CMS Energy Co. (NYSE:CMS) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lessened its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 22.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 20,222 shares of the utilities provider's stock after selling 5,903 shares during the period. Gateway Investment Advisers LLC's holdings in CMS Energy were worth $1,519,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BankPlus Trust Department purchased a new stake in shares of CMS Energy in the fourth quarter valued at $29,000. Larson Financial Group LLC boosted its stake in shares of CMS Energy by 2,900.0% during the 4th 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 period. Optiver Holding B.V. grew its holdings in CMS Energy by 39.2% during the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 229 shares during the last quarter. Mizuho Bank Ltd. purchased a new stake in CMS Energy in the 4th quarter worth about $61,000. Finally, Covestor Ltd lifted its stake in CMS Energy by 51.9% in the fourth quarter. Covestor Ltd now owns 1,065 shares of the utilities provider's stock worth $71,000 after purchasing an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total transaction of $161,794.78. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. BMO Capital Markets upped their target price on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Scotiabank reaffirmed an "outperform" rating and issued a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a research report 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 research note on Monday, March 24th. Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $77.00.

CMS Energy Stock Up 0.6%

CMS Energy stock traded up $0.45 during midday trading on Tuesday, hitting $70.11. 1,603,837 shares of the company's stock were exchanged, compared to its average volume of 2,344,383. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The company has a market cap of $20.97 billion, a PE ratio of 21.12, a P/E/G ratio of 2.56 and a beta of 0.39. The firm has a 50-day moving average of $71.57 and a two-hundred day moving average of $70.03. CMS Energy Co. has a 12 month low of $58.50 and a 12 month high of $76.45.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. CMS Energy's revenue for the quarter was up 12.5% on a year-over-year basis. As a group, analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders 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 yield of 3.10%. CMS Energy's dividend payout ratio is presently 64.39%.

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.