CMS Energy Co. (NYSE:CMS) Stock Position Lowered by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lowered its position in shares of CMS Energy Co. (NYSE:CMS) by 13.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 563,806 shares of the utilities provider’s stock after selling 91,252 shares during the quarter. Miller Howard Investments Inc. NY owned 0.19% of CMS Energy worth $37,578,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CMS. Massachusetts Financial Services Co. MA boosted its position in shares of CMS Energy by 10.4% during the 3rd 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 in the last quarter. Geode Capital Management LLC boosted its holdings in CMS Energy by 1.4% during the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock worth $528,713,000 after buying an additional 105,062 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in CMS Energy by 0.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider’s stock worth $152,267,000 after buying an additional 18,403 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of CMS Energy by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock valued at $128,715,000 after buying an additional 25,196 shares in the last quarter. Finally, Brookfield Corp ON lifted its position in shares of CMS Energy by 0.6% during the 3rd quarter. Brookfield Corp ON now owns 1,199,811 shares of the utilities provider’s stock valued at $84,743,000 after acquiring an additional 7,142 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CMS Energy news, Director John G. Russell sold 28,750 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the sale, the director now owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This represents a 16.64 % 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, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,417 shares in the company, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,686 shares of company stock valued at $2,228,084 over the last three months. 0.40% of the stock is currently owned by insiders.

CMS Energy Stock Performance

Shares of CMS stock opened at $68.69 on Friday. CMS Energy Co. has a fifty-two week low of $55.10 and a fifty-two week high of $72.40. The stock’s 50-day moving average is $66.77 and its two-hundred day moving average is $67.85. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.23 and a quick ratio of 0.83. The firm has a market cap of $20.52 billion, a P/E ratio of 20.69, a PEG ratio of 2.48 and a beta of 0.42.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 17th will be issued a $0.5425 dividend. The ex-dividend date 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 yield of 3.16%. CMS Energy’s dividend payout ratio is currently 62.05%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Guggenheim restated a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a report on Friday. BMO Capital Markets reduced their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Jefferies Financial Group began coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target for the company. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, CMS Energy has an average rating of “Moderate Buy” and an average price target of $71.15.

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.