Mutual of America Capital Management LLC Acquires 2,096 Shares of CMS Energy Co. (CMS)
Mutual of America Capital Management LLC lifted its holdings in shares of CMS Energy Co. (NYSE:CMS) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,964 shares of the utilities provider’s stock after purchasing an additional 2,096 shares during the period. Mutual of America Capital Management LLC’s holdings in CMS Energy were worth $1,654,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Capital International Investors lifted its holdings in CMS Energy by 68.9% in the third quarter. Capital International Investors now owns 9,853,468 shares of the utilities provider’s stock valued at $456,413,000 after buying an additional 4,018,068 shares during the period. Brookfield Asset Management Inc. lifted its holdings in CMS Energy by 25,046.4% in the second quarter. Brookfield Asset Management Inc. now owns 894,959 shares of the utilities provider’s stock valued at $41,392,000 after buying an additional 891,400 shares during the period. JPMorgan Chase & Co. lifted its holdings in CMS Energy by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 21,476,208 shares of the utilities provider’s stock valued at $995,424,000 after buying an additional 694,563 shares during the period. Bank of New York Mellon Corp lifted its holdings in CMS Energy by 4.4% in the third quarter. Bank of New York Mellon Corp now owns 14,018,642 shares of the utilities provider’s stock valued at $649,344,000 after buying an additional 596,628 shares during the period. Finally, Maple Brown Abbott Ltd lifted its holdings in CMS Energy by 34.1% in the fourth quarter. Maple Brown Abbott Ltd now owns 1,796,438 shares of the utilities provider’s stock valued at $84,972,000 after buying an additional 456,536 shares during the period. Institutional investors own 87.33% of the company’s stock.
Shares of CMS Energy Co. (NYSE CMS) opened at $42.90 on Thursday. CMS Energy Co. has a 52 week low of $40.48 and a 52 week high of $50.85. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 1.99. The firm has a market cap of $12,100.00, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.87 and a beta of 0.09.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be given a dividend of $0.3575 per share. The ex-dividend date of this dividend is Thursday, February 15th. This is an increase from CMS Energy’s previous quarterly dividend of $0.33. This represents a $1.43 annualized dividend and a dividend yield of 3.33%. CMS Energy’s payout ratio is presently 68.91%.
CMS has been the topic of several recent analyst reports. KeyCorp restated a “buy” rating and issued a $51.00 target price on shares of CMS Energy in a report on Friday, October 20th. Bank of America initiated coverage on shares of CMS Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $52.00 target price on the stock. Zacks Investment Research upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $52.00 price target on shares of CMS Energy in a research note on Wednesday, December 13th. Finally, Wells Fargo & Co raised shares of CMS Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, December 18th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $48.41.
In other news, insider David G. Mengebier sold 2,500 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $49.48, for a total transaction of $123,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.65% of the company’s stock.
CMS Energy Company Profile
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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