M&T Bank Corp increased its position in shares of CMS Energy Co. (NYSE:CMS) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,901 shares of the utilities provider’s stock after acquiring an additional 7,898 shares during the quarter. M&T Bank Corp’s holdings in CMS Energy were worth $6,548,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Reilly Financial Advisors LLC purchased a new position in CMS Energy during the fourth quarter valued at approximately $25,000. Clean Yield Group purchased a new position in CMS Energy during the fourth quarter valued at approximately $27,000. Advisors Preferred LLC purchased a new position in CMS Energy during the fourth quarter valued at approximately $31,000. Quantamental Technologies LLC purchased a new position in CMS Energy during the fourth quarter valued at approximately $55,000. Finally, Cerebellum GP LLC purchased a new position in CMS Energy during the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 92.79% of the company’s stock.
CMS stock opened at $52.95 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.94 and a debt-to-equity ratio of 2.23. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 3.31 and a beta of 0.19. CMS Energy Co. has a 12 month low of $40.48 and a 12 month high of $53.82.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Friday, February 1st will be given a $0.3825 dividend. This represents a $1.53 annualized dividend and a yield of 2.89%. This is an increase from CMS Energy’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, January 31st. CMS Energy’s payout ratio is currently 65.67%.
CMS has been the topic of a number of research analyst reports. Bank of America downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $53.00 to $52.00 in a research report on Friday, October 12th. They noted that the move was a valuation call. Zacks Investment Research raised shares of CMS Energy from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Friday, October 12th. ValuEngine raised shares of CMS Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Wolfe Research downgraded shares of CMS Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, October 26th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $50.00 price objective on shares of CMS Energy in a research report on Wednesday, November 7th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.91.
In other CMS Energy news, insider Brandon J. Hofmeister sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $51.88, for a total value of $25,940.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.57% of the company’s stock.
CMS Energy Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.
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