CMS Energy Co. (NYSE:CMS) Shares Sold by AMF Tjanstepension AB

AMF Tjanstepension AB trimmed its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 84.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,251 shares of the utilities provider's stock after selling 675,631 shares during the quarter. AMF Tjanstepension AB's holdings in CMS Energy were worth $8,091,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pallas Capital Advisors LLC increased its position in CMS Energy by 4.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider's stock worth $297,000 after purchasing an additional 173 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of CMS Energy by 5.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider's stock valued at $256,000 after buying an additional 187 shares during the period. Horizon Kinetics Asset Management LLC increased its holdings in shares of CMS Energy by 1.3% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider's stock worth $1,107,000 after buying an additional 200 shares during the last quarter. Private Trust Co. NA raised its position in shares of CMS Energy by 25.6% during the 3rd quarter. Private Trust Co. NA now owns 982 shares of the utilities provider's stock valued at $69,000 after buying an additional 200 shares during the period. Finally, Empirical Finance LLC lifted its holdings in CMS Energy by 2.2% in the third quarter. Empirical Finance LLC now owns 10,048 shares of the utilities provider's stock valued at $710,000 after acquiring an additional 217 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

Several research firms have issued reports on CMS. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Scotiabank raised their price objective on CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. 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. Finally, Morgan Stanley reduced their price target on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a research note on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, CMS Energy has a consensus rating of "Moderate Buy" and an average price target of $72.42.

CMS Energy Stock Down 1.3 %

CMS stock traded down $0.91 during midday trading on Wednesday, hitting $71.17. The company's stock had a trading volume of 2,365,045 shares, compared to its average volume of 2,323,737. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $75.06. The firm has a 50-day simple moving average of $68.71 and a 200-day simple moving average of $68.84. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $21.27 billion, a P/E ratio of 21.44, a PEG ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping 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%. As a group, equities analysts forecast that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were paid a $0.5425 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a yield of 3.05%. This is an increase from CMS Energy's previous quarterly dividend of $0.52. CMS Energy's payout ratio is currently 65.36%.

Insiders Place Their Bets

In related news, Director John G. Russell sold 28,750 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the sale, the director now owns 144,059 shares in the company, valued at $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 71,931 shares of the company's stock, valued at $5,306,349.87. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,950 shares of company stock worth $2,817,160 in the last 90 days. Corporate insiders own 0.53% of the company's stock.

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.