Siemens Fonds Invest GmbH Purchases 819 Shares of CMS Energy Co. (NYSE:CMS)

Siemens Fonds Invest GmbH raised its position in shares of CMS Energy Co. (NYSE:CMS) by 25.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,048 shares of the utilities provider’s stock after purchasing an additional 819 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in CMS Energy were worth $270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CMS. Price T Rowe Associates Inc. MD increased its stake in CMS Energy by 32.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider’s stock valued at $950,227,000 after purchasing an additional 3,486,074 shares in the last quarter. Norges Bank bought a new stake in shares of CMS Energy in the fourth quarter worth approximately $171,798,000. Massachusetts Financial Services Co. MA grew its stake in shares of CMS Energy by 28.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider’s stock worth $649,264,000 after acquiring an additional 2,131,269 shares during the period. Fisher Funds Management LTD bought a new stake in shares of CMS Energy in the fourth quarter worth approximately $53,904,000. Finally, Prudential Financial Inc. grew its stake in shares of CMS Energy by 207.9% in the fourth quarter. Prudential Financial Inc. now owns 1,115,524 shares of the utilities provider’s stock worth $74,350,000 after acquiring an additional 753,182 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, Director Laura Wright sold 2,500 shares of CMS Energy stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the transaction, the director now owns 38,790 shares of the company’s stock, valued at $2,709,093.60. The trade was a 6.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total transaction of $161,794.78. Following the transaction, the senior vice president now directly owns 69,571 shares in the company, valued at $5,121,121.31. This represents a 3.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,698 shares of company stock valued at $483,935 over the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

CMS Energy Stock Performance

CMS opened at $71.50 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The company has a market cap of $21.39 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 2.56 and a beta of 0.42. The company’s 50 day moving average is $72.63 and its 200 day moving average is $69.82. CMS Energy Co. has a 12-month low of $58.50 and a 12-month high of $76.45.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the firm earned $0.97 EPS. CMS Energy’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities research analysts predict that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy’s dividend payout ratio is currently 64.39%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. StockNews.com lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 9th. Wells Fargo & Company lifted their price target on shares of CMS Energy from $78.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. Guggenheim reiterated a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a research note on Friday, February 7th. Bank of America lifted their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. Finally, Jefferies Financial Group lifted their price target on shares of CMS Energy from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, CMS Energy currently has an average rating of “Moderate Buy” and an average price target of $77.25.

CMS Energy 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.