APG Asset Management N.V. Sells 246,889 Shares of CMS Energy Co. (NYSE:CMS)

APG Asset Management N.V. lessened its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 41.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 342,776 shares of the utilities provider's stock after selling 246,889 shares during the period. APG Asset Management N.V. owned 0.11% of CMS Energy worth $22,063,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BankPlus Trust Department bought a new position in shares of CMS Energy during the 4th quarter worth about $29,000. Richardson Financial Services Inc. increased its holdings in shares of CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 235 shares in the last quarter. Larson Financial Group LLC raised its position in shares of CMS Energy by 2,900.0% during the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after purchasing an additional 696 shares during the period. Mizuho Bank Ltd. acquired a new position in shares of CMS Energy during the fourth quarter worth approximately $61,000. Finally, Robbins Farley bought a new position in shares of CMS Energy in the 4th quarter worth $62,000. 93.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Guggenheim restated a "neutral" rating and set a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. UBS Group upped their target price on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a research note on Thursday, April 10th. BMO Capital Markets cut their target price on CMS Energy from $80.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday. Finally, Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.09.

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Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the transaction, the chief accounting officer now owns 21,643 shares of the company's stock, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,200 shares of company stock valued at $789,532. 0.40% of the stock is owned by insiders.

CMS Energy Stock Performance

CMS traded down $0.23 during trading on Tuesday, hitting $73.30. 911,795 shares of the company traded hands, compared to its average volume of 2,266,177. CMS Energy Co. has a one year low of $56.61 and a one year high of $76.45. The stock's fifty day moving average is $72.04 and its 200 day moving average is $69.51. 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 cap of $21.90 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34.

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

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 2.96%. CMS Energy's payout ratio is 65.36%.

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.