Bruce & Co. Inc. Sells 24,000 Shares of CMS Energy Co. (NYSE:CMS)

Bruce & Co. Inc. decreased its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 286,000 shares of the utilities provider's stock after selling 24,000 shares during the period. CMS Energy accounts for about 6.1% of Bruce & Co. Inc.'s holdings, making the stock its 7th largest position. Bruce & Co. Inc. owned about 0.10% of CMS Energy worth $19,062,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CMS. Whittier Trust Co. of Nevada Inc. lifted its position in shares of CMS Energy by 9.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,200 shares of the utilities provider's stock worth $213,000 after purchasing an additional 283 shares during the last quarter. iA Global Asset Management Inc. increased its position in CMS Energy by 3.0% in the 4th quarter. iA Global Asset Management Inc. now owns 1,598,991 shares of the utilities provider's stock worth $106,573,000 after buying an additional 46,259 shares during the period. Brooklyn FI LLC acquired a new position in shares of CMS Energy during the fourth quarter worth approximately $308,000. Signaturefd LLC boosted its position in shares of CMS Energy by 4.9% in the fourth quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider's stock valued at $317,000 after acquiring an additional 220 shares during the period. Finally, Cibc World Markets Corp grew its stake in shares of CMS Energy by 16.3% in the fourth quarter. Cibc World Markets Corp now owns 47,160 shares of the utilities provider's stock worth $3,143,000 after acquiring an additional 6,624 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other CMS Energy news, 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 value of $467,392.00. Following the transaction, the chief accounting officer now owns 21,643 shares of the company's stock, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction 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 sale, the senior vice president now owns 71,931 shares of the company's stock, valued at approximately $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 have sold a total of 11,200 shares of company stock worth $789,532 in the last three months. Insiders own 0.40% of the company's stock.

Analyst Ratings Changes

CMS has been the topic of several research reports. Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Scotiabank upped their price target on CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Guggenheim reiterated a "neutral" rating and issued a $69.00 price objective on shares of CMS Energy in a research report on Friday, February 7th. UBS Group boosted their price objective on CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday. Finally, StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, CMS Energy has an average rating of "Moderate Buy" and an average target price of $75.36.

CMS Energy Price Performance

Shares of NYSE CMS traded down $1.06 during midday trading on Tuesday, reaching $72.08. 2,271,302 shares of the company traded hands, compared to its average volume of 2,139,808. CMS Energy Co. has a 12 month low of $56.61 and a 12 month high of $75.06. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The stock's 50-day simple moving average is $69.98 and its 200-day simple moving average is $69.15. The firm has a market cap of $21.54 billion, a PE ratio of 21.71, a PEG ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating 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 anticipate that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm 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. This is an increase from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy's payout ratio is presently 65.36%.

About CMS Energy

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.