Ameriprise Financial Inc. Reduces Holdings in CMS Energy Co. (NYSE:CMS)

Ameriprise Financial Inc. reduced its position in CMS Energy Co. (NYSE:CMS - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,931,669 shares of the utilities provider's stock after selling 104,404 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.65% of CMS Energy worth $328,641,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BankPlus Trust Department acquired a new position in shares of CMS Energy in the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. increased its holdings in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after buying an additional 235 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 696 shares in the last quarter. Optiver Holding B.V. boosted its position in CMS Energy by 39.2% during the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after purchasing an additional 229 shares during the period. Finally, Mizuho Bank Ltd. acquired a new position in CMS Energy in the 4th quarter valued at $61,000. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Stock Performance

CMS stock traded down $0.37 during midday trading on Friday, hitting $72.23. The company's stock had a trading volume of 2,475,812 shares, compared to its average volume of 2,291,312. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The stock has a market cap of $21.61 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a 1 year low of $58.50 and a 1 year high of $76.45. The stock's 50-day moving average price is $72.88 and its 200 day moving average price is $69.84.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The company's revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business posted $0.97 EPS. On average, equities analysts forecast that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be paid a $0.5425 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.17 annualized dividend and a yield of 3.00%. CMS Energy's dividend payout ratio is currently 64.39%.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the sale, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the director now directly owns 38,790 shares in the company, valued at approximately $2,709,093.60. The trade was a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,398 shares of company stock valued at $951,327 in the last quarter. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CMS has been the topic of a number of research reports. Morgan Stanley set a $74.00 price objective on CMS Energy and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. BMO Capital Markets boosted their target price on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Wells Fargo & Company increased their price objective on shares of CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. StockNews.com cut CMS Energy from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Scotiabank reissued an "outperform" rating and issued a $81.00 target price (up previously from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, CMS Energy presently has a consensus rating of "Moderate Buy" and an average price target of $77.25.

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.