Principal Securities Inc. Takes Position in CMS Energy Co. (NYSE:CMS)

Principal Securities Inc. acquired a new stake in CMS Energy Co. (NYSE:CMS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,057 shares of the utilities provider’s stock, valued at approximately $61,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMS. American Century Companies Inc. increased its position in CMS Energy by 6,027.8% in the 3rd quarter. American Century Companies Inc. now owns 1,740,776 shares of the utilities provider’s stock valued at $92,453,000 after buying an additional 1,712,368 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in CMS Energy by 1,392.3% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 911,833 shares of the utilities provider’s stock valued at $52,561,000 after buying an additional 850,731 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in CMS Energy by 23.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,054,137 shares of the utilities provider’s stock valued at $162,205,000 after buying an additional 570,800 shares in the last quarter. FMR LLC increased its position in CMS Energy by 172.0% in the 3rd quarter. FMR LLC now owns 855,410 shares of the utilities provider’s stock valued at $45,431,000 after buying an additional 540,865 shares in the last quarter. Finally, Aviva PLC increased its position in CMS Energy by 10,084.8% in the 3rd quarter. Aviva PLC now owns 436,112 shares of the utilities provider’s stock valued at $23,162,000 after buying an additional 431,830 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group lowered CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a research report on Thursday, April 4th. Guggenheim raised CMS Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $64.00 in a report on Friday, February 2nd. Scotiabank decreased their price objective on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. JPMorgan Chase & Co. boosted their price objective on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, March 13th. Finally, Barclays boosted their price objective on CMS Energy from $57.00 to $59.00 and gave the stock 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 issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $63.92.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brian F. Rich sold 2,000 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total transaction of $122,200.00. Following the sale, the senior vice president now owns 97,682 shares in the company, valued at $5,968,370.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by company insiders.

CMS Energy Price Performance

CMS Energy stock opened at $60.88 on Friday. CMS Energy Co. has a 12 month low of $49.87 and a 12 month high of $63.76. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.82. The business’s 50 day simple moving average is $60.17 and its 200 day simple moving average is $58.47. The company has a market cap of $18.14 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.49 and a beta of 0.37.

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

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.515 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $2.06 annualized dividend and a yield of 3.38%. CMS Energy’s payout ratio is 62.80%.

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.