Covea Finance Has $11.82 Million Stock Position in CMS Energy Co. (NYSE:CMS)

Covea Finance cut its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 177,300 shares of the utilities provider's stock after selling 7,000 shares during the period. Covea Finance owned 0.06% of CMS Energy worth $11,817,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Mackenzie Financial Corp raised its stake in shares of CMS Energy by 0.6% during the second quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider's stock worth $1,511,000 after buying an additional 157 shares during the last quarter. Voisard Asset Management Group Inc. grew its holdings in CMS Energy by 25.7% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider's stock worth $56,000 after acquiring an additional 163 shares during the period. Pallas Capital Advisors LLC raised its position in shares of CMS Energy by 4.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider's stock valued at $297,000 after acquiring an additional 173 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of CMS Energy by 5.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider's stock valued at $256,000 after purchasing an additional 187 shares during the period. Finally, Horizon Kinetics Asset Management LLC boosted its position in shares of CMS Energy by 1.3% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider's stock worth $1,107,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the sale, the senior vice president now owns 64,771 shares in the company, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John G. Russell sold 28,750 shares of the business's stock in a transaction dated 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 transaction, the director now owns 144,059 shares in the company, valued at $9,486,285.15. This represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,686 shares of company stock valued at $2,228,084. Insiders own 0.40% of the company's stock.

CMS Energy Price Performance

Shares of CMS opened at $65.59 on Wednesday. The company has a 50 day moving average of $67.41 and a 200-day moving average of $67.09. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $19.60 billion, a P/E ratio of 18.74, a P/E/G ratio of 2.66 and a beta of 0.42. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business earned $0.61 EPS. The company's revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts forecast that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Wednesday, November 13th. This is a positive change from CMS Energy's previous quarterly dividend of $0.51. CMS Energy's dividend payout ratio is presently 58.86%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com cut CMS Energy from a "hold" rating to a "sell" rating in a research note on Thursday, November 28th. Jefferies Financial Group began coverage on CMS Energy in a research report on Tuesday, November 5th. They set a "buy" rating and a $76.00 target price for the company. Scotiabank lifted their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. Wells Fargo & Company boosted their price target on shares of CMS Energy from $70.00 to $77.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Finally, BMO Capital Markets dropped their price objective on CMS Energy from $77.00 to $76.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $70.36.

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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