Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in CMS Energy Co. (NYSE:CMS)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CMS Energy Co. (NYSE:CMS) by 9.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 78,132 shares of the utilities provider’s stock after purchasing an additional 6,572 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CMS Energy were worth $5,207,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CMS. BankPlus Trust Department purchased a new position in shares of CMS Energy in the fourth quarter worth $29,000. Richardson Financial Services Inc. increased its position in shares of CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 235 shares during the period. First Horizon Advisors Inc. raised its stake in CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 275 shares during the last quarter. Brooklyn Investment Group acquired a new stake in CMS Energy during the 3rd quarter worth about $40,000. Finally, Larson Financial Group LLC lifted its position in CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 696 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction that occurred on 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 sale, the director now directly owns 144,059 shares of the company’s stock, valued at $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the 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 transaction, the chief accounting officer now directly owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. This represents 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 have sold 39,950 shares of company stock worth $2,682,720. Insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CMS shares. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Morgan Stanley decreased their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Guggenheim reaffirmed a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Finally, Scotiabank increased their price target on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $73.00.

CMS Energy Stock Up 1.3 %

Shares of CMS opened at $72.83 on Friday. The firm has a market cap of $21.76 billion, a P/E ratio of 21.94, a PEG ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a 12 month low of $56.61 and a 12 month high of $75.06. The stock’s 50 day moving average is $69.04 and its two-hundred day moving average is $68.91. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping 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 business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were paid a $0.5425 dividend. The ex-dividend date was Friday, February 14th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a yield of 2.98%. CMS Energy’s dividend payout ratio (DPR) is currently 65.36%.

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.