American Century Companies Inc. Decreases Position in CMS Energy Co. (NYSE:CMS)

American Century Companies Inc. lessened its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 71.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 79,439 shares of the utilities provider's stock after selling 201,172 shares during the period. American Century Companies Inc.'s holdings in CMS Energy were worth $5,295,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CMS. Walleye Capital LLC acquired a new stake in CMS Energy during the 3rd quarter worth about $561,000. Janus Henderson Group PLC lifted its stake in CMS Energy by 1,122.4% during the 3rd quarter. Janus Henderson Group PLC now owns 479,203 shares of the utilities provider's stock valued at $33,845,000 after acquiring an additional 440,000 shares during the period. Investment Management Corp of Ontario boosted its holdings in shares of CMS Energy by 47.1% in the 3rd quarter. Investment Management Corp of Ontario now owns 9,992 shares of the utilities provider's stock valued at $706,000 after acquiring an additional 3,200 shares during the last quarter. Quantinno Capital Management LP lifted its position in CMS Energy by 38.3% during the third quarter. Quantinno Capital Management LP now owns 23,466 shares of the utilities provider's stock valued at $1,657,000 after purchasing an additional 6,501 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its holdings in CMS Energy by 26.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 14,011 shares of the utilities provider's stock valued at $990,000 after purchasing an additional 2,913 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of CMS Energy from $73.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, March 24th. StockNews.com downgraded CMS Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. UBS Group raised their price target on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Finally, Guggenheim reiterated a "neutral" rating and issued a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $75.36.

Insider Transactions at CMS Energy

In other CMS Energy news, Director Laura Wright sold 2,500 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the transaction, the director now owns 38,790 shares in the company, valued at approximately $2,709,093.60. This represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the sale, the chief accounting officer now owns 21,643 shares in the company, valued at $1,509,815.68. The trade was a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,200 shares of company stock worth $789,532 over the last 90 days. 0.40% of the stock is currently owned by insiders.

CMS Energy Stock Up 1.6 %

Shares of NYSE CMS traded up $1.10 during midday trading on Wednesday, hitting $71.29. 4,262,273 shares of the company's stock were exchanged, compared to its average volume of 2,258,737. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The firm's fifty day simple moving average is $71.70 and its 200-day simple moving average is $69.47. The company has a market cap of $21.30 billion, a PE ratio of 21.47, a P/E/G ratio of 2.56 and a beta of 0.34. CMS Energy Co. has a twelve month low of $56.61 and a twelve month high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Research analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were issued a $0.5425 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.04%. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. CMS Energy's payout ratio is presently 65.36%.

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.