Hartford Investment Management Co. Has $1.23 Million Stake in CMS Energy Co. (NYSE:CMS)

Hartford Investment Management Co. lessened its holdings in shares of CMS Energy Co. (NYSE:CMS) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 18,401 shares of the utilities provider’s stock after selling 630 shares during the quarter. Hartford Investment Management Co.’s holdings in CMS Energy were worth $1,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA boosted its stake in shares of CMS Energy by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock valued at $537,503,000 after buying an additional 719,093 shares during the period. Geode Capital Management LLC lifted its position in shares of CMS Energy by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock valued at $528,713,000 after acquiring an additional 105,062 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of CMS Energy by 0.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider’s stock worth $152,267,000 after purchasing an additional 18,403 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of CMS Energy by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock worth $128,715,000 after purchasing an additional 25,196 shares during the period. Finally, Brookfield Corp ON raised its stake in CMS Energy by 0.6% in the third quarter. Brookfield Corp ON now owns 1,199,811 shares of the utilities provider’s stock valued at $84,743,000 after purchasing an additional 7,142 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

CMS has been the topic of several recent analyst reports. Morgan Stanley decreased their target price on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Scotiabank lifted their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Guggenheim restated a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group assumed coverage on CMS Energy in a research report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.15.

CMS Energy Price Performance

CMS Energy stock opened at $68.88 on Friday. The company has a market capitalization of $20.58 billion, a PE ratio of 20.75, a P/E/G ratio of 2.48 and a beta of 0.42. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.94. The stock has a 50-day moving average price of $66.90 and a two-hundred day moving average price of $68.04. CMS Energy Co. has a 12 month low of $56.31 and a 12 month high of $72.40.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Analysts expect that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 17th will be paid a $0.5425 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.17 annualized dividend and a dividend yield of 3.15%. CMS Energy’s payout ratio is currently 62.05%.

Insider Activity at CMS Energy

In other CMS Energy news, Director John G. Russell sold 28,750 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the sale, the director now owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. This represents a 16.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $68.17, for a total transaction of $136,340.00. Following the completion of the transaction, the senior vice president now owns 64,771 shares in the company, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,386 shares of company stock worth $2,695,476 over the last three months. Company insiders own 0.40% of the company’s stock.

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.