Capital International Sarl Has $1.89 Million Stake in CMS Energy Co. (NYSE:CMS)

Capital International Sarl reduced its stake in shares of CMS Energy Co. (NYSE:CMS) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 28,413 shares of the utilities provider’s stock after selling 1,133 shares during the quarter. Capital International Sarl’s holdings in CMS Energy were worth $1,894,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. M&T Bank Corp lifted its holdings in CMS Energy by 0.7% during the 3rd quarter. M&T Bank Corp now owns 483,215 shares of the utilities provider’s stock valued at $34,130,000 after purchasing an additional 3,497 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of CMS Energy by 18.0% during the third quarter. Virtu Financial LLC now owns 18,358 shares of the utilities provider’s stock worth $1,297,000 after buying an additional 2,800 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of CMS Energy in the third quarter valued at approximately $248,000. Wilmington Savings Fund Society FSB acquired a new position in shares of CMS Energy in the 3rd quarter worth approximately $589,000. Finally, Tidal Investments LLC grew its position in CMS Energy by 17.6% during the 3rd quarter. Tidal Investments LLC now owns 19,780 shares of the utilities provider’s stock worth $1,397,000 after acquiring an additional 2,965 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

CMS Energy Stock Performance

CMS stock opened at $72.81 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45. The business’s fifty day moving average is $72.34 and its 200-day moving average is $69.58. The company has a market cap of $21.76 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34.

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

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be paid a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy’s payout ratio is presently 65.36%.

Analyst Ratings Changes

CMS has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their price objective on CMS Energy from $80.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Guggenheim reiterated a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. UBS Group raised their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. StockNews.com lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $68.00 to $75.00 in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $75.09.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the sale, the senior vice president now owns 71,931 shares in the company, valued at $5,306,349.87. This represents a 2.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the transaction, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,200 shares of company stock worth $789,532. Company insiders own 0.49% of the company’s stock.

CMS Energy Company 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.