Sumitomo Mitsui Trust Group Inc. Sells 25,709 Shares of CMS Energy Corporation (NYSE:CMS)

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 3.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 729,453 shares of the utilities provider's stock after selling 25,709 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of CMS Energy worth $54,789,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its holdings in shares of CMS Energy by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock valued at $5,103,000 after purchasing an additional 392 shares during the last quarter. State of Alaska Department of Revenue grew its position in CMS Energy by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider's stock worth $2,629,000 after purchasing an additional 950 shares during the period. Proficio Capital Partners LLC purchased a new stake in CMS Energy during the 4th quarter valued at $4,938,000. Envestnet Asset Management Inc. lifted its holdings in shares of CMS Energy by 1.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 854,716 shares of the utilities provider's stock valued at $56,967,000 after buying an additional 15,918 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of CMS Energy by 195.2% in the 1st quarter. Farther Finance Advisors LLC now owns 3,297 shares of the utilities provider's stock worth $248,000 after buying an additional 2,180 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

Shares of CMS traded up $0.75 during mid-day trading on Thursday, reaching $70.44. The stock had a trading volume of 1,413,304 shares, compared to its average volume of 2,321,522. The business has a fifty day moving average of $70.63 and a 200 day moving average of $70.14. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.84 and a current ratio of 1.06. The firm has a market cap of $21.07 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.48 and a beta of 0.38. CMS Energy Corporation 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 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 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 analysts' expectations of $2.32 billion. During the same quarter last year, the firm posted $0.97 EPS. The firm's quarterly revenue was up 12.5% compared to the same quarter last year. Equities analysts predict that CMS Energy Corporation will post 3.59 EPS 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 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 3.08%. CMS Energy's dividend payout ratio is presently 64.39%.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the stock in a transaction that occurred 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 sale, the senior vice president directly owned 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on CMS. Evercore ISI upped their price objective on CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research report on Monday, April 28th. Bank of America upped their price target on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Morgan Stanley set a $71.00 price objective on shares of CMS Energy and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Scotiabank restated an "outperform" rating and set a $81.00 target price (up from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Finally, BMO Capital Markets increased their price target on shares of CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, CMS Energy currently has an average rating of "Hold" and a consensus 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.