CMS Energy Corporation (NYSE:CMS) Shares Sold by Fisher Funds Management LTD

Fisher Funds Management LTD reduced its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 780,606 shares of the utilities provider's stock after selling 31,140 shares during the period. CMS Energy accounts for about 1.4% of Fisher Funds Management LTD's holdings, making the stock its 22nd biggest holding. Fisher Funds Management LTD owned approximately 0.26% of CMS Energy worth $58,631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC increased its position in CMS Energy by 2,900.0% during the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after purchasing an additional 696 shares during the last quarter. Optiver Holding B.V. increased its position in CMS Energy by 39.2% during the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after purchasing an additional 229 shares during the last quarter. Mizuho Bank Ltd. acquired a new stake in CMS Energy during the fourth quarter worth about $61,000. Bernard Wealth Management Corp. acquired a new stake in CMS Energy during the first quarter worth about $72,000. Finally, NBC Securities Inc. acquired a new stake in CMS Energy during the first quarter worth about $75,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy 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 transaction, the senior vice president owned 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is owned by corporate insiders.

CMS Energy Stock Down 1.2%

Shares of NYSE CMS traded down $0.87 during midday trading on Monday, hitting $69.60. The company's stock had a trading volume of 2,990,947 shares, compared to its average volume of 2,327,243. The business's fifty day simple moving average is $70.52 and its two-hundred day simple moving average is $70.25. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.06 and a quick ratio of 0.84. CMS Energy Corporation has a 1 year low of $58.50 and a 1 year high of $76.45. The firm has a market capitalization of $20.82 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 2.51 and a beta of 0.38.

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

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were paid a $0.5425 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a yield of 3.12%. CMS Energy's dividend payout ratio is currently 64.39%.

Wall Street Analyst Weigh In

CMS has been the subject of several research analyst reports. Jefferies Financial Group increased their target price on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Scotiabank reaffirmed an "outperform" rating and set a $81.00 target price (up previously from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. BMO Capital Markets increased their target price on shares of CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Morgan Stanley set a $71.00 target price on shares of CMS Energy and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Finally, UBS Group increased their target price on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.