CMS Energy Corporation (NYSE:CMS) Stock Position Decreased by Covea Finance

Covea Finance reduced 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 SEC. The fund owned 173,400 shares of the utilities provider's stock after selling 3,900 shares during the quarter. Covea Finance owned approximately 0.06% of CMS Energy worth $13,024,000 as of its most recent filing with the SEC.

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

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 69,571 shares in the company, valued at $5,121,121.31. This represents a 3.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.

CMS Energy Price Performance

Shares of NYSE:CMS traded down $0.14 on Tuesday, reaching $69.73. 3,461,924 shares of the company traded hands, compared to its average volume of 2,309,033. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.06 and a quick ratio of 0.84. The stock has a market capitalization of $20.86 billion, a PE ratio of 20.69, a P/E/G ratio of 2.46 and a beta of 0.39. The company's 50 day moving average is $71.12 and its 200-day moving average is $70.08. CMS Energy Corporation has a fifty-two week low of $58.50 and a fifty-two week high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results 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 company had revenue of $2.45 billion during the quarter, compared to analyst estimates 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 last year, the business earned $0.97 EPS. As a group, analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The firm 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. The ex-dividend date was Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.11%. CMS Energy's payout ratio is currently 64.39%.

Wall Street Analysts Forecast Growth

CMS has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price target on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Jefferies Financial Group raised their target price on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Scotiabank reaffirmed 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. Wall Street Zen cut shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Bank of America boosted 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. One 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $77.00.

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.