NEOS Investment Management LLC Grows Stock Position in CMS Energy Co. (NYSE:CMS)

NEOS Investment Management LLC increased its stake in shares of CMS Energy Co. (NYSE:CMS) by 30.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,043 shares of the utilities provider’s stock after purchasing an additional 3,730 shares during the quarter. NEOS Investment Management LLC’s holdings in CMS Energy were worth $1,069,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMS. Cerity Partners LLC lifted its stake in shares of CMS Energy by 35.5% in the 3rd quarter. Cerity Partners LLC now owns 26,566 shares of the utilities provider’s stock worth $1,876,000 after acquiring an additional 6,959 shares during the period. Private Trust Co. NA lifted its position in CMS Energy by 25.6% in the third quarter. Private Trust Co. NA now owns 982 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 200 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in CMS Energy by 1.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 189,442 shares of the utilities provider’s stock valued at $13,380,000 after purchasing an additional 2,331 shares in the last quarter. Brooklyn Investment Group acquired a new position in CMS Energy during the 3rd quarter worth approximately $40,000. Finally, Glenmede Trust Co. NA increased its position in CMS Energy by 123.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 49,812 shares of the utilities provider’s stock worth $3,518,000 after purchasing an additional 27,528 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Trading Up 1.4 %

Shares of CMS Energy stock opened at $74.18 on Friday. CMS Energy Co. has a 1 year low of $56.61 and a 1 year high of $75.06. 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 business has a 50 day moving average price of $70.47 and a 200 day moving average price of $69.27. The company has a market capitalization of $22.16 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Sell-side analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were paid a dividend of $0.5425 per share. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Friday, February 14th. CMS Energy’s dividend payout ratio (DPR) is currently 65.36%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. UBS Group lifted their price target on CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Scotiabank upped their price target on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Finally, Bank of America lifted their price target on shares of CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, March 24th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, CMS Energy has an average rating of “Moderate Buy” and a consensus price target of $75.36.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the sale, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laura Wright sold 2,500 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $2,709,093.60. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,200 shares of company stock worth $789,532 over the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

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.