Duality Advisers LP Cuts Stock Position in CMS Energy Co. (NYSE:CMS)

Duality Advisers LP cut its holdings in CMS Energy Co. (NYSE:CMS) by 71.4% in the fourth quarter, HoldingsChannel reports. The firm owned 5,843 shares of the utilities provider’s stock after selling 14,614 shares during the quarter. Duality Advisers LP’s holdings in CMS Energy were worth $339,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CMS. Raymond James Financial Services Advisors Inc. boosted its stake in CMS Energy by 68.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider’s stock worth $3,721,000 after buying an additional 26,034 shares during the period. Epoch Investment Partners Inc. boosted its stake in CMS Energy by 49.9% during the third quarter. Epoch Investment Partners Inc. now owns 302,221 shares of the utilities provider’s stock worth $16,051,000 after buying an additional 100,618 shares during the period. New England Asset Management Inc. boosted its stake in CMS Energy by 38.8% during the third quarter. New England Asset Management Inc. now owns 132,950 shares of the utilities provider’s stock worth $7,061,000 after buying an additional 37,147 shares during the period. International Assets Investment Management LLC purchased a new position in CMS Energy during the fourth quarter worth $4,390,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in CMS Energy during the third quarter worth $4,209,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMS has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. Royal Bank of Canada decreased their target price on CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, March 4th. KeyCorp lifted their target price on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Seaport Res Ptn downgraded CMS Energy from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, Wolfe Research upgraded CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 target price for the company in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $63.33.

CMS Energy Stock Performance

CMS stock opened at $59.35 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.98 and a quick ratio of 0.66. The business has a 50-day moving average price of $58.76 and a 200 day moving average price of $57.42. The company has a market capitalization of $17.72 billion, a P/E ratio of 19.72, a PEG ratio of 2.34 and a beta of 0.38. CMS Energy Co. has a 1-year low of $49.87 and a 1-year high of $63.76.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.05. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.09% and a net margin of 11.89%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share. As a group, equities research analysts forecast 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. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.06 dividend on an annualized basis and a yield of 3.47%. CMS Energy’s dividend payout ratio is presently 68.44%.

Insiders Place Their Bets

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 completion of the transaction, the senior vice president now directly owns 68,971 shares in the company, valued at $3,985,144.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is currently owned by corporate 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.