CMS Energy Corporation (NYSE:CMS) Stock Holdings Lessened by Intact Investment Management Inc.

Intact Investment Management Inc. lowered its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 17.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 78,900 shares of the utilities provider's stock after selling 16,800 shares during the period. Intact Investment Management Inc.'s holdings in CMS Energy were worth $5,926,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. First American Bank grew its position in shares of CMS Energy by 1.0% during the first quarter. First American Bank now owns 80,649 shares of the utilities provider's stock worth $6,058,000 after acquiring an additional 798 shares during the last quarter. Canton Hathaway LLC bought a new position in shares of CMS Energy during the first quarter worth about $751,000. Segment Wealth Management LLC bought a new position in shares of CMS Energy during the first quarter worth about $376,000. Spirit of America Management Corp NY grew its position in shares of CMS Energy by 3.8% during the first quarter. Spirit of America Management Corp NY now owns 13,800 shares of the utilities provider's stock worth $1,037,000 after acquiring an additional 500 shares during the last quarter. Finally, Blue Trust Inc. grew its position in CMS Energy by 22.3% in the 1st quarter. Blue Trust Inc. now owns 7,535 shares of the utilities provider's stock valued at $566,000 after buying an additional 1,374 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

Shares of NYSE:CMS traded up $0.21 during trading hours on Friday, hitting $69.00. 3,506,781 shares of the company's stock traded hands, compared to its average volume of 2,305,281. CMS Energy Corporation has a 52 week low of $58.50 and a 52 week high of $76.45. 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 company's fifty day simple moving average is $71.19 and its two-hundred day simple moving average is $70.06. The company has a market cap of $20.64 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 2.46 and a beta of 0.39.

CMS Energy (NYSE:CMS - Get Free Report) last posted 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). CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the business posted $0.97 EPS. The business's revenue for the quarter was up 12.5% on a year-over-year basis. As a group, equities analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

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

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the company's 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 completion of the sale, the senior vice president now directly owns 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

CMS has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday. BMO Capital Markets increased their target price on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. UBS Group increased their target price on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Bank of America increased their target price 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. One 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 MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.