Cidel Asset Management Inc. Has $12.72 Million Stock Holdings in CMS Energy Co. (NYSE:CMS)

Cidel Asset Management Inc. lowered its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 20.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,789 shares of the utilities provider's stock after selling 50,262 shares during the period. Cidel Asset Management Inc. owned approximately 0.06% of CMS Energy worth $12,716,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CMS. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of CMS Energy by 4.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 755,162 shares of the utilities provider's stock worth $50,332,000 after acquiring an additional 32,474 shares during the last quarter. Centennial Wealth Advisory LLC grew its holdings in shares of CMS Energy by 10.1% in the 4th quarter. Centennial Wealth Advisory LLC now owns 8,242 shares of the utilities provider's stock worth $549,000 after acquiring an additional 759 shares during the last quarter. Spirit of America Management Corp NY boosted its stake in CMS Energy by 23.1% in the 4th quarter. Spirit of America Management Corp NY now owns 13,300 shares of the utilities provider's stock worth $886,000 after purchasing an additional 2,500 shares during the period. Yousif Capital Management LLC grew its position in CMS Energy by 1.4% during the 4th quarter. Yousif Capital Management LLC now owns 53,774 shares of the utilities provider's stock worth $3,584,000 after purchasing an additional 748 shares in the last quarter. Finally, Mather Group LLC. grew its position in CMS Energy by 5.8% during the 4th quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider's stock worth $266,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CMS. Barclays raised their target price on CMS Energy from $65.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 15th. Scotiabank raised their target price on CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. Wells Fargo & Company raised their target price on CMS Energy from $70.00 to $77.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. BMO Capital Markets decreased their target price on CMS Energy from $77.00 to $76.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Finally, Jefferies Financial Group began coverage on CMS Energy in a research report on Tuesday, November 5th. They issued a "buy" rating and a $76.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.15.

CMS Energy Stock Performance

Shares of CMS Energy stock traded up $0.07 during trading on Wednesday, reaching $69.52. The company's stock had a trading volume of 2,119,536 shares, compared to its average volume of 2,237,812. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.83 and a current ratio of 1.23. The business's fifty day moving average price is $66.81 and its 200-day moving average price is $68.02. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 2.48 and a beta of 0.42. CMS Energy Co. has a one year low of $55.10 and a one year high of $72.40.

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, 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, equities research analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 17th will be paid a $0.5425 dividend. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Friday, February 14th. CMS Energy's dividend payout ratio is currently 62.05%.

Insider Activity

In other news, Director John G. Russell sold 28,750 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total value of $1,893,187.50. Following the sale, the director now directly owns 144,059 shares in the company, valued at approximately $9,486,285.15. This represents a 16.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the sale, the chief accounting officer now owns 24,417 shares in the company, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,686 shares of company stock worth $2,228,084. Company insiders own 0.40% of the company's stock.

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.