Bokf Na Sells 42,453 Shares of CMS Energy Co. (NYSE:CMS)

Bokf Na cut its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 35.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,376 shares of the utilities provider's stock after selling 42,453 shares during the period. Bokf Na's holdings in CMS Energy were worth $5,101,000 at the end of the most recent quarter.

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

CMS Energy Trading Up 0.5 %

Shares of CMS Energy stock opened at $73.41 on Wednesday. The stock has a fifty day moving average price of $72.91 and a 200-day moving average price of $69.81. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The firm has a market cap of $21.96 billion, a PE ratio of 22.11, a P/E/G 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.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). The company had revenue of $2.45 billion for 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 business's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. Equities research analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 2.96%. The ex-dividend date is Friday, May 9th. CMS Energy's dividend payout ratio (DPR) is 64.39%.

Insiders Place Their Bets

In related news, Director Laura Wright sold 2,500 shares of CMS Energy stock in a transaction that occurred on 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the sale, the senior vice president now directly owns 71,931 shares in the company, 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 sold 11,200 shares of company stock valued at $789,532 over the last ninety days. 0.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CMS. StockNews.com upgraded shares of CMS Energy from a "sell" rating to a "hold" rating in a report on Monday, April 28th. BMO Capital Markets boosted their price target on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. Jefferies Financial Group boosted their price objective on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Finally, Wells Fargo & Company raised their target price on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average 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.

Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Co. (NYSE:CMS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.