Healthcare of Ontario Pension Plan Trust Fund increased its stake in CMS Energy Corporation (NYSE:CMS – Free Report) by 497.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 624,253 shares of the utilities provider’s stock after buying an additional 519,723 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in CMS Energy were worth $48,430,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of CMS. Quadrant Capital Group LLC lifted its position in CMS Energy by 3.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,259 shares of the utilities provider’s stock worth $298,000 after acquiring an additional 137 shares in the last quarter. Hantz Financial Services Inc. grew its position in CMS Energy by 1.5% in the fourth quarter. Hantz Financial Services Inc. now owns 9,467 shares of the utilities provider’s stock valued at $662,000 after acquiring an additional 143 shares in the last quarter. Florida Financial Advisors LLC raised its stake in shares of CMS Energy by 4.9% during the fourth quarter. Florida Financial Advisors LLC now owns 3,174 shares of the utilities provider’s stock valued at $220,000 after purchasing an additional 149 shares during the period. Cim LLC raised its stake in shares of CMS Energy by 0.8% during the third quarter. Cim LLC now owns 19,038 shares of the utilities provider’s stock valued at $1,395,000 after purchasing an additional 152 shares during the period. Finally, Norinchukin Bank The lifted its position in shares of CMS Energy by 0.9% during the third quarter. Norinchukin Bank The now owns 18,258 shares of the utilities provider’s stock worth $1,338,000 after purchasing an additional 156 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.
CMS Energy Stock Performance
Shares of CMS Energy stock opened at $74.83 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.66 and a current ratio of 0.84. CMS Energy Corporation has a 1 year low of $68.64 and a 1 year high of $80.36. The firm’s 50-day simple moving average is $74.22 and its 200-day simple moving average is $74.69. The firm has a market cap of $23.12 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 2.71 and a beta of 0.35.
CMS Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 7th. CMS Energy’s dividend payout ratio (DPR) is currently 62.98%.
Insider Activity at CMS Energy
In other news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total value of $222,930.00. Following the completion of the transaction, the senior vice president owned 67,111 shares in the company, valued at approximately $4,987,018.41. This trade represents a 4.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.
Wall Street Analyst Weigh In
CMS has been the subject of a number of recent analyst reports. Jefferies Financial Group set a $78.00 price target on shares of CMS Energy in a report on Thursday, July 16th. KeyCorp lowered shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a report on Thursday. Truist Financial decreased their price objective on shares of CMS Energy from $86.00 to $83.00 and set a “buy” rating for the company in a research report on Monday, May 18th. BMO Capital Markets raised their target price on CMS Energy from $81.00 to $86.00 and gave the company an “outperform” rating in a research note on Monday, July 20th. Finally, Wells Fargo & Company set a $80.00 target price on CMS Energy in a research report on Tuesday, April 21st. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and an average target price of $81.33.
View Our Latest Stock Report on CMS
CMS Energy Profile
CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.
Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.
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