CANADA LIFE ASSURANCE Co Sells 9,676 Shares of CMS Energy Co. (NYSE:CMS)

CANADA LIFE ASSURANCE Co lessened its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 186,441 shares of the utilities provider's stock after selling 9,676 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.06% of CMS Energy worth $12,420,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMS. BankPlus Trust Department purchased a new position in shares of CMS Energy in the fourth quarter worth $29,000. Richardson Financial Services Inc. grew its holdings in CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after acquiring an additional 235 shares during the last quarter. Larson Financial Group LLC increased its position in shares of CMS Energy by 2,900.0% in the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after acquiring an additional 696 shares during the period. Mizuho Bank Ltd. bought a new position in shares of CMS Energy during the fourth quarter valued at about $61,000. Finally, Robbins Farley purchased a new stake in shares of CMS Energy during the fourth quarter worth about $62,000. Institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

CMS has been the topic of a number of recent analyst reports. Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Guggenheim reiterated a "neutral" rating and issued a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. UBS Group upped their price objective 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 lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Friday, April 18th. Finally, Jefferies Financial Group increased their price target on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Monday. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $76.55.

CMS Energy Stock Down 2.6 %

CMS Energy stock traded down $1.93 during mid-day trading on Friday, reaching $72.21. The stock had a trading volume of 3,216,563 shares, compared to its average volume of 2,293,467. The company has a market capitalization of $21.58 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.56 and a beta of 0.34. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. CMS Energy Co. has a one year low of $58.50 and a one year high of $76.45. The company has a 50-day moving average price of $72.67 and a two-hundred day moving average price of $69.65.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $2.32 billion. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. On average, analysts expect that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The firm 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 $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's dividend payout ratio is currently 65.36%.

Insider Activity

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was 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. The trade was a 23.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laura Wright sold 2,500 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the sale, the director now directly owns 38,790 shares in the company, valued at approximately $2,709,093.60. The trade was a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,200 shares of company stock valued at $789,532 over the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

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.