Rhumbline Advisers Sells 9,710 Shares of CMS Energy Co. (NYSE:CMS)

Rhumbline Advisers lessened its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 634,195 shares of the utilities provider's stock after selling 9,710 shares during the period. Rhumbline Advisers owned approximately 0.21% of CMS Energy worth $42,269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CMS. Massachusetts Financial Services Co. MA increased its position in shares of CMS Energy by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider's stock worth $537,503,000 after acquiring an additional 719,093 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CMS Energy by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider's stock valued at $528,713,000 after purchasing an additional 105,062 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of CMS Energy by 0.9% in 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 purchasing an additional 18,403 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of CMS Energy by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider's stock worth $128,715,000 after buying an additional 25,196 shares during the period. Finally, Brookfield Corp ON grew its holdings in shares of CMS Energy by 0.6% during the third quarter. Brookfield Corp ON now owns 1,199,811 shares of the utilities provider's stock worth $84,743,000 after buying an additional 7,142 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CMS shares. StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Jefferies Financial Group initiated coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They set a "buy" rating and a $76.00 price target on the stock. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $68.00 to $75.00 in a research report on Thursday. 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. Finally, BMO Capital Markets lowered their price target on CMS Energy from $77.00 to $76.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $71.69.

CMS Energy Stock Performance

CMS stock traded up $0.51 during mid-day trading on Thursday, hitting $70.66. 1,092,766 shares of the company were exchanged, compared to its average volume of 2,165,581. CMS Energy Co. has a 1-year low of $56.31 and a 1-year high of $72.40. The business has a 50 day simple moving average of $67.07 and a 200-day simple moving average of $68.18. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $21.11 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 2.52 and a beta of 0.42.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating 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%. On average, equities analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be issued a $0.5425 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a yield of 3.07%. This is an increase from CMS Energy's previous quarterly dividend of $0.52. CMS Energy's payout ratio is currently 65.36%.

Insider Buying and Selling at CMS Energy

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the sale, the chief accounting officer now directly owns 21,643 shares in the company, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John G. Russell sold 28,750 shares of the firm's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the transaction, the director now owns 144,059 shares in the company, valued at $9,486,285.15. The trade was a 16.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,450 shares of company stock valued at $2,495,020 in the last quarter. Company 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.