Magellan Asset Management Ltd Sells 92,482 Shares of CMS Energy Co. (NYSE:CMS)

Magellan Asset Management Ltd trimmed its position in CMS Energy Co. (NYSE:CMS - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,412,524 shares of the utilities provider's stock after selling 92,482 shares during the quarter. Magellan Asset Management Ltd owned 0.47% of CMS Energy worth $94,145,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BankPlus Trust Department acquired a new position in CMS Energy in the 4th quarter valued at $29,000. Richardson Financial Services Inc. lifted its position in CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after purchasing an additional 235 shares during the period. Larson Financial Group LLC increased its holdings in CMS Energy by 2,900.0% in the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after buying an additional 696 shares during the period. Robbins Farley bought a new stake in shares of CMS Energy during the 4th quarter worth approximately $62,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of CMS Energy during the 4th quarter worth approximately $73,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com lowered CMS Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. BMO Capital Markets boosted their target price on CMS Energy from $73.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, March 24th. Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Scotiabank increased their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. Finally, Guggenheim reaffirmed a "neutral" rating and set a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $75.36.

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CMS Energy Trading Up 1.6 %

Shares of CMS stock traded up $1.13 during mid-day trading on Tuesday, hitting $72.07. The company's stock had a trading volume of 684,796 shares, compared to its average volume of 2,238,803. The company has a market cap of $21.53 billion, a PE ratio of 21.67, a P/E/G ratio of 2.56 and a beta of 0.34. CMS Energy Co. has a 52 week low of $56.61 and a 52 week high of $76.45. The company's fifty day simple moving average is $71.32 and its 200-day simple moving average is $69.44. 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 released its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were given a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.01%. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy's dividend payout ratio is presently 65.36%.

Insider Buying and Selling

In related 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 value of $174,600.00. Following the transaction, the director now owns 38,790 shares of the company's stock, valued at approximately $2,709,093.60. This trade represents a 6.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the sale, the chief accounting officer now directly owns 21,643 shares of the company's stock, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,200 shares of company stock worth $789,532 in the last ninety days. Corporate insiders own 0.40% of the company's stock.

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.