Swiss National Bank grew its holdings in CMS Energy Co. (NYSE:CMS) by 16.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,326,600 shares of the utilities provider’s stock after buying an additional 184,600 shares during the period. Swiss National Bank’s holdings in CMS Energy were worth $62,748,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of CMS Energy by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 21,476,208 shares of the utilities provider’s stock valued at $995,424,000 after buying an additional 694,563 shares during the last quarter. Bank of New York Mellon Corp increased its position in CMS Energy by 4.4% during the third quarter. Bank of New York Mellon Corp now owns 14,018,642 shares of the utilities provider’s stock worth $649,344,000 after purchasing an additional 596,628 shares during the last quarter. Capital International Investors increased its position in CMS Energy by 68.9% during the third quarter. Capital International Investors now owns 9,853,468 shares of the utilities provider’s stock worth $456,413,000 after purchasing an additional 4,018,068 shares during the last quarter. Legal & General Group Plc increased its position in CMS Energy by 4.8% during the third quarter. Legal & General Group Plc now owns 2,413,120 shares of the utilities provider’s stock worth $111,775,000 after purchasing an additional 109,515 shares during the last quarter. Finally, Jennison Associates LLC increased its position in CMS Energy by 5.8% during the fourth quarter. Jennison Associates LLC now owns 2,403,462 shares of the utilities provider’s stock worth $113,684,000 after purchasing an additional 132,516 shares during the last quarter. Institutional investors and hedge funds own 87.33% of the company’s stock.
CMS Energy Co. (NYSE:CMS) opened at $42.90 on Thursday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.59 and a current ratio of 0.94. The firm has a market cap of $12,100.00, a PE ratio of 22.23, a price-to-earnings-growth ratio of 2.88 and a beta of 0.09. CMS Energy Co. has a 12 month low of $40.48 and a 12 month high of $50.85.
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 dividend of $0.3575 per share. This represents a $1.43 annualized dividend and a yield of 3.33%. The ex-dividend date is Thursday, February 15th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.33. CMS Energy’s dividend payout ratio (DPR) is 68.91%.
Several equities research analysts recently issued reports on the stock. UBS Group assumed coverage on shares of CMS Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $49.00 price objective for the company. Morgan Stanley cut their price objective on shares of CMS Energy from $49.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday. Zacks Investment Research cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. SunTrust Banks restated a “hold” rating and set a $46.00 price objective on shares of CMS Energy in a research report on Tuesday, December 26th. Finally, Guggenheim restated a “hold” rating and set a $50.00 price objective on shares of CMS Energy in a research report on Wednesday, January 3rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $48.41.
In other CMS Energy news, insider David G. Mengebier sold 2,500 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $49.48, for a total transaction of $123,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.65% of the company’s stock.
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About CMS Energy
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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