Goldman Sachs Group Inc. Raises Stock Position in CMS Energy Co. (NYSE:CMS)

Goldman Sachs Group Inc. boosted its position in CMS Energy Co. (NYSE:CMS) by 30.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,149,298 shares of the utilities provider’s stock after purchasing an additional 742,390 shares during the quarter. Goldman Sachs Group Inc.’s holdings in CMS Energy were worth $182,880,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CMS. CI Investments Inc. raised its position in shares of CMS Energy by 3.0% in the third quarter. CI Investments Inc. now owns 6,415 shares of the utilities provider’s stock worth $341,000 after buying an additional 185 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of CMS Energy by 30.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 185 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of CMS Energy by 0.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 20,607 shares of the utilities provider’s stock worth $1,228,000 after purchasing an additional 192 shares in the last quarter. Parallel Advisors LLC increased its position in shares of CMS Energy by 19.8% in the fourth quarter. Parallel Advisors LLC now owns 1,458 shares of the utilities provider’s stock worth $85,000 after purchasing an additional 241 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its position in shares of CMS Energy by 0.3% in the fourth quarter. IFM Investors Pty Ltd now owns 97,475 shares of the utilities provider’s stock worth $5,660,000 after purchasing an additional 269 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of research reports. KeyCorp boosted their price target on shares of CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. JPMorgan Chase & Co. increased their target price on CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. Royal Bank of Canada dropped their price target on CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, March 4th. BMO Capital Markets upped their price objective on CMS Energy from $68.00 to $71.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, Barclays raised their price objective on CMS Energy from $57.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $64.27.

CMS Energy Trading Down 0.2 %

CMS traded down $0.10 on Friday, hitting $59.65. 3,655,873 shares of the company were exchanged, compared to its average volume of 2,130,866. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.05 and a current ratio of 1.35. CMS Energy Co. has a 12 month low of $49.87 and a 12 month high of $63.76. The firm has a fifty day simple moving average of $60.82 and a two-hundred day simple moving average of $59.01. The stock has a market capitalization of $17.78 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.37 and a beta of 0.40.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.05. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the business earned $0.70 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis. Sell-side analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.515 per share. The ex-dividend date was Tuesday, May 14th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.45%. CMS Energy’s dividend payout ratio is currently 62.80%.

Insider Buying and Selling

In other CMS Energy news, Director Jon E. Barfield sold 2,360 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $60.79, for a total transaction of $143,464.40. Following the completion of the transaction, the director now owns 14,556 shares of the company’s stock, valued at approximately $884,859.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other CMS Energy news, Director Jon E. Barfield sold 2,360 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $60.79, for a total transaction of $143,464.40. Following the transaction, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $884,859.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Brian F. Rich sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total transaction of $122,200.00. Following the completion of the sale, the senior vice president now directly owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

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.