CMS Energy Co. (NYSE:CMS) Holdings Trimmed by Voya Investment Management LLC

Voya Investment Management LLC decreased its position in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,316 shares of the utilities provider's stock after selling 5,252 shares during the period. Voya Investment Management LLC's holdings in CMS Energy were worth $6,020,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CMS. Price T Rowe Associates Inc. MD raised its stake in CMS Energy by 32.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock worth $950,227,000 after purchasing an additional 3,486,074 shares during the period. Norges Bank purchased a new stake in shares of CMS Energy during the 4th quarter valued at approximately $171,798,000. Massachusetts Financial Services Co. MA lifted its holdings in CMS Energy by 28.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock valued at $649,264,000 after acquiring an additional 2,131,269 shares during the last quarter. Fisher Funds Management LTD purchased a new position in CMS Energy in the fourth quarter worth approximately $53,904,000. Finally, Prudential Financial Inc. increased its stake in CMS Energy by 207.9% during the fourth quarter. Prudential Financial Inc. now owns 1,115,524 shares of the utilities provider's stock worth $74,350,000 after acquiring an additional 753,182 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Stock Up 0.8 %

NYSE CMS traded up $0.57 on Tuesday, reaching $73.61. The company had a trading volume of 468,139 shares, compared to its average volume of 2,276,296. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. CMS Energy Co. has a 1 year low of $58.50 and a 1 year high of $76.45. The firm has a 50-day moving average of $72.89 and a 200-day moving average of $69.78. The firm has a market capitalization of $22.02 billion, a PE ratio of 22.19, a P/E/G ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results 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 business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The business's revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 earnings per share. On average, equities research analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's dividend payout ratio is currently 64.39%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CMS shares. Morgan Stanley set a $74.00 price objective on shares of CMS Energy and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Guggenheim reaffirmed a "neutral" rating and issued a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. Evercore ISI lifted their target price on CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research report on Monday, April 28th. Jefferies Financial Group raised their price objective on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Finally, StockNews.com upgraded shares of CMS Energy from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $77.25.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Laura Wright sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was 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. This trade represents a 6.05 % 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 valued at $789,532 in the last quarter. Insiders own 0.40% of the company's stock.

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.