CMS Energy Co. (NYSE:CMS) Position Reduced by National Bank of Canada FI

National Bank of Canada FI lowered its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 70.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 265,363 shares of the utilities provider's stock after selling 627,371 shares during the period. National Bank of Canada FI owned 0.09% of CMS Energy worth $17,696,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CMS. Walleye Capital LLC purchased a new stake in shares of CMS Energy in the third quarter valued at $561,000. Atom Investors LP acquired a new stake in CMS Energy in the 3rd quarter worth about $260,000. Janus Henderson Group PLC grew its holdings in CMS Energy by 1,122.4% in the 3rd quarter. Janus Henderson Group PLC now owns 479,203 shares of the utilities provider's stock valued at $33,845,000 after buying an additional 440,000 shares during the period. Investment Management Corp of Ontario lifted its holdings in shares of CMS Energy by 47.1% during the 3rd quarter. Investment Management Corp of Ontario now owns 9,992 shares of the utilities provider's stock worth $706,000 after acquiring an additional 3,200 shares during the period. Finally, Quantinno Capital Management LP boosted its position in shares of CMS Energy by 38.3% in the third quarter. Quantinno Capital Management LP now owns 23,466 shares of the utilities provider's stock worth $1,657,000 after acquiring an additional 6,501 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the 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 sale, the senior vice president now owns 71,931 shares of the company's stock, valued at $5,306,349.87. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now directly owns 21,643 shares of the company's stock, valued at $1,509,815.68. The trade was a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,200 shares of company stock valued at $789,532. 0.40% of the stock is currently owned by insiders.

Remove Ads

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. Guggenheim reaffirmed a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Bank of America upped 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. UBS Group lifted their target price on CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, StockNews.com downgraded CMS Energy from a "hold" rating to a "sell" rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, CMS Energy presently has a consensus rating of "Hold" and a consensus target price of $75.36.

CMS Energy Stock Performance

Shares of NYSE CMS traded up $1.10 during trading on Wednesday, reaching $71.29. The stock had a trading volume of 4,262,273 shares, compared to its average volume of 2,258,737. The firm's 50 day moving average price is $71.70 and its two-hundred day moving average price is $69.47. CMS Energy Co. has a one year low of $56.61 and a one year high of $76.45. The stock has a market cap of $21.30 billion, a PE ratio of 21.47, a P/E/G ratio of 2.56 and a beta of 0.34. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. On average, research analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were paid a $0.5425 dividend. This is an increase from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Friday, February 14th. CMS Energy's payout ratio is presently 65.36%.

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.