Cidel Asset Management Inc. Has $20.80 Million Holdings in CMS Energy Corporation (NYSE:CMS)

Cidel Asset Management Inc. raised its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 45.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 276,943 shares of the utilities provider's stock after purchasing an additional 86,154 shares during the quarter. CMS Energy accounts for 1.4% of Cidel Asset Management Inc.'s portfolio, making the stock its 25th largest holding. Cidel Asset Management Inc. owned approximately 0.09% of CMS Energy worth $20,801,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Spire Wealth Management boosted its stake in CMS Energy by 6.4% in the 1st quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider's stock valued at $191,000 after buying an additional 154 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of CMS Energy by 4.9% during the fourth quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider's stock valued at $317,000 after acquiring an additional 220 shares during the period. Optiver Holding B.V. lifted its holdings 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 acquiring an additional 229 shares during the period. SageView Advisory Group LLC boosted its stake in shares of CMS Energy by 7.1% in the 4th quarter. SageView Advisory Group LLC now owns 3,762 shares of the utilities provider's stock valued at $251,000 after purchasing an additional 249 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of CMS Energy by 9.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,200 shares of the utilities provider's stock worth $213,000 after purchasing an additional 283 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CMS. Bank of America boosted their price target on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Morgan Stanley set a $71.00 target price on CMS Energy and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Wall Street Zen cut CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, June 21st. Jefferies Financial Group boosted their price objective on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Finally, Wells Fargo & Company increased their target price on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $77.00.

CMS Energy Trading Up 1.3%

CMS stock traded up $0.87 during midday trading on Tuesday, reaching $70.15. The stock had a trading volume of 2,246,755 shares, compared to its average volume of 2,317,389. The firm has a market cap of $20.98 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 2.46 and a beta of 0.39. CMS Energy Corporation has a twelve month low of $58.50 and a twelve month 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 business has a fifty day simple moving average of $70.78 and a two-hundred day simple moving average of $70.14.

CMS Energy (NYSE:CMS - Get Free Report) last issued 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). CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The firm's quarterly revenue was up 12.5% compared to the same quarter last year. As a group, research analysts expect that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

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

Insider Activity

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total value of $161,794.78. Following the transaction, the senior vice president owned 69,571 shares of the company's stock, valued at approximately $5,121,121.31. This represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is owned by corporate insiders.

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.