CMS Energy Corporation (NYSE:CMS) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its position in CMS Energy Corporation (NYSE:CMS - Free Report) by 57.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,028 shares of the utilities provider's stock after selling 31,245 shares during the quarter. Bessemer Group Inc.'s holdings in CMS Energy were worth $1,731,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of CMS Energy by 32.4% in the 4th 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 period. Norges Bank purchased a new stake in shares of CMS Energy in the 4th quarter valued at approximately $171,798,000. Massachusetts Financial Services Co. MA raised its stake in shares of CMS Energy by 28.0% in the 4th 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 period. Zimmer Partners LP purchased a new stake in shares of CMS Energy in the 4th quarter valued at approximately $89,173,000. Finally, GAMMA Investing LLC raised its stake in shares of CMS Energy by 8,733.7% in the 1st 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 period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total value of $161,794.78. Following the completion of the transaction, the senior vice president owned 69,571 shares in the company, valued at approximately $5,121,121.31. This represents a 3.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.49% of the company's stock.

CMS Energy Stock Up 1.3%

NYSE CMS traded up $0.87 on Tuesday, hitting $70.15. 2,246,755 shares of the stock were exchanged, compared to its average volume of 2,317,362. The company has a 50-day moving average price of $70.78 and a 200-day moving average price of $70.14. CMS Energy Corporation has a fifty-two week low of $58.50 and a fifty-two week high of $76.45. The company has a quick ratio of 0.84, a current ratio of 1.06 and a debt-to-equity ratio of 1.87. The company has a market cap of $20.98 billion, a PE ratio of 20.82, a PEG ratio of 2.47 and a beta of 0.38.

CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.03). CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The company's quarterly revenue was up 12.5% on a year-over-year basis. Sell-side analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Friday, May 9th. CMS Energy's payout ratio is 64.39%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CMS. Scotiabank reissued an "outperform" rating and issued a $81.00 price target (up from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. Morgan Stanley set a $71.00 price target on shares of CMS Energy and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. BMO Capital Markets boosted their price target 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 upped their target price 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. Finally, Evercore ISI upped their target price 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 equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $77.00.

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.