares of CMS Energy in the fourth quarter valued at approximately $53,904,000. Massachusetts Financial Services Co. MA boosted its position in shares of CMS Energy by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock valued at $537,503,000 after acquiring an additional 719,093 shares during the period. National Bank of Canada FI boosted its position in shares of CMS Energy by 404.8% in the third quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock valued at $63,053,000 after acquiring an additional 715,891 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of CMS Energy by 760.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider’s stock valued at $46,664,000 after acquiring an additional 618,767 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in shares of CMS Energy by 552.9% in the third quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock valued at $39,978,000 after acquiring an additional 479,336 shares during the period. 93.57% of the stock is owned by institutional investors.

CMS Energy Stock Performance

CMS Energy stock opened at $72.83 on Friday. 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 stock has a fifty day moving average price of $69.04 and a two-hundred day moving average price of $68.92. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $75.06. The firm has a market capitalization of $21.76 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating 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%. As a group, analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were paid a $0.5425 dividend. The ex-dividend date 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 dividend yield of 2.98%. CMS Energy’s dividend payout ratio (DPR) is 65.36%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Guggenheim reaffirmed a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. Scotiabank raised their target price on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Morgan Stanley reduced their target price on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Insider Activity

In other news, Director John G. Russell sold 28,750 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the sale, the director now directly owns 144,059 shares in the company, valued at approximately $9,486,285.15. This trade represents a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,950 shares of company stock worth $2,682,720. 0.53% of the stock is owned by corporate insiders.

CMS Energy 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.