USS Investment Management Ltd Sells 42,048 Shares of CMS Energy Co. (NYSE:CMS)

USS Investment Management Ltd reduced its position in CMS Energy Co. (NYSE:CMS - Free Report) by 70.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,559 shares of the utilities provider's stock after selling 42,048 shares during the quarter. USS Investment Management Ltd's holdings in CMS Energy were worth $1,171,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BankPlus Trust Department acquired a new position in shares of CMS Energy in the fourth quarter worth about $29,000. Richardson Financial Services Inc. increased its position in shares of CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after acquiring an additional 235 shares during the period. Larson Financial Group LLC grew its stake in shares of CMS Energy by 2,900.0% during the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after purchasing an additional 696 shares in the last quarter. Optiver Holding B.V. raised its stake in 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 acquiring an additional 229 shares in the last quarter. Finally, Mizuho Bank Ltd. acquired a new stake in CMS Energy during the 4th quarter worth $61,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy 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 sale, the senior vice president now owns 69,571 shares of the company's stock, valued at $5,121,121.31. The trade was a 3.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Evercore ISI boosted their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research report on Monday, April 28th. UBS Group boosted their target price on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $68.00 to $75.00 in a report on Thursday, February 20th. Finally, Morgan Stanley set a $71.00 target price on shares of CMS Energy and gave the company an "equal weight" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $77.00.

CMS Energy Trading Up 0.1%

Shares of CMS Energy stock traded up $0.08 during midday trading on Friday, reaching $69.63. The company had a trading volume of 464,029 shares, compared to its average volume of 2,295,991. The stock has a fifty day moving average price of $72.12 and a 200 day moving average price of $69.93. 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 $20.83 billion, a PE 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 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $2.32 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The company's revenue was up 12.5% compared to the same quarter last year. On average, equities analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's payout ratio is 64.39%.

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.