Connor Clark & Lunn Investment Management Ltd. Invests $989,000 in CMS Energy Co. (NYSE:CMS)

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of CMS Energy Co. (NYSE:CMS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,846 shares of the utilities provider’s stock, valued at approximately $989,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Pallas Capital Advisors LLC boosted its holdings in CMS Energy by 4.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock valued at $297,000 after purchasing an additional 173 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of CMS Energy by 5.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 187 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its holdings in shares of CMS Energy by 1.3% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock worth $1,107,000 after acquiring an additional 200 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of CMS Energy by 25.6% in the 3rd quarter. Private Trust Co. NA now owns 982 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 200 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of CMS Energy by 5.8% in the 4th quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider’s stock worth $266,000 after acquiring an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Trading Up 0.0 %

Shares of NYSE:CMS opened at $73.73 on Friday. CMS Energy Co. has a 52 week low of $56.61 and a 52 week high of $75.06. The company’s 50 day moving average is $69.65 and its two-hundred day moving average is $69.07. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The company has a market cap of $22.03 billion, a PE ratio of 22.21, a P/E/G ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 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%. Equities analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were paid a dividend of $0.5425 per share. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 2.94%. The ex-dividend date was Friday, February 14th. CMS Energy’s dividend payout ratio (DPR) is currently 65.36%.

Analyst Ratings Changes

Several brokerages have recently commented on CMS. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Morgan Stanley decreased their price objective 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. Guggenheim restated a “neutral” rating and issued a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Scotiabank increased their target price on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $73.00.

Insider Buying and Selling

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their ownership of the stock. 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 CMS Energy stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the transaction, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,200 shares of company stock worth $789,532 in the last ninety days. 0.40% of the stock is owned by corporate insiders.

About CMS Energy

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.