Elo Mutual Pension Insurance Co Boosts Holdings in CMS Energy Co. (NYSE:CMS)

Elo Mutual Pension Insurance Co increased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 19.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,793 shares of the utilities provider’s stock after buying an additional 5,266 shares during the period. Elo Mutual Pension Insurance Co’s holdings in CMS Energy were worth $2,119,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. BankPlus Trust Department acquired a new position in shares of CMS Energy in the fourth quarter worth $29,000. Richardson Financial Services Inc. boosted its holdings in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 235 shares during the period. Brooklyn Investment Group purchased a new position in CMS Energy in the third quarter valued at $40,000. Larson Financial Group LLC grew its stake in CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 696 shares in the last quarter. Finally, Robbins Farley purchased a new stake in CMS Energy during the 4th quarter worth about $62,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Up 1.4 %

CMS opened at $74.18 on Friday. The stock has a market capitalization of $22.16 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. CMS Energy Co. has a one year low of $56.61 and a one year high of $75.06. The business’s 50-day simple moving average is $70.47 and its 200-day simple moving average is $69.27.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data 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%. Analysts anticipate 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. Investors of record on Monday, February 17th were paid a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a yield of 2.93%. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio is currently 65.36%.

Insiders Place Their Bets

In related news, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Laura Wright sold 2,500 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the transaction, the director now owns 38,790 shares in the company, valued at $2,709,093.60. This trade represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,200 shares of company stock valued at $789,532. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group lifted their price objective on CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. Bank of America lifted their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. Finally, BMO Capital Markets raised their price target on CMS Energy from $73.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.36.

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.