BROOKFIELD Corp ON Trims Holdings in CMS Energy Co. (NYSE:CMS)

BROOKFIELD Corp ON decreased its position in CMS Energy Co. (NYSE:CMS - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,126,816 shares of the utilities provider's stock after selling 72,995 shares during the quarter. CMS Energy accounts for 0.5% of BROOKFIELD Corp ON's portfolio, making the stock its 27th biggest holding. BROOKFIELD Corp ON owned approximately 0.38% of CMS Energy worth $75,102,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors raised its holdings in CMS Energy by 1.1% during the 4th quarter. Captrust Financial Advisors now owns 41,395 shares of the utilities provider's stock valued at $2,759,000 after buying an additional 470 shares during the period. Beck Bode LLC raised its holdings in shares of CMS Energy by 9.6% in the fourth quarter. Beck Bode LLC now owns 248,803 shares of the utilities provider's stock valued at $16,583,000 after acquiring an additional 21,781 shares in the last quarter. Freestone Grove Partners LP bought a new position in shares of CMS Energy during the fourth quarter valued at approximately $923,000. Bison Wealth LLC purchased a new position in shares of CMS Energy in the 4th quarter valued at $312,000. Finally, AQR Capital Management LLC raised its holdings in CMS Energy by 26.1% in the fourth quarter. AQR Capital Management LLC now owns 309,963 shares of the utilities provider's stock worth $20,659,000 after purchasing an additional 64,164 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CMS shares. Jefferies Financial Group upped their price objective on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a report on Monday, April 21st. Scotiabank reiterated an "outperform" rating and set a $81.00 price target (up previously from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. Wells Fargo & Company raised their price objective on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. Finally, UBS Group raised their price target on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $77.25.

CMS Energy Price Performance

NYSE CMS traded down $0.37 on Friday, hitting $72.23. The company had a trading volume of 2,475,812 shares, compared to its average volume of 2,291,312. 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 company has a market capitalization of $21.61 billion, a PE ratio of 21.76, a PEG ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a 12-month low of $58.50 and a 12-month high of $76.45. The company's fifty 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 issued its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The company had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.32 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The company's quarterly revenue was up 12.5% compared to the same quarter last year. As a group, analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be given a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's payout ratio is 64.39%.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 71,931 shares in the company, valued at $5,306,349.87. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the transaction, the chief accounting officer now 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. In the last ninety days, insiders sold 13,398 shares of company stock valued at $951,327. 0.40% of the stock is owned by insiders.

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.