Mattern Capital Management LLC Trims Stock Holdings in CMS Energy Corporation (NYSE:CMS)

Mattern Capital Management LLC cut its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 3.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,996 shares of the utilities provider's stock after selling 3,925 shares during the quarter. Mattern Capital Management LLC's holdings in CMS Energy were worth $8,788,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. BankPlus Trust Department purchased a new position in CMS Energy during the fourth quarter valued at $29,000. Larson Financial Group LLC raised its stake in shares of CMS Energy by 2,900.0% in 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. raised its stake in shares of CMS Energy by 39.2% in 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. purchased a new position in shares of CMS Energy in the fourth quarter worth $61,000. Finally, Covestor Ltd raised its stake in shares of 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.

CMS Energy Price Performance

CMS Energy stock traded down $0.13 during midday trading on Friday, reaching $69.03. 2,439,219 shares of the stock traded hands, compared to its average volume of 2,319,168. The stock's fifty day moving average is $70.84 and its 200-day moving average is $70.09. CMS Energy Corporation has a 12 month low of $58.50 and a 12 month high of $76.45. The stock has a market cap of $20.65 billion, a P/E ratio of 20.48, a PEG ratio of 2.46 and a beta of 0.39. The company has a quick ratio of 0.84, a current ratio of 1.06 and a debt-to-equity ratio of 1.87.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS 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 firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the company posted $0.97 earnings per share. CMS Energy's quarterly revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 9th were given a dividend of $0.5425 per share. The ex-dividend date was Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a yield of 3.14%. CMS Energy's dividend payout ratio (DPR) 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 that occurred 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 sale, the senior vice president now directly owns 69,571 shares in the company, valued at $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 available at this link. Company insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CMS shares. UBS Group upped their price objective on CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Scotiabank reissued an "outperform" rating and set a $81.00 price target (up previously from $77.00) on shares of CMS Energy in a report on Friday, April 25th. BMO Capital Markets boosted their price target on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Jefferies Financial Group boosted their price target on CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a report on Monday, April 21st. Finally, Morgan Stanley set a $71.00 price target on CMS Energy and gave the company an "equal weight" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus 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.