Parametrica Management Ltd acquired a new position in CMS Energy Co. (NYSE:CMS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,893 shares of the utilities provider’s stock, valued at approximately $231,000.
A number of other hedge funds also recently bought and sold shares of the stock. Archford Capital Strategies LLC boosted its stake in shares of CMS Energy by 62.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,145 shares of the utilities provider’s stock worth $122,000 after buying an additional 438 shares during the last quarter. IHT Wealth Management LLC acquired a new position in shares of CMS Energy during the 2nd quarter worth about $310,000. Zions Bancorporation lifted its stake in CMS Energy by 8,255.2% in the 3rd quarter. Zions Bancorporation now owns 2,423 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 2,394 shares during the last quarter. Cerebellum GP LLC acquired a new stake in CMS Energy in the 4th quarter valued at about $122,000. Finally, IBM Retirement Fund acquired a new stake in CMS Energy in the 3rd quarter valued at about $205,000. Hedge funds and other institutional investors own 87.33% of the company’s stock.
CMS Energy Co. (NYSE CMS) traded down $0.18 during trading hours on Tuesday, hitting $42.70. 715,086 shares of the stock traded hands, compared to its average volume of 2,932,794. CMS Energy Co. has a one year low of $40.48 and a one year high of $50.85. The company has a market capitalization of $12,067.32, a P/E ratio of 22.22, a PEG ratio of 2.87 and a beta of 0.09. The company has a current ratio of 0.94, a quick ratio of 0.59 and a debt-to-equity ratio of 1.99.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be paid a $0.3575 dividend. This represents a $1.43 dividend on an annualized basis and a yield of 3.35%. This is a boost from CMS Energy’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Thursday, February 15th. CMS Energy’s payout ratio is presently 68.91%.
Several brokerages recently issued reports on CMS. Morgan Stanley cut their target price on shares of CMS Energy from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Tuesday. SunTrust Banks set a $44.00 target price on shares of CMS Energy and gave the stock a “hold” rating in a report on Monday. UBS Group started coverage on shares of CMS Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $49.00 price target on the stock. Zacks Investment Research upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Guggenheim restated a “hold” rating and issued a $50.00 target price on shares of CMS Energy in a research report on Wednesday, January 3rd. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $48.41.
In other CMS Energy news, insider David G. Mengebier sold 2,500 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $49.48, for a total value of $123,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.65% of the stock is owned by insiders.
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CMS Energy Company Profile
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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