Intech Investment Management LLC Sells 67,872 Shares of CMS Energy Co. (NYSE:CMS)

Intech Investment Management LLC decreased its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 28.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 171,667 shares of the utilities provider's stock after selling 67,872 shares during the period. Intech Investment Management LLC owned approximately 0.06% of CMS Energy worth $12,125,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CMS. First Horizon Advisors Inc. increased its holdings in CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider's stock worth $31,000 after purchasing an additional 275 shares in the last quarter. Strategy Asset Managers LLC increased its holdings in CMS Energy by 21.5% during the 3rd quarter. Strategy Asset Managers LLC now owns 5,122 shares of the utilities provider's stock worth $362,000 after purchasing an additional 906 shares in the last quarter. Prospera Private Wealth LLC bought a new position in CMS Energy during the 3rd quarter worth about $77,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in CMS Energy during the 3rd quarter worth about $7,736,000. Finally, Banque Cantonale Vaudoise increased its holdings in CMS Energy by 42.4% during the 3rd quarter. Banque Cantonale Vaudoise now owns 19,936 shares of the utilities provider's stock worth $1,408,000 after purchasing an additional 5,937 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

Insider Activity

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the sale, the senior vice president now owns 64,771 shares in the company, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company's stock.

CMS Energy Price Performance

Shares of NYSE CMS traded up $0.31 during mid-day trading on Friday, reaching $69.52. 1,310,189 shares of the company were exchanged, compared to its average volume of 2,271,807. CMS Energy Co. has a 52 week low of $55.10 and a 52 week high of $72.40. 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 $20.77 billion, a PE ratio of 19.85, a PEG ratio of 2.73 and a beta of 0.41. The company's 50 day moving average price is $69.73 and its 200 day moving average price is $65.42.

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

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.96%. This is an increase from CMS Energy's previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy's dividend payout ratio is 58.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Morgan Stanley reduced their price objective on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a research note on Friday. Mizuho downgraded shares of CMS Energy from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $76.00 to $72.00 in a research note on Tuesday, October 15th. BMO Capital Markets reduced their price objective on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Evercore ISI upgraded shares of CMS Energy to a "hold" rating in a research note on Friday, July 26th. Finally, KeyCorp raised their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.21.

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.