CMS Energy Co. (NYSE:CMS) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC reduced its position in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 56.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,954 shares of the utilities provider's stock after selling 12,937 shares during the quarter. Gotham Asset Management LLC's holdings in CMS Energy were worth $663,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BankPlus Trust Department purchased a new position in CMS Energy in the 4th quarter valued at about $29,000. Richardson Financial Services Inc. lifted its stake in CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock valued at $30,000 after buying an additional 235 shares in the last quarter. Larson Financial Group LLC lifted its stake in CMS Energy by 2,900.0% in the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after buying an additional 696 shares in the last quarter. Optiver Holding B.V. lifted its stake in CMS Energy by 39.2% in the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after buying an additional 229 shares in the last quarter. Finally, Mizuho Bank Ltd. purchased a new position in CMS Energy in the 4th quarter valued at about $61,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Trading Up 0.5%

CMS Energy stock traded up $0.32 during trading on Friday, hitting $69.68. The company had a trading volume of 1,948,084 shares, compared to its average volume of 2,308,827. CMS Energy Co. has a 1-year low of $58.50 and a 1-year high of $76.45. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The company's 50 day simple moving average is $72.45 and its 200-day simple moving average is $69.88. The stock has a market cap of $20.84 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The business's revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. As a group, analysts expect that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be paid a $0.5425 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.17 annualized dividend and a dividend yield of 3.11%. CMS Energy's dividend payout ratio (DPR) is 64.39%.

Analysts Set New Price Targets

A number of analysts have commented on CMS shares. BMO Capital Markets increased their price objective on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Scotiabank reiterated an "outperform" rating and issued a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Wells Fargo & Company boosted their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Guggenheim reiterated a "neutral" rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Finally, Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, CMS Energy presently has an average rating of "Hold" and an average price target of $77.00.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president now owns 69,571 shares in the company, valued at approximately $5,121,121.31. The trade was 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 the SEC website. Insiders own 0.49% of the company's stock.

CMS Energy 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.