MetLife Investment Management LLC Has $5.51 Million Holdings in CMS Energy Co. (NYSE:CMS)

MetLife Investment Management LLC raised its holdings in CMS Energy Co. (NYSE:CMSGet Rating) by 23.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,825 shares of the utilities provider’s stock after buying an additional 14,821 shares during the quarter. MetLife Investment Management LLC’s holdings in CMS Energy were worth $5,513,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Crewe Advisors LLC bought a new stake in shares of CMS Energy during the fourth quarter valued at approximately $26,000. Quent Capital LLC bought a new stake in shares of CMS Energy during the fourth quarter valued at approximately $38,000. AGF Investments LLC bought a new stake in shares of CMS Energy during the first quarter valued at approximately $39,000. Covestor Ltd bought a new stake in shares of CMS Energy during the fourth quarter valued at approximately $54,000. Finally, Cambridge Trust Co. increased its holdings in shares of CMS Energy by 334.1% during the first quarter. Cambridge Trust Co. now owns 890 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 685 shares in the last quarter. Institutional investors own 92.62% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Shaun M. Johnson sold 736 shares of the company’s stock in a transaction on Friday, June 10th. The stock was sold at an average price of $67.77, for a total transaction of $49,878.72. Following the transaction, the senior vice president now owns 44,543 shares of the company’s stock, valued at approximately $3,018,679.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Jon E. Barfield sold 1,267 shares of the company’s stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $69.44, for a total transaction of $87,980.48. Following the transaction, the director now owns 13,620 shares of the company’s stock, valued at approximately $945,772.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Shaun M. Johnson sold 736 shares of the company’s stock in a transaction on Friday, June 10th. The shares were sold at an average price of $67.77, for a total value of $49,878.72. Following the transaction, the senior vice president now directly owns 44,543 shares in the company, valued at approximately $3,018,679.11. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

CMS Energy Stock Down 1.4 %

CMS stock opened at $67.14 on Monday. The stock’s fifty day simple moving average is $67.63 and its two-hundred day simple moving average is $67.82. The company has a current ratio of 1.00, a quick ratio of 0.65 and a debt-to-equity ratio of 1.62. CMS Energy Co. has a 1-year low of $58.51 and a 1-year high of $73.76. The stock has a market cap of $19.48 billion, a P/E ratio of 14.76, a P/E/G ratio of 2.91 and a beta of 0.27.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Tuesday, September 6th will be given a $4.50 dividend. The ex-dividend date is Friday, September 2nd. This represents a $18.00 annualized dividend and a yield of 26.81%. This is a boost from CMS Energy’s previous quarterly dividend of $0.46. CMS Energy’s payout ratio is currently 40.44%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. BMO Capital Markets decreased their price objective on CMS Energy from $80.00 to $71.00 and set an “outperform” rating for the company in a report on Monday, June 27th. Barclays decreased their price target on CMS Energy from $76.00 to $72.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Morgan Stanley upped their price target on CMS Energy from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 23rd. Finally, Mizuho decreased their price target on CMS Energy from $74.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, June 30th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $71.00.

About CMS Energy

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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.

See Also

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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