CMS Energy Corporation (NYSE:CMS) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. cut its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 17.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,900 shares of the utilities provider's stock after selling 16,800 shares during the quarter. Intact Investment Management Inc.'s holdings in CMS Energy were worth $5,926,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in CMS Energy by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock worth $5,103,000 after acquiring an additional 392 shares during the period. State of Alaska Department of Revenue increased its stake in shares of CMS Energy by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider's stock worth $2,629,000 after purchasing an additional 950 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of CMS Energy during the 4th quarter worth about $4,938,000. Envestnet Asset Management Inc. lifted its stake in CMS Energy by 1.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 854,716 shares of the utilities provider's stock valued at $56,967,000 after buying an additional 15,918 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in CMS Energy by 195.2% in the 1st quarter. Farther Finance Advisors LLC now owns 3,297 shares of the utilities provider's stock worth $248,000 after buying an additional 2,180 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Trading Down 1.6%

Shares of NYSE CMS traded down $1.10 during mid-day trading on Wednesday, reaching $68.61. 2,583,860 shares of the company's stock were exchanged, compared to its average volume of 2,313,593. The company's 50-day moving average is $71.06 and its 200-day moving average is $70.08. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.84 and a current ratio of 1.06. The firm has a market capitalization of $20.52 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.48 and a beta of 0.39. CMS Energy Corporation has a 52-week low of $58.50 and a 52-week high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last announced 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). 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 for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. CMS Energy's revenue was up 12.5% on a year-over-year basis. Analysts expect that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 9th were given a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Friday, May 9th. CMS Energy's dividend payout ratio is currently 64.39%.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the company's stock in a transaction that occurred on 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 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CMS. Wells Fargo & Company boosted their price objective on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Evercore ISI lifted 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. BMO Capital Markets upped their price objective 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. Wall Street Zen cut CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Bank of America upped their target price on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, CMS Energy has an average rating of "Hold" and a consensus 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.