CMS Energy Co. (CMS) Shares Bought by Scout Investments Inc.
Scout Investments Inc. boosted its stake in CMS Energy Co. (NYSE:CMS) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,606,429 shares of the utilities provider’s stock after purchasing an additional 154,391 shares during the period. CMS Energy comprises about 2.0% of Scout Investments Inc.’s holdings, making the stock its 5th largest holding. Scout Investments Inc. owned about 0.57% of CMS Energy worth $79,759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. First Hawaiian Bank increased its position in shares of CMS Energy by 344.6% during the fourth quarter. First Hawaiian Bank now owns 5,482 shares of the utilities provider’s stock worth $272,000 after buying an additional 4,249 shares during the period. State of Alaska Department of Revenue increased its position in shares of CMS Energy by 123.0% during the fourth quarter. State of Alaska Department of Revenue now owns 297,300 shares of the utilities provider’s stock worth $14,759,000 after buying an additional 163,971 shares during the period. Cerebellum GP LLC acquired a new stake in shares of CMS Energy during the fourth quarter worth $57,000. Belpointe Asset Management LLC acquired a new stake in shares of CMS Energy during the third quarter worth $243,000. Finally, Vanguard Group Inc increased its position in shares of CMS Energy by 2.2% during the third quarter. Vanguard Group Inc now owns 33,531,947 shares of the utilities provider’s stock worth $1,643,065,000 after buying an additional 723,850 shares during the period. 92.83% of the stock is owned by institutional investors and hedge funds.
Shares of CMS Energy stock traded down $0.09 during trading hours on Friday, reaching $49.73. The company’s stock had a trading volume of 1,910,372 shares, compared to its average volume of 2,560,900. CMS Energy Co. has a one year low of $40.48 and a one year high of $53.82. The firm has a market capitalization of $13.84 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 3.15 and a beta of 0.13. The company has a current ratio of 0.69, a quick ratio of 0.47 and a debt-to-equity ratio of 1.87.
In other CMS Energy news, SVP Brian F. Rich sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $49.69, for a total value of $198,760.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brandon J. Hofmeister sold 500 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $51.88, for a total transaction of $25,940.00. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of CMS Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. Guggenheim reiterated a “hold” rating and set a $53.00 price objective on shares of CMS Energy in a research report on Monday. Morgan Stanley decreased their price objective on shares of CMS Energy from $51.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, September 21st. Citigroup raised their price target on shares of CMS Energy from $49.00 to $51.00 and gave the stock a “hold” rating in a report on Tuesday, October 2nd. Finally, SunTrust Banks restated a “hold” rating and issued a $50.00 price target on shares of CMS Energy in a report on Wednesday, November 7th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $52.55.
CMS Energy 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.
Featured Story: How to invest in blue-chip stocks
Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter.