CMS Energy Corporation (NYSE:CMS) Shares Sold by Covea Finance

Covea Finance trimmed its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 173,400 shares of the utilities provider's stock after selling 3,900 shares during the period. Covea Finance owned about 0.06% of CMS Energy worth $13,024,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CMS. Empowered Funds LLC increased its stake in shares of CMS Energy by 10.6% in the fourth quarter. Empowered Funds LLC now owns 5,562 shares of the utilities provider's stock worth $371,000 after buying an additional 534 shares during the last quarter. Principal Securities Inc. grew its holdings in CMS Energy by 33.4% during the 4th quarter. Principal Securities Inc. now owns 1,956 shares of the utilities provider's stock worth $130,000 after acquiring an additional 490 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of CMS Energy by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 410,908 shares of the utilities provider's stock worth $27,387,000 after purchasing an additional 2,577 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of CMS Energy by 5.6% in the 4th quarter. Sanctuary Advisors LLC now owns 36,845 shares of the utilities provider's stock valued at $2,439,000 after purchasing an additional 1,941 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of CMS Energy by 76.5% in the 4th quarter. Venturi Wealth Management LLC now owns 2,670 shares of the utilities provider's stock valued at $178,000 after purchasing an additional 1,157 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CMS shares. Wells Fargo & Company lifted their price target on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Bank of America increased their target price on CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, March 24th. UBS Group lifted their target price on CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Evercore ISI upped their price target on CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research report on Monday, April 28th. Finally, Wall Street Zen cut CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday. One equities research 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 data from MarketBeat.com, CMS Energy currently has an average rating of "Hold" and an average target price of $77.00.

CMS Energy Stock Performance

CMS stock traded up $0.21 during mid-day trading on Friday, reaching $69.00. The company had a trading volume of 3,506,781 shares, compared to its average volume of 2,305,281. 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 $20.64 billion, a P/E ratio of 20.47, 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 $71.19 and its two-hundred day simple moving average is $70.04.

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

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were given a dividend of $0.5425 per share. The ex-dividend date was Friday, May 9th. This represents a $2.17 annualized dividend and a dividend yield of 3.15%. CMS Energy's dividend payout ratio is presently 64.39%.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total transaction of $161,794.78. Following the sale, the senior vice president now directly owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.49% of the company's stock.

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.