CMS Energy Co. (NYSE:CMS) Stock Holdings Lessened by First Trust Advisors LP

First Trust Advisors LP lessened its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 878,791 shares of the utilities provider's stock after selling 41,738 shares during the quarter. First Trust Advisors LP owned 0.29% of CMS Energy worth $58,571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMS. BankPlus Trust Department purchased a new stake in shares of CMS Energy during the fourth quarter worth $29,000. Richardson Financial Services Inc. raised its stake in shares of CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after purchasing an additional 235 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of CMS Energy by 2,900.0% in the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after buying an additional 696 shares in the last quarter. Mizuho Bank Ltd. bought a new position in CMS Energy during the fourth quarter valued at approximately $61,000. Finally, Robbins Farley acquired a new stake in CMS Energy in the fourth quarter valued at approximately $62,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the sale, the senior vice president now directly owns 71,931 shares of the company's stock, valued at approximately $5,306,349.87. This represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura Wright sold 2,500 shares of CMS Energy stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the transaction, the director now owns 38,790 shares of the company's stock, valued at $2,709,093.60. This trade represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,200 shares of company stock worth $789,532 over the last three months. Company insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CMS. UBS Group lifted 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. Jefferies Financial Group boosted their target price on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Monday. Bank of America lifted their price target 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 shares of CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Finally, Guggenheim reaffirmed a "neutral" rating and issued a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $75.73.

CMS Energy Trading Up 2.2 %

Shares of CMS Energy stock opened at $73.71 on Wednesday. CMS Energy Co. has a 52-week low of $58.50 and a 52-week high of $76.45. The firm has a market capitalization of $22.03 billion, a PE ratio of 22.20, 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 company's fifty day moving average price is $72.47 and its two-hundred day moving average price is $69.59.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating 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, analysts expect that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The business also recently declared 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 2.94%. The ex-dividend date is Friday, May 9th. CMS Energy's dividend payout ratio is 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.

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