Mn Services Vermogensbeheer B.V. Has $7.93 Million Stock Holdings in CMS Energy Corporation (NYSE:CMS)

Mn Services Vermogensbeheer B.V. reduced its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,569 shares of the utilities provider's stock after selling 8,200 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in CMS Energy were worth $7,929,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in CMS Energy by 10.6% during the 4th quarter. Empowered Funds LLC now owns 5,562 shares of the utilities provider's stock valued at $371,000 after acquiring an additional 534 shares during the last quarter. Savant Capital LLC bought a new position in CMS Energy during the 4th quarter valued at $222,000. Allspring Global Investments Holdings LLC boosted its stake in CMS Energy by 24.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 312,656 shares of the utilities provider's stock valued at $20,801,000 after acquiring an additional 61,542 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of CMS Energy by 12.7% during the fourth quarter. Van ECK Associates Corp now owns 92,899 shares of the utilities provider's stock worth $6,192,000 after purchasing an additional 10,470 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of CMS Energy by 6.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 185,949 shares of the utilities provider's stock worth $12,470,000 after purchasing an additional 11,100 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Stock Performance

CMS stock traded down $0.38 during mid-day trading on Wednesday, reaching $68.75. The company had a trading volume of 2,393,152 shares, compared to its average volume of 2,312,428. 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 stock has a market capitalization of $20.56 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.46 and a beta of 0.39. CMS Energy Corporation has a one year low of $58.50 and a one year high of $76.45. The stock's 50-day simple moving average is $71.36 and its two-hundred day simple moving average is $70.02.

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

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were issued a dividend of $0.5425 per share. The ex-dividend date was Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.16%. CMS Energy's dividend payout ratio (DPR) is presently 64.39%.

Insider Activity

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 sale, the senior vice president now owns 69,571 shares of the company's stock, valued at $5,121,121.31. The trade was a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.40% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on CMS. Morgan Stanley set a $71.00 price target on shares of CMS Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. BMO Capital Markets increased their target price on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Bank of America raised their price objective on CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. UBS Group raised their price objective on CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, Wall Street Zen cut CMS Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price 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.