Toronto Dominion Bank Has $11.05 Million Holdings in CMS Energy Co. (NYSE:CMS)

Toronto Dominion Bank trimmed its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 7.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 165,847 shares of the utilities provider's stock after selling 13,376 shares during the quarter. Toronto Dominion Bank owned approximately 0.06% of CMS Energy worth $11,054,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. boosted its position in CMS Energy by 5.8% during the 4th quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider's stock worth $266,000 after acquiring an additional 220 shares during the period. Signaturefd LLC raised its position in shares of CMS Energy by 4.9% during the 4th quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider's stock worth $317,000 after buying an additional 220 shares in the last quarter. Stephens Consulting LLC raised its position in shares of CMS Energy by 5.5% during the 4th quarter. Stephens Consulting LLC now owns 4,327 shares of the utilities provider's stock worth $288,000 after buying an additional 225 shares in the last quarter. Optiver Holding B.V. raised its position in shares of CMS Energy by 39.2% during the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after buying an additional 229 shares in the last quarter. Finally, Richardson Financial Services Inc. raised its position in shares of CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after buying an additional 235 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

Insider Activity 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 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 owns 69,571 shares in the company, valued at approximately $5,121,121.31. This represents a 3.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by insiders.

CMS Energy Trading Down 0.0%

NYSE CMS traded down $0.01 on Monday, hitting $70.22. 2,784,760 shares of the company were exchanged, compared to its average volume of 2,307,028. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45. The company's 50 day moving average price is $72.03 and its 200-day moving average price is $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 $21.00 billion, a P/E ratio of 21.15, 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 quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The firm's revenue was up 12.5% compared to the same quarter last year. Analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current fiscal 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 annualized dividend and a yield of 3.09%. The ex-dividend date was Friday, May 9th. CMS Energy's payout ratio is 64.39%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Scotiabank reissued an "outperform" rating and issued a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. Jefferies Financial Group boosted their price objective on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Wall Street Zen cut shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Morgan Stanley set a $71.00 price target on shares of CMS Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.