BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 7,345 Shares of CMS Energy Co. (NYSE:CMS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 12.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,836 shares of the utilities provider's stock after selling 7,345 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in CMS Energy were worth $3,520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CMS. Cetera Investment Advisers raised its holdings in shares of CMS Energy by 325.4% during the first quarter. Cetera Investment Advisers now owns 26,219 shares of the utilities provider's stock valued at $1,582,000 after purchasing an additional 20,056 shares during the period. Kingswood Wealth Advisors LLC increased its position in shares of CMS Energy by 6.7% during the second quarter. Kingswood Wealth Advisors LLC now owns 4,201 shares of the utilities provider's stock worth $250,000 after acquiring an additional 265 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of CMS Energy by 18.6% during the second quarter. QRG Capital Management Inc. now owns 12,012 shares of the utilities provider's stock worth $715,000 after acquiring an additional 1,880 shares in the last quarter. SG Americas Securities LLC increased its position in shares of CMS Energy by 1,438.9% during the second quarter. SG Americas Securities LLC now owns 99,258 shares of the utilities provider's stock worth $5,909,000 after acquiring an additional 92,808 shares in the last quarter. Finally, Mirador Capital Partners LP increased its position in shares of CMS Energy by 5.2% during the second quarter. Mirador Capital Partners LP now owns 13,094 shares of the utilities provider's stock worth $780,000 after acquiring an additional 653 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the transaction, the senior vice president now owns 64,771 shares in the company, valued at approximately $4,415,439.07. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott B. Mcintosh sold 936 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the transaction, the chief accounting officer now owns 24,417 shares in the company, valued at $1,672,564.50. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

CMS Energy Price Performance

Shares of NYSE CMS traded down $0.75 during mid-day trading on Wednesday, reaching $67.50. 2,913,344 shares of the company were exchanged, compared to its average volume of 2,264,899. CMS Energy Co. has a 52 week low of $55.10 and a 52 week high of $72.40. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $20.17 billion, a PE ratio of 19.29, a PEG ratio of 2.73 and a beta of 0.41. The company's 50 day moving average price is $69.62 and its 200 day moving average price is $65.86.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the firm posted $0.61 EPS. The firm's revenue was up 4.2% compared to the same quarter last year. Sell-side analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Wednesday, November 13th. This is a boost from CMS Energy's previous quarterly dividend of $0.51. CMS Energy's dividend payout ratio (DPR) is presently 58.86%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Morgan Stanley reduced their price objective on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. Jefferies Financial Group assumed coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They issued a "buy" rating and a $76.00 price objective for the company. Barclays upped their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 15th. Mizuho downgraded shares of CMS Energy from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Finally, BMO Capital Markets reduced their target price on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, CMS Energy has a consensus rating of "Moderate Buy" and a consensus price target of $70.21.

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.