CMS Energy Co. (NYSE:CMS) Stake Lowered by Toronto Dominion Bank

Toronto Dominion Bank reduced its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent filing 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 0.06% of CMS Energy worth $11,054,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. BankPlus Trust Department purchased a new stake in CMS Energy in the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. raised its holdings in shares of CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock valued at $30,000 after buying an additional 235 shares during the period. Larson Financial Group LLC lifted its stake 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 worth $48,000 after acquiring an additional 696 shares in the last quarter. Optiver Holding B.V. grew its position in 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 acquiring an additional 229 shares in the last quarter. Finally, Mizuho Bank Ltd. purchased a new stake in CMS Energy during the fourth quarter worth about $61,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Up 0.5%

Shares of CMS stock traded up $0.32 during mid-day trading on Monday, reaching $69.68. 1,948,084 shares of the company were exchanged, compared to its average volume of 2,309,527. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The business's 50 day simple moving average is $72.45 and its 200 day simple moving average is $69.92. The company has a market capitalization of $20.84 billion, a P/E ratio of 20.99, a P/E/G ratio of 2.56 and a beta of 0.42. 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 released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the business earned $0.97 EPS. The firm's revenue was up 12.5% on a year-over-year basis. Research analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

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 issued a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Friday, May 9th. CMS Energy's payout ratio is 64.39%.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the 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 completion of the transaction, the senior vice president now owns 69,571 shares in the company, valued at $5,121,121.31. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Bank of America raised their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Wells Fargo & Company increased their target price on shares of CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Morgan Stanley set a $71.00 price target on shares of CMS Energy and gave the stock an "equal weight" rating in a research note on Thursday. Guggenheim reiterated a "neutral" rating and issued a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. Finally, Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. One investment 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $77.00.

CMS Energy 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.