Mattern Capital Management LLC Sells 3,925 Shares of CMS Energy Corporation (NYSE:CMS)

Mattern Capital Management LLC lowered its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,996 shares of the utilities provider's stock after selling 3,925 shares during the period. Mattern Capital Management LLC's holdings in CMS Energy were worth $8,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Signaturefd LLC grew its position in CMS Energy by 4.9% in the fourth quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider's stock valued at $317,000 after purchasing an additional 220 shares in the last quarter. Optiver Holding B.V. lifted its stake in CMS Energy by 39.2% in the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after acquiring an additional 229 shares during the last quarter. SageView Advisory Group LLC lifted its stake in CMS Energy by 7.1% in the fourth quarter. SageView Advisory Group LLC now owns 3,762 shares of the utilities provider's stock valued at $251,000 after acquiring an additional 249 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in CMS Energy by 9.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 3,200 shares of the utilities provider's stock valued at $213,000 after acquiring an additional 283 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its stake in CMS Energy by 10.5% in the fourth quarter. CoreCap Advisors LLC now owns 3,124 shares of the utilities provider's stock valued at $208,000 after acquiring an additional 297 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

NYSE:CMS opened at $69.73 on Wednesday. CMS Energy Corporation has a 52 week low of $58.50 and a 52 week high of $76.45. The firm has a market cap of $20.86 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 2.49 and a beta of 0.39. The firm's 50-day simple moving average is $71.06 and its 200 day simple moving average is $70.08. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.84 and a current ratio of 1.06.

CMS Energy (NYSE:CMS - Get Free Report) last released 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 return on equity of 12.06% and a net margin of 13.10%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the business posted $0.97 earnings per share. CMS Energy's revenue was up 12.5% compared to the same quarter last year. As a group, sell-side analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were given a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date was Friday, May 9th. CMS Energy's dividend payout ratio is 64.39%.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total value of $161,794.78. Following the transaction, the senior vice president now directly owns 69,571 shares of the company's stock, valued at $5,121,121.31. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Jefferies Financial Group increased their price target on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Monday, April 21st. UBS Group increased their price target on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Wells Fargo & Company raised their target price on shares of CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Bank of America raised their target price on shares of CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. Finally, Evercore ISI raised their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research note on Monday, April 28th. One research 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. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target 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.

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