Shell Asset Management Co. Has $465,000 Position in CMS Energy Co. (NYSE:CMS)

Shell Asset Management Co. decreased its position in CMS Energy Co. (NYSE:CMS - Free Report) by 54.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,972 shares of the utilities provider's stock after selling 8,358 shares during the period. Shell Asset Management Co.'s holdings in CMS Energy were worth $465,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BankPlus Trust Department purchased a new position in shares of CMS Energy during the fourth quarter valued at $29,000. Richardson Financial Services Inc. grew its stake in CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 235 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of 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 purchasing an additional 696 shares during the period. Optiver Holding B.V. increased its holdings in shares of 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 purchasing an additional 229 shares during the period. Finally, Mizuho Bank Ltd. purchased a new stake in shares of CMS Energy in the fourth quarter worth approximately $61,000. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Stock Performance

CMS stock traded down $1.46 during midday trading on Thursday, hitting $69.30. 2,191,018 shares of the company traded hands, compared to its average volume of 2,309,582. The business has a 50 day simple moving average of $72.61 and a 200-day simple moving average of $69.87. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45. The stock has a market capitalization of $20.73 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42.

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

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be paid a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.17 annualized dividend and a yield of 3.13%. CMS Energy's payout ratio is 64.39%.

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 dated 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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CMS shares. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Wednesday. UBS Group boosted their price target on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Bank of America increased their price objective on CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Wells Fargo & Company boosted their target price on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, BMO Capital Markets upped their target price on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" 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.