BI Asset Management Fondsmaeglerselskab A S Sells 8,404 Shares of CMS Energy Co. (NYSE:CMS)

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 37.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,829 shares of the utilities provider's stock after selling 8,404 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in CMS Energy were worth $922,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank purchased a new stake in CMS Energy in the fourth quarter worth about $171,798,000. Massachusetts Financial Services Co. MA lifted its stake in shares of CMS Energy by 28.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock valued at $649,264,000 after purchasing an additional 2,131,269 shares during the period. Fisher Funds Management LTD bought a new stake in shares of CMS Energy during the fourth quarter valued at approximately $53,904,000. Prudential Financial Inc. grew its stake in CMS Energy by 207.9% in the fourth quarter. Prudential Financial Inc. now owns 1,115,524 shares of the utilities provider's stock worth $74,350,000 after purchasing an additional 753,182 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in CMS Energy by 760.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider's stock worth $46,664,000 after purchasing an additional 618,767 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

CMS Energy Stock Performance

CMS Energy stock traded up $0.38 during mid-day trading on Monday, reaching $72.56. 1,514,745 shares of the stock traded hands, compared to its average volume of 2,563,449. The stock has a market capitalization of $21.68 billion, a PE ratio of 21.87, a price-to-earnings-growth 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. The business's 50-day moving average is $72.73 and its 200-day moving average is $69.67. CMS Energy Co. has a 12-month low of $58.50 and a 12-month high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The business's quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 earnings per share. As a group, sell-side analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Friday, May 9th. CMS Energy's payout ratio is 64.39%.

Insider Transactions at CMS Energy

In other 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 completion of the transaction, the chief accounting officer now owns 21,643 shares of the company's stock, valued at $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred 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 sale, the senior vice president now directly 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. Insiders have sold 11,200 shares of company stock valued at $789,532 over the last quarter. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CMS. Evercore ISI boosted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a report on Monday. Scotiabank reissued an "outperform" rating on shares of CMS Energy in a research note on Friday. StockNews.com downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Friday, April 18th. Wells Fargo & Company boosted their price target on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Jefferies Financial Group raised their price objective on CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, CMS Energy currently has an average rating of "Hold" and an average target price of $76.50.

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.