CMS Energy Co. (NYSE:CMS) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its position in CMS Energy Co. (NYSE:CMS - Free Report) by 8.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 96,715 shares of the utilities provider's stock after selling 8,723 shares during the period. Sei Investments Co.'s holdings in CMS Energy were worth $6,446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMS. Smith Group Asset Management LLC purchased a new position in shares of CMS Energy in the fourth quarter worth about $333,000. Hennion & Walsh Asset Management Inc. lifted its stake in CMS Energy by 39.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider's stock worth $1,342,000 after purchasing an additional 5,662 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of CMS Energy by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock worth $5,103,000 after purchasing an additional 392 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of CMS Energy by 49.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider's stock valued at $1,787,000 after purchasing an additional 8,927 shares in the last quarter. Finally, Hennessy Advisors Inc. increased its holdings in shares of CMS Energy by 2.7% in the fourth quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider's stock valued at $11,377,000 after purchasing an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Remove Ads

CMS Energy Trading Down 3.6 %

NYSE CMS traded down $2.70 on Friday, reaching $72.81. The stock had a trading volume of 4,394,563 shares, compared to its average volume of 2,237,564. CMS Energy Co. has a 12-month low of $56.61 and a 12-month high of $76.45. The stock has a fifty day moving average price of $71.24 and a two-hundred day moving average price of $69.43. The firm has a market capitalization of $21.76 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 2.56 and a beta of 0.35. The company has a quick ratio of 0.57, a current ratio of 0.79 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 (EPS) 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 forecast that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were paid a dividend of $0.5425 per share. This is an increase from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 2.98%. The ex-dividend date was Friday, February 14th. CMS Energy's dividend payout ratio is presently 65.36%.

Insiders Place Their Bets

In other CMS Energy news, Director Laura Wright sold 2,500 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the sale, the director now owns 38,790 shares in the company, valued at $2,709,093.60. This represents a 6.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the transaction, the senior vice president now owns 71,931 shares of the company's stock, valued at $5,306,349.87. The trade was a 2.71 % decrease in their position. 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. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CMS has been the topic of a number of recent research reports. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. UBS Group boosted their price target on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Bank of America raised their price objective 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. Guggenheim reiterated a "neutral" rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Finally, Scotiabank raised their price target on shares of CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, CMS Energy currently has a consensus rating of "Hold" and an average price target of $75.36.

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.