CMS Energy Co. (NYSE:CMS) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 76.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,964 shares of the utilities provider's stock after selling 131,703 shares during the quarter. Intech Investment Management LLC's holdings in CMS Energy were worth $2,664,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Smith Group Asset Management LLC acquired a new position in shares of CMS Energy in the 4th quarter valued at $333,000. Meeder Advisory Services Inc. grew its stake in CMS Energy by 10.6% during the 3rd quarter. Meeder Advisory Services Inc. now owns 11,925 shares of the utilities provider's stock worth $842,000 after buying an additional 1,147 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in CMS Energy by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider's stock valued at $537,503,000 after buying an additional 719,093 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of CMS Energy by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider's stock valued at $1,342,000 after acquiring an additional 5,662 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in shares of CMS Energy by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock worth $5,103,000 after acquiring an additional 392 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

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CMS Energy Price Performance

CMS stock traded down $0.34 during trading on Monday, reaching $73.17. 3,677,849 shares of the company were exchanged, compared to its average volume of 2,141,322. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The stock's 50 day moving average price is $69.81 and its 200 day moving average price is $69.12. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $75.06. The company has a market cap of $21.86 billion, a P/E ratio of 22.04, a PEG ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were given a $0.5425 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 2.97%. CMS Energy's payout ratio is currently 65.36%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Guggenheim reissued a "neutral" rating and set a $69.00 price objective on shares of CMS Energy in a research report on Friday, February 7th. 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 report on Monday. Scotiabank upped their price objective on CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. UBS Group lifted their target price on CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, CMS Energy currently has an average rating of "Moderate Buy" and a consensus target price of $75.36.

Insider Activity at CMS Energy

In related news, Director Laura Wright sold 2,500 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business'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 completion of the transaction, the senior vice president now directly owns 71,931 shares of the company's stock, valued at $5,306,349.87. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,200 shares of company stock valued at $789,532. Insiders own 0.40% of the company's stock.

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.