CMS Energy Co. (CMS) Position Lifted by Maple Brown Abbott Ltd
Maple Brown Abbott Ltd lifted its stake in CMS Energy Co. (NYSE:CMS) by 1.4% during the first quarter, Holdings Channel reports. The institutional investor owned 539,248 shares of the utilities provider’s stock after acquiring an additional 7,400 shares during the period. CMS Energy accounts for approximately 2.5% of Maple Brown Abbott Ltd’s portfolio, making the stock its 14th biggest position. Maple Brown Abbott Ltd’s holdings in CMS Energy were worth $29,955,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of CMS. MML Investors Services LLC boosted its stake in CMS Energy by 30.7% during the 4th quarter. MML Investors Services LLC now owns 14,284 shares of the utilities provider’s stock worth $709,000 after purchasing an additional 3,356 shares during the period. CI Investments Inc. acquired a new stake in CMS Energy during the 4th quarter worth $4,431,000. Bremer Trust National Association acquired a new stake in CMS Energy during the 4th quarter worth $55,000. Stevens Capital Management LP acquired a new stake in CMS Energy during the 1st quarter worth $4,603,000. Finally, GWM Advisors LLC boosted its stake in CMS Energy by 4.3% during the 4th quarter. GWM Advisors LLC now owns 245,012 shares of the utilities provider’s stock worth $12,165,000 after purchasing an additional 10,013 shares during the period. 92.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CMS stock traded up $0.17 during mid-day trading on Wednesday, hitting $56.02. The stock had a trading volume of 64,591 shares, compared to its average volume of 1,946,479. CMS Energy Co. has a fifty-two week low of $42.52 and a fifty-two week high of $56.54. The stock has a market capitalization of $16.02 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 3.54 and a beta of 0.18. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.92 and a current ratio of 1.13.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be issued a $0.3825 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.53 dividend on an annualized basis and a dividend yield of 2.73%. CMS Energy’s dividend payout ratio is presently 65.67%.
Several analysts have recently commented on CMS shares. Bank of America upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Thursday, April 11th. Zacks Investment Research upgraded shares of CMS Energy from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Wednesday, April 3rd. Argus raised their target price on shares of CMS Energy from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 22nd. Credit Suisse Group set a $58.00 target price on shares of CMS Energy and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, SunTrust Banks restated a “hold” rating and issued a $56.00 target price on shares of CMS Energy in a research note on Monday, February 25th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. CMS Energy currently has an average rating of “Buy” and an average price target of $54.77.
In other news, VP Glenn P. Barba sold 8,500 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $54.95, for a total value of $467,075.00. Following the completion of the transaction, the vice president now owns 28,555 shares in the company, valued at approximately $1,569,097.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John G. Russell sold 16,800 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $55.35, for a total transaction of $929,880.00. Following the completion of the transaction, the director now owns 299,196 shares of the company’s stock, valued at approximately $16,560,498.60. The disclosure for this sale can be found here. Insiders sold a total of 31,503 shares of company stock valued at $1,735,825 in the last quarter. Insiders own 0.52% of the company’s stock.
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CMS Energy Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.
Further Reading: Cash Flow Analysis in Stock Selection
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