Russell Investments Group Ltd. Sells 44,607 Shares of CMS Energy Co. (NYSE:CMS)

Russell Investments Group Ltd. cut its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 337,192 shares of the utilities provider's stock after selling 44,607 shares during the quarter. Russell Investments Group Ltd. owned 0.11% of CMS Energy worth $22,474,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its position 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 shares of CMS Energy by 28.0% in 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 period. Geode Capital Management LLC increased its position in shares of CMS Energy by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider's stock worth $505,869,000 after acquiring an additional 98,910 shares in the last quarter. Norges Bank acquired a new stake in shares of CMS Energy during the fourth quarter valued at approximately $171,798,000. Finally, ExodusPoint Capital Management LP lifted 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 in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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CMS Energy Stock Up 2.0 %

NYSE CMS traded up $1.43 during trading on Monday, hitting $73.25. 358,216 shares of the company traded hands, compared to its average volume of 2,446,390. The company has a market capitalization of $21.89 billion, a P/E ratio of 22.06, a PEG ratio of 2.56 and a beta of 0.34. The business has a fifty day simple moving average of $71.91 and a 200 day simple moving average of $69.49. CMS Energy Co. has a 12 month low of $56.61 and a 12 month high of $76.45. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts predict that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 2.96%. CMS Energy's payout ratio is presently 65.36%.

Insider Buying and Selling

In other CMS Energy news, Director Laura Wright sold 2,500 shares of CMS Energy stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total value of $174,600.00. Following the transaction, the director now directly owns 38,790 shares of the company's stock, valued at $2,709,093.60. The trade was a 6.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction on 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 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 11,200 shares of company stock worth $789,532 in the last quarter. 0.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on CMS shares. BMO Capital Markets cut their target price 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. UBS Group raised their price objective on CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Guggenheim reiterated a "neutral" rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Bank of America increased their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. Finally, Barclays raised shares of 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. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, CMS Energy presently has an average rating of "Moderate Buy" and a consensus price target of $75.09.

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.