Allianz Asset Management GmbH Trims Stock Holdings in CMS Energy Corporation (NYSE:CMS)

Key Points

• Allianz Asset Management GmbH has reduced its stake in CMS Energy Corporation by 83.7%, selling 171,577 shares and now holds 33,345 shares valued at approximately $2.5 million.
• CMS Energy recently announced a quarterly dividend of $0.5425 per share, with an annualized payout of $2.17 representing a 3.00% dividend yield.
• Analysts have varied opinions on CMS Energy, with one rating it as a sell and others assigning targets ranging from $71.00 to $83.00 per share.

Allianz Asset Management GmbH trimmed its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 83.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,345 shares of the utilities provider's stock after selling 171,577 shares during the period. Allianz Asset Management GmbH's holdings in CMS Energy were worth $2,505,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position 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 valued at $950,227,000 after acquiring an additional 3,486,074 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in CMS Energy by 28.0% during 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. Zimmer Partners LP bought a new position in CMS Energy during the fourth quarter valued at $89,173,000. GAMMA Investing LLC increased its position in CMS Energy by 8,733.7% during the first quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider's stock valued at $76,110,000 after acquiring an additional 1,001,838 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in CMS Energy during the first quarter valued at $41,611,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. BMO Capital Markets boosted their target price 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. Wells Fargo & Company boosted their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a research note on Monday, July 7th. Scotiabank reaffirmed an "outperform" rating and issued a $81.00 price objective (up from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. Finally, Evercore ISI upped their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, CMS Energy presently has a consensus rating of "Hold" and a consensus price target of $77.25.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total transaction of $161,794.78. Following the completion of the sale, the senior vice president owned 69,571 shares in the company, valued at $5,121,121.31. The trade was a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently owned by insiders.

CMS Energy Trading Up 0.4%

Shares of NYSE:CMS traded up $0.30 during midday trading on Friday, reaching $74.10. 2,926,292 shares of the company's stock were exchanged, compared to its average volume of 2,495,815. The firm's 50 day simple moving average is $70.39 and its two-hundred day simple moving average is $70.88. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.06 and a quick ratio of 0.84. The stock has a market cap of $22.16 billion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 2.68 and a beta of 0.38. CMS Energy Corporation has a fifty-two week low of $63.97 and a fifty-two week high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the company posted $0.66 EPS. CMS Energy's revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be paid a dividend of $0.5425 per share. The ex-dividend date is Friday, August 8th. This represents a $2.17 annualized dividend and a yield of 2.9%. CMS Energy's payout ratio is presently 64.39%.

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.