GQG Partners LLC Reduces Stock Holdings in CMS Energy Co. (NYSE:CMS)

GQG Partners LLC reduced its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 97.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,026 shares of the utilities provider's stock after selling 3,309,728 shares during the quarter. GQG Partners LLC's holdings in CMS Energy were worth $6,267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CMS. Vanguard Group Inc. increased its position in CMS Energy by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider's stock valued at $2,544,370,000 after acquiring an additional 316,011 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of CMS Energy by 1.4% in the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider's stock worth $528,713,000 after acquiring an additional 105,062 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in CMS Energy by 0.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider's stock valued at $152,267,000 after acquiring an additional 18,403 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in CMS Energy by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,879,271 shares of the utilities provider's stock valued at $125,253,000 after purchasing an additional 56,882 shares in the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of CMS Energy by 10.0% during the 4th quarter. Truist Financial Corp now owns 1,621,562 shares of the utilities provider's stock worth $108,077,000 after purchasing an additional 147,540 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CMS. UBS Group raised their target price on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, March 21st. StockNews.com upgraded CMS Energy from a "sell" rating to a "hold" rating in a research report on Tuesday. BMO Capital Markets raised their price target on CMS Energy from $73.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday. Guggenheim restated a "neutral" rating and set a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. Finally, Scotiabank upped their price target on CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $75.36.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Monday, March 3rd. The stock was 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 in the company, valued at $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura Wright sold 2,500 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the transaction, the director now directly owns 38,790 shares in the company, 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. Over the last ninety days, insiders sold 11,200 shares of company stock worth $789,532. 0.40% of the stock is currently owned by insiders.

CMS Energy Stock Performance

Shares of CMS stock traded up $1.30 during trading hours on Friday, hitting $74.45. 1,066,454 shares of the company were exchanged, compared to its average volume of 2,223,975. The firm has a fifty day simple moving average of $70.35 and a 200 day simple moving average of $69.23. The stock has a market capitalization of $22.24 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $75.06. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

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

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were issued a $0.5425 dividend. The ex-dividend date was Friday, February 14th. 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 dividend yield of 2.91%. CMS Energy's payout ratio is 65.36%.

About CMS Energy

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.