Kovitz Investment Group Partners LLC Sells 3,932 Shares of CMS Energy Co. (NYSE:CMS)

Kovitz Investment Group Partners LLC reduced its position in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 28.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,079 shares of the utilities provider's stock after selling 3,932 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in CMS Energy were worth $672,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BankPlus Trust Department purchased a new stake in shares of CMS Energy during the fourth quarter worth about $29,000. Richardson Financial Services Inc. lifted its holdings in CMS Energy by 106.8% in 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 during the period. Larson Financial Group LLC grew its position in shares of CMS Energy by 2,900.0% in the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after buying an additional 696 shares during the last quarter. Mizuho Bank Ltd. purchased a new position in shares of CMS Energy during the fourth quarter valued at approximately $61,000. Finally, Robbins Farley bought a new position in shares of CMS Energy during the fourth quarter valued at approximately $62,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CMS shares. Scotiabank reissued an "outperform" rating and set a $81.00 price objective (up from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. BMO Capital Markets increased their price target on shares of CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Wells Fargo & Company lifted their price objective on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Finally, Jefferies Financial Group lifted their price target on CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, CMS Energy currently has an average rating of "Moderate Buy" and an average price target of $77.25.

CMS Energy Stock Down 0.1 %

Shares of NYSE CMS traded down $0.04 during trading on Friday, reaching $72.93. The company had a trading volume of 1,771,939 shares, compared to its average volume of 2,284,777. CMS Energy Co. has a 12-month low of $58.50 and a 12-month high of $76.45. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The business's 50-day moving average is $72.89 and its 200 day moving average is $69.78. The stock has a market cap of $21.82 billion, a PE ratio of 21.97, a P/E/G ratio of 2.56 and a beta of 0.34.

CMS Energy (NYSE:CMS - Get Free Report) last announced 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). The firm had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $2.32 billion. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The business's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. As a group, equities analysts forecast that CMS Energy Co. will post 3.59 earnings per share 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. Investors of record on Friday, May 9th will be given a $0.5425 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.17 annualized dividend and a yield of 2.98%. CMS Energy's dividend payout ratio (DPR) is presently 64.39%.

Insider Buying and Selling at CMS Energy

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

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.