Mirae Asset Global Investments Co. Ltd. Sells 17,373 Shares of CMS Energy Co. (NYSE:CMS)

Mirae Asset Global Investments Co. Ltd. lowered its position in CMS Energy Co. (NYSE:CMS - Free Report) by 32.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,379 shares of the utilities provider's stock after selling 17,373 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in CMS Energy were worth $2,234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. boosted its holdings in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 235 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of CMS Energy by 171.9% during the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider's stock worth $31,000 after buying an additional 275 shares in the last quarter. Brooklyn Investment Group acquired a new position in CMS Energy during the 3rd quarter worth $40,000. Covestor Ltd increased its position in shares of CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider's stock worth $50,000 after purchasing an additional 472 shares during the last quarter. Finally, Values First Advisors Inc. acquired a new stake in shares of CMS Energy in the 3rd quarter valued at about $56,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CMS Energy news, CAO Scott B. Mcintosh sold 936 shares of the firm's stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 24,417 shares in the company, valued at $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the transaction, the director now directly owns 144,059 shares in the company, valued at approximately $9,486,285.15. This trade represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,686 shares of company stock worth $2,228,084 in the last three months. 0.40% of the stock is currently owned by insiders.

CMS Energy Price Performance

NYSE:CMS traded up $0.28 during midday trading on Thursday, hitting $69.83. 1,864,674 shares of the stock were exchanged, compared to its average volume of 2,224,944. CMS Energy Co. has a one year low of $55.82 and a one year high of $72.40. The company has a market capitalization of $20.86 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 2.48 and a beta of 0.42. The business has a 50-day moving average price of $66.85 and a two-hundred day moving average price of $68.03. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.94.

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%. Sell-side analysts predict that CMS Energy Co. will post 3.59 EPS 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 given a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Friday, February 14th. This is an increase from CMS Energy's previous quarterly dividend of $0.52. CMS Energy's dividend payout ratio is 62.05%.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of research reports. Jefferies Financial Group started coverage on CMS Energy in a research note on Tuesday, November 5th. They issued a "buy" rating and a $76.00 price target for the company. BMO Capital Markets decreased their price objective on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating for the company in a report on Friday, November 1st. StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Morgan Stanley reduced their price target on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Finally, Guggenheim reiterated a "neutral" rating and set a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $71.15.

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.