CIBC Private Wealth Group LLC Sells 66,247 Shares of CMS Energy Co. (NYSE:CMS)

CIBC Private Wealth Group LLC reduced its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 90.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,289 shares of the utilities provider's stock after selling 66,247 shares during the quarter. CIBC Private Wealth Group LLC's holdings in CMS Energy were worth $483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Smith Group Asset Management LLC acquired a new position in shares of CMS Energy during the fourth quarter worth approximately $333,000. Hennion & Walsh Asset Management Inc. grew its position in CMS Energy by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider's stock valued at $1,342,000 after acquiring an additional 5,662 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of CMS Energy by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock worth $5,103,000 after purchasing an additional 392 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of CMS Energy by 49.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider's stock worth $1,787,000 after purchasing an additional 8,927 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its holdings in shares of CMS Energy by 2.7% during the fourth quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider's stock worth $11,377,000 after purchasing an additional 4,500 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the company'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 sale, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction dated 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 in the company, valued at $5,306,349.87. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,200 shares of company stock worth $789,532. Insiders own 0.40% of the company's stock.

CMS Energy Price Performance

NYSE CMS traded up $0.11 during midday trading on Thursday, hitting $71.24. The company had a trading volume of 473,542 shares, compared to its average volume of 2,251,925. The company has a market capitalization of $21.29 billion, a PE ratio of 21.46, a P/E/G ratio of 2.56 and a beta of 0.34. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The firm has a 50-day moving average price of $71.70 and a 200-day moving average price of $69.47. CMS Energy Co. has a twelve month low of $56.61 and a twelve month high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating 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, 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 declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were paid a $0.5425 dividend. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 14th. This represents a $2.17 annualized dividend and a dividend yield of 3.05%. CMS Energy's dividend payout ratio (DPR) is presently 65.36%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CMS. Scotiabank upped their price target on CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. UBS Group increased their price objective on CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. StockNews.com upgraded CMS Energy from a "sell" rating to a "hold" rating in a report on Thursday. Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Finally, Bank of America raised their price objective on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, CMS Energy presently has a consensus rating of "Moderate Buy" and an average price target of $75.36.

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.