Hsbc Holdings PLC Cuts Stock Position in CMS Energy Co. (NYSE:CMS)

Hsbc Holdings PLC lowered its position in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 634,749 shares of the utilities provider's stock after selling 37,100 shares during the period. Hsbc Holdings PLC owned about 0.21% of CMS Energy worth $42,276,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Pallas Capital Advisors LLC raised its holdings in shares of CMS Energy by 4.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider's stock valued at $297,000 after purchasing an additional 173 shares in the last quarter. Mather Group LLC. raised its stake in CMS Energy by 5.8% in the fourth quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider's stock worth $266,000 after buying an additional 220 shares in the last quarter. Signaturefd LLC lifted its holdings in CMS Energy by 4.9% during the fourth quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider's stock worth $317,000 after buying an additional 220 shares during the period. Stephens Consulting LLC boosted its position in CMS Energy by 5.5% during the 4th quarter. Stephens Consulting LLC now owns 4,327 shares of the utilities provider's stock valued at $288,000 after acquiring an additional 225 shares in the last quarter. Finally, Richardson Financial Services Inc. increased 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 acquiring an additional 235 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Guggenheim restated a "neutral" rating and set a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. Bank of America raised their price target on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a report on Monday, March 24th. Evercore ISI boosted their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research note on Monday. Morgan Stanley set a $74.00 target price on shares of CMS Energy and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets upped their price target on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $77.25.

CMS Energy Stock Performance

Shares of NYSE CMS traded down $0.33 during mid-day trading on Wednesday, hitting $73.30. The stock had a trading volume of 1,809,952 shares, compared to its average volume of 2,591,267. The firm has a market cap of $21.90 billion, a PE ratio of 22.08, a PEG ratio of 2.56 and a beta of 0.34. 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 company has a 50 day moving average of $72.83 and a two-hundred day moving average of $69.72. 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 quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) 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 analysts' expectations of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. Research analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be paid a $0.5425 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.96%. CMS Energy's payout ratio is currently 64.39%.

Insider Transactions at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the sale, the chief accounting officer now directly owns 21,643 shares of the company's stock, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Laura Wright sold 2,500 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the transaction, the director now directly owns 38,790 shares of the company's stock, valued at approximately $2,709,093.60. This trade represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,200 shares of company stock worth $789,532 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

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.