CMS Energy Co. (NYSE:CMS) Shares Sold by FIL Ltd

FIL Ltd trimmed its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,938,084 shares of the utilities provider's stock after selling 10,189 shares during the period. FIL Ltd owned approximately 0.98% of CMS Energy worth $195,823,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Smith Group Asset Management LLC bought a new position in CMS Energy in the fourth quarter valued at about $333,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of CMS Energy by 39.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider's stock worth $1,342,000 after acquiring an additional 5,662 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of CMS Energy by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock valued at $5,103,000 after purchasing an additional 392 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in CMS Energy by 49.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider's stock valued at $1,787,000 after buying an additional 8,927 shares in the last quarter. Finally, Hennessy Advisors Inc. grew its holdings in shares of CMS Energy by 2.7% in the fourth quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider's stock valued at $11,377,000 after purchasing an additional 4,500 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

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Wall Street Analyst Weigh In

CMS has been the topic of a number of analyst reports. Bank of America boosted their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. UBS Group increased their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Guggenheim reiterated a "neutral" rating and issued a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. Finally, StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, CMS Energy has an average rating of "Moderate Buy" and a consensus price target of $75.09.

CMS Energy Stock Performance

Shares of NYSE:CMS traded up $1.56 during trading on Monday, hitting $73.38. 423,987 shares of the stock traded hands, compared to its average volume of 2,264,683. The company has a fifty day moving average price of $71.91 and a two-hundred day moving average price of $69.49. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $76.45. The company has a market cap of $21.93 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 2.56 and a beta of 0.34.

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

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be paid a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 2.96%. CMS Energy's dividend payout ratio is currently 65.36%.

Insider Transactions at CMS Energy

In other news, Director Laura Wright sold 2,500 shares of CMS Energy stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the sale, the director now directly owns 38,790 shares of the company's stock, valued at approximately $2,709,093.60. The trade was a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,200 shares of company stock valued at $789,532. Corporate 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.