CMS Energy Co. (NYSE:CMS) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 72.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,084 shares of the utilities provider's stock after selling 509,051 shares during the period. Assenagon Asset Management S.A. owned approximately 0.06% of CMS Energy worth $14,352,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. BankPlus Trust Department purchased a new position in shares of CMS Energy during the fourth quarter worth approximately $29,000. Larson Financial Group LLC boosted its holdings in CMS Energy by 2,900.0% in the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after acquiring an additional 696 shares in the last quarter. Optiver Holding B.V. increased its position in shares of CMS Energy by 39.2% during the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after buying an additional 229 shares during the period. Mizuho Bank Ltd. purchased a new position in shares of CMS Energy during the 4th quarter worth approximately $61,000. Finally, NBC Securities Inc. bought a new position in CMS Energy in the first quarter worth $75,000. 93.57% of the stock is owned by institutional investors.

CMS Energy Trading Down 1.4%

NYSE:CMS traded down $0.96 during trading hours on Monday, reaching $69.57. 526,597 shares of the stock were exchanged, compared to its average volume of 2,309,838. The business has a 50-day moving average of $71.41 and a two-hundred day moving average of $70.03. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $20.81 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 2.56 and a beta of 0.39.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 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 analysts' expectations of $2.32 billion. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The company's revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS. On average, equities analysts predict that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were paid a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Friday, May 9th. CMS Energy's dividend payout ratio (DPR) is 64.39%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Morgan Stanley set a $71.00 target price on shares of CMS Energy and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. UBS Group increased their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Scotiabank reissued an "outperform" rating and set a $81.00 price target (up previously from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Finally, Wells Fargo & Company increased their price objective on shares of CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $77.00.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the company's stock in a transaction dated 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 now directly owns 69,571 shares in the company, valued at $5,121,121.31. This represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.40% of the company's stock.

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.