CMS Energy Co. (NYSE:CMS) Shares Sold by Xponance Inc.

Xponance Inc. cut its holdings in shares of CMS Energy Co. (NYSE:CMS) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,704 shares of the utilities provider’s stock after selling 1,593 shares during the period. Xponance Inc.’s holdings in CMS Energy were worth $2,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. lifted its position in CMS Energy by 23.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 29,819 shares of the utilities provider’s stock valued at $1,731,000 after purchasing an additional 5,740 shares during the period. Financial Strategies Group Inc. acquired a new position in shares of CMS Energy in the fourth quarter worth about $202,000. Louisiana State Employees Retirement System acquired a new position in shares of CMS Energy in the fourth quarter worth about $1,022,000. Aquila Investment Management LLC acquired a new position in shares of CMS Energy in the fourth quarter worth about $581,000. Finally, Cerity Partners LLC raised its position in shares of CMS Energy by 86.8% in the fourth quarter. Cerity Partners LLC now owns 8,126 shares of the utilities provider’s stock worth $472,000 after acquiring an additional 3,775 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Up 0.7 %

Shares of NYSE CMS opened at $60.00 on Tuesday. CMS Energy Co. has a 12-month low of $49.87 and a 12-month high of $63.76. The stock has a market cap of $17.92 billion, a PE ratio of 19.93, a P/E/G ratio of 2.31 and a beta of 0.38. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84. The company has a 50-day moving average of $58.50 and a 200 day moving average of $57.29.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.01. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the prior year, the company earned $0.60 EPS. CMS Energy’s revenue was down 14.4% compared to the same quarter last year. As a group, sell-side analysts predict that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.43%. CMS Energy’s payout ratio is 68.44%.

Analyst Ratings Changes

A number of brokerages have weighed in on CMS. Guggenheim upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $64.00 in a research report on Friday, February 2nd. Scotiabank decreased their price objective on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a research report on Monday. JPMorgan Chase & Co. upped their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 13th. Barclays cut their target price on shares of CMS Energy from $58.00 to $57.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. Finally, Wolfe Research raised shares of CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 target price for the company in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.00.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following the transaction, the senior vice president now directly owns 68,971 shares in the company, valued at approximately $3,985,144.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is currently owned by company insiders.

CMS Energy 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.