CMS Energy Co. (NYSE:CMS) Stock Holdings Reduced by Summit Global Investments

Summit Global Investments trimmed its position in CMS Energy Co. (NYSE:CMS - Free Report) by 16.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,496 shares of the utilities provider's stock after selling 37,152 shares during the quarter. CMS Energy accounts for approximately 1.1% of Summit Global Investments' portfolio, making the stock its 12th largest holding. Summit Global Investments owned about 0.07% of CMS Energy worth $14,684,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of CMS Energy by 8,733.7% in the first quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider's stock valued at $76,110,000 after buying an additional 1,001,838 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of CMS Energy by 781.7% in the first quarter. Versant Capital Management Inc now owns 1,878 shares of the utilities provider's stock valued at $141,000 after buying an additional 1,665 shares in the last quarter. Mattson Financial Services LLC grew its stake in shares of CMS Energy by 811.2% in the fourth quarter. Mattson Financial Services LLC now owns 1,631 shares of the utilities provider's stock valued at $115,000 after buying an additional 1,452 shares in the last quarter. Siemens Fonds Invest GmbH grew its stake in shares of CMS Energy by 25.4% in the fourth quarter. Siemens Fonds Invest GmbH now owns 4,048 shares of the utilities provider's stock valued at $270,000 after buying an additional 819 shares in the last quarter. Finally, Cim LLC grew its stake in shares of CMS Energy by 2.0% in the fourth quarter. Cim LLC now owns 18,068 shares of the utilities provider's stock valued at $1,204,000 after buying an additional 346 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Stock Performance

NYSE:CMS traded up $0.32 during midday trading on Tuesday, reaching $70.54. 889,189 shares of the company traded hands, compared to its average volume of 2,533,734. The company has a fifty day moving average price of $72.03 and a 200 day moving average price of $69.99. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The firm has a market capitalization of $21.10 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45.

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

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Friday, May 9th. CMS Energy's dividend payout ratio is presently 64.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Scotiabank reiterated an "outperform" rating and issued a $81.00 target price (up previously from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. Morgan Stanley set a $71.00 price objective on CMS Energy and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. UBS Group lifted their price objective on CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Wells Fargo & Company lifted their target price on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Bank of America lifted their target price on CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. 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 data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $77.00.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total value of $161,794.78. Following the sale, the senior vice president now owns 69,571 shares of the company's stock, valued at approximately $5,121,121.31. The trade was a 3.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.40% of the company's stock.

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.