CMS Energy Co. (NYSE:CMS) Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its position in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 22,736 shares of the utilities provider's stock after selling 22,735 shares during the quarter. Tredje AP fonden's holdings in CMS Energy were worth $1,515,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMS. Fisher Funds Management LTD acquired a new stake in CMS Energy during the 4th quarter worth about $53,904,000. Massachusetts Financial Services Co. MA lifted its position in CMS Energy by 10.4% during the 3rd 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 during the period. National Bank of Canada FI lifted its position in CMS Energy by 404.8% during the 3rd quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider's stock worth $63,053,000 after acquiring an additional 715,891 shares during the period. Assenagon Asset Management S.A. lifted its position in CMS Energy by 760.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider's stock worth $46,664,000 after acquiring an additional 618,767 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of CMS Energy by 552.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider's stock valued at $39,978,000 after buying an additional 479,336 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

Remove Ads

CMS Energy Price Performance

Shares of NYSE CMS traded up $0.27 during midday trading on Wednesday, hitting $73.77. The stock had a trading volume of 2,270,121 shares, compared to its average volume of 2,134,942. 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 Co. has a 1 year low of $56.61 and a 1 year high of $75.06. The company has a market capitalization of $22.04 billion, a PE ratio of 22.22, a P/E/G ratio of 2.56 and a beta of 0.35. The stock has a 50 day simple moving average of $69.35 and a 200-day simple moving average of $69.01.

CMS Energy (NYSE:CMS - Get Free Report) last announced 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 net margin of 13.35% and a return on equity of 12.02%. On average, sell-side analysts expect 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. Shareholders of record on Monday, February 17th were paid a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 2.94%. The ex-dividend date was Friday, February 14th. This is a boost from CMS Energy's previous quarterly dividend of $0.52. CMS Energy's payout ratio is 65.36%.

Wall Street Analyst Weigh In

CMS has been the subject of several analyst reports. StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Guggenheim reissued a "neutral" rating and issued a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Barclays raised 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 report on Thursday, February 20th. Scotiabank boosted their price objective on CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Finally, Morgan Stanley decreased their price objective on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. Six 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.com, CMS Energy currently has an average rating of "Moderate Buy" and an average target price of $73.00.

Insiders Place Their Bets

In other news, Director John G. Russell sold 28,750 shares of the business's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the transaction, the director now owns 144,059 shares of the company's stock, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the business'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 transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,950 shares of company stock valued at $2,682,720 in the last 90 days. 0.40% of the stock is owned by insiders.

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.