CMS Energy Co. (NYSE:CMS) Shares Sold by Crestline Management LP

Crestline Management LP reduced its position in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 24.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 128,797 shares of the utilities provider's stock after selling 41,164 shares during the quarter. Crestline Management LP's holdings in CMS Energy were worth $8,584,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. World Investment Advisors LLC bought a new stake in shares of CMS Energy in the 3rd quarter worth about $248,000. Tidal Investments LLC lifted its stake in shares of CMS Energy by 17.6% in the 3rd quarter. Tidal Investments LLC now owns 19,780 shares of the utilities provider's stock valued at $1,397,000 after purchasing an additional 2,965 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of CMS Energy by 7.6% during the 3rd quarter. Principal Financial Group Inc. now owns 408,331 shares of the utilities provider's stock valued at $28,840,000 after purchasing an additional 28,695 shares during the last quarter. Fulton Bank N.A. raised its holdings in CMS Energy by 15.9% during the 4th quarter. Fulton Bank N.A. now owns 5,362 shares of the utilities provider's stock valued at $357,000 after buying an additional 734 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in CMS Energy by 3.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 117,226 shares of the utilities provider's stock worth $8,280,000 after buying an additional 3,390 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Guggenheim reaffirmed a "neutral" rating and set a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Bank of America raised their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. Scotiabank reissued an "outperform" rating and issued a $81.00 price objective (up from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Finally, StockNews.com lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Friday. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $77.25.

Insider Buying and Selling at CMS Energy

In related news, Director Laura Wright sold 2,500 shares of CMS Energy stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the transaction, the director now directly owns 38,790 shares of the company's stock, valued at approximately $2,709,093.60. The trade was a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the sale, the chief accounting officer now directly owns 21,643 shares in the company, valued at $1,509,815.68. This trade represents a 23.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,398 shares of company stock valued at $951,327. 0.40% of the stock is owned by company insiders.

CMS Energy Stock Down 0.5 %

Shares of NYSE:CMS traded down $0.37 during trading hours on Friday, reaching $72.23. The stock 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 quick ratio of 0.57 and a current ratio of 0.79. The firm's 50 day moving average is $72.88 and its 200-day moving average is $69.84. The stock has a market capitalization of $21.61 billion, a price-to-earnings ratio of 21.76, 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 announced its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to analysts' expectations 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 quarter in the prior year, the company earned $0.97 earnings per share. Research analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

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 given a $0.5425 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a yield of 3.00%. CMS Energy's dividend payout ratio (DPR) is 64.39%.

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.