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

Toronto Dominion Bank decreased its position in CMS Energy Co. (NYSE:CMS - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 165,847 shares of the utilities provider's stock after selling 13,376 shares during the quarter. Toronto Dominion Bank owned 0.06% of CMS Energy worth $11,054,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. BankPlus Trust Department acquired a new position in CMS Energy during the 4th quarter valued at approximately $29,000. Richardson Financial Services Inc. boosted its position 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 purchasing an additional 235 shares during the period. Larson Financial Group LLC boosted its position in CMS Energy by 2,900.0% during 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. boosted its position in CMS Energy by 39.2% during 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. acquired a new position in CMS Energy during the 4th quarter valued at approximately $61,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. BMO Capital Markets boosted their price objective on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. UBS Group boosted their price target on CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Scotiabank reiterated an "outperform" rating and set a $81.00 price target (up previously from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Finally, Morgan Stanley set a $71.00 price target on CMS Energy and gave the stock an "equal weight" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $77.00.

CMS Energy Price Performance

Shares of CMS Energy stock traded up $0.32 during trading on Friday, hitting $69.68. The stock had a trading volume of 1,948,084 shares, compared to its average volume of 2,308,827. 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 cap of $20.84 billion, a P/E ratio of 20.99, a PEG ratio of 2.56 and a beta of 0.42. The business has a fifty day moving average of $72.45 and a two-hundred day moving average of $69.88. CMS Energy Co. has a fifty-two week low of $58.50 and a fifty-two week high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The company's quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. On average, sell-side analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be given a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Friday, May 9th. CMS Energy's dividend payout ratio (DPR) is presently 64.39%.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the sale, the senior vice president now directly owns 71,931 shares of the company's stock, valued at approximately $5,306,349.87. This represents a 2.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is owned by insiders.

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.