Legal & General Group Plc Sells 534,351 Shares of CMS Energy Co. (NYSE:CMS)

Legal & General Group Plc trimmed its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,087,226 shares of the utilities provider's stock after selling 534,351 shares during the period. Legal & General Group Plc owned 1.03% of CMS Energy worth $205,764,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMS. Vanguard Group Inc. lifted its stake in shares of CMS Energy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider's stock valued at $2,544,370,000 after purchasing an additional 316,011 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in CMS Energy by 28.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock worth $649,264,000 after buying an additional 2,131,269 shares during the last quarter. Geode Capital Management LLC grew its position in shares of CMS Energy by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider's stock worth $505,869,000 after buying an additional 98,910 shares during the period. Norges Bank bought a new stake in shares of CMS Energy in the 4th quarter valued at about $171,798,000. Finally, ExodusPoint Capital Management LP raised its position in shares of CMS Energy by 15.5% in the 4th quarter. ExodusPoint Capital Management LP now owns 2,556,267 shares of the utilities provider's stock valued at $170,375,000 after acquiring an additional 343,677 shares during the period. 93.57% of the stock is owned by institutional investors.

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Insider Buying and Selling at CMS Energy

In other news, Director Laura Wright sold 2,500 shares of the firm's stock in a transaction dated 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 sale, the director now owns 38,790 shares in the company, valued at approximately $2,709,093.60. This trade represents a 6.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the transaction, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. This trade represents a 23.64 % 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 90 days. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

CMS has been the topic of a number of recent analyst reports. Guggenheim reissued a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. UBS Group boosted 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, March 21st. Bank of America raised their price target on CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. Finally, BMO Capital Markets cut their price target on shares of CMS Energy from $80.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $75.09.

CMS Energy Stock Down 0.3 %

NYSE CMS traded down $0.25 during trading hours on Tuesday, hitting $73.28. 851,249 shares of the company traded hands, compared to its average volume of 2,265,923. The stock has a market capitalization of $21.90 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 2.56 and a beta of 0.34. CMS Energy Co. has a twelve month low of $56.61 and a twelve month high of $76.45. The business's 50-day moving average is $72.04 and its 200-day moving average is $69.51. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79.

CMS Energy (NYSE:CMS - Get Free Report) last issued its 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 net margin of 13.35% and a return on equity of 12.02%. Sell-side analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be given a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 2.96%. CMS Energy's dividend payout ratio (DPR) is presently 65.36%.

CMS Energy Company 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.