TD Waterhouse Canada Inc. Raises Holdings in CMS Energy Co. (NYSE:CMS)

TD Waterhouse Canada Inc. raised its position in shares of CMS Energy Co. (NYSE:CMS) by 46.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,191 shares of the utilities provider’s stock after acquiring an additional 376 shares during the period. TD Waterhouse Canada Inc.’s holdings in CMS Energy were worth $79,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMS. BankPlus Trust Department purchased a new stake in shares of CMS Energy during the 4th quarter worth about $29,000. Richardson Financial Services Inc. increased its position in shares of CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 235 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of CMS Energy by 2,900.0% in the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 696 shares during the period. Mizuho Bank Ltd. purchased a new stake in CMS Energy during the 4th quarter worth $61,000. Finally, Robbins Farley acquired a new stake in CMS Energy in the 4th quarter valued at $62,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Scotiabank reaffirmed an “outperform” rating on shares of CMS Energy in a research report on Friday. Wells Fargo & Company increased their price objective on shares of CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday. Jefferies Financial Group lifted their price objective on shares of CMS Energy from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, April 21st. Bank of America upped their target price on shares of CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, March 24th. Finally, Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $76.55.

CMS Energy Stock Down 2.6 %

NYSE:CMS opened at $72.21 on Monday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The company has a market capitalization of $21.58 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34. CMS Energy Co. has a one year low of $58.50 and a one year high of $76.45. The stock has a 50-day simple moving average of $72.73 and a 200 day simple moving average of $69.67.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.03). CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. Sell-side analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be given a $0.5425 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.01%. CMS Energy’s payout ratio is currently 64.39%.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the transaction, the senior vice president now directly owns 71,931 shares in the company, valued at $5,306,349.87. This represents a 2.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the sale, the chief accounting officer now owns 21,643 shares in the company, valued at $1,509,815.68. The trade was a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,200 shares of company stock valued at $789,532. Company insiders own 0.40% of the company’s stock.

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.