Catalyst Capital Advisors LLC Buys Shares of 1,088 CMS Energy Co. (NYSE:CMS)

Catalyst Capital Advisors LLC bought a new stake in CMS Energy Co. (NYSE:CMS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,088 shares of the utilities provider’s stock, valued at approximately $73,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMS. Massachusetts Financial Services Co. MA raised its position in 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 purchasing an additional 719,093 shares during the period. National Bank of Canada FI raised its holdings in shares of CMS Energy by 404.8% in the 3rd quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock valued at $63,053,000 after buying an additional 715,891 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of CMS Energy by 760.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider’s stock valued at $46,664,000 after buying an additional 618,767 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of CMS Energy by 552.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock valued at $39,978,000 after buying an additional 479,336 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of CMS Energy by 1,122.4% in the 3rd quarter. Janus Henderson Group PLC now owns 479,203 shares of the utilities provider’s stock valued at $33,845,000 after buying an additional 440,000 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

CMS has been the topic of several research analyst reports. Scotiabank boosted their price objective on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Jefferies Financial Group initiated coverage on CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective on the stock. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. BMO Capital Markets cut their price target on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Morgan Stanley cut their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $71.15.

CMS Energy Trading Up 1.1 %

NYSE:CMS opened at $69.54 on Wednesday. The stock has a 50-day simple moving average of $66.96 and a 200-day simple moving average of $68.14. The stock has a market cap of $20.78 billion, a P/E ratio of 20.95, a P/E/G ratio of 2.48 and a beta of 0.42. CMS Energy Co. has a 1 year low of $56.31 and a 1 year high of $72.40. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.83 and a current ratio of 1.23.

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

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 17th will be given a $0.5425 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a boost 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 3.12%. CMS Energy’s dividend payout ratio is 65.36%.

Insider Activity at CMS Energy

In related news, Director John G. Russell sold 28,750 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $9,486,285.15. This represents a 16.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the sale, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,386 shares of company stock valued at $2,559,136 in the last three months. 0.40% of the stock is currently owned by company insiders.

CMS Energy Company 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.