Lord Abbett & CO. LLC Sells 3,488 Shares of CMS Energy Co. (NYSE:CMS)

Lord Abbett & CO. LLC decreased its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,331,828 shares of the utilities provider's stock after selling 3,488 shares during the period. Lord Abbett & CO. LLC owned about 0.45% of CMS Energy worth $88,766,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Virtu Financial LLC raised its stake in shares of CMS Energy by 18.0% during the third quarter. Virtu Financial LLC now owns 18,358 shares of the utilities provider's stock valued at $1,297,000 after acquiring an additional 2,800 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of CMS Energy during the third quarter valued at $248,000. Wilmington Savings Fund Society FSB bought a new position in shares of CMS Energy during the third quarter valued at $589,000. Tidal Investments LLC raised its stake in shares of CMS Energy by 17.6% during the third quarter. Tidal Investments LLC now owns 19,780 shares of the utilities provider's stock valued at $1,397,000 after acquiring an additional 2,965 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in CMS Energy by 7.6% during the third quarter. Principal Financial Group Inc. now owns 408,331 shares of the utilities provider's stock worth $28,840,000 after buying an additional 28,695 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Insider Activity

In other CMS Energy news, Director Laura Wright sold 2,500 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction 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 represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the transaction, the senior vice president now directly owns 71,931 shares of the company's stock, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,200 shares of company stock valued at $789,532 over the last three months. Corporate insiders own 0.40% of the company's stock.

Analyst Ratings Changes

CMS has been the subject of a number of analyst reports. Morgan Stanley set a $74.00 target price on shares of CMS Energy and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. UBS Group lifted their target price on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Guggenheim reissued a "neutral" rating and set a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. Finally, Jefferies Financial Group raised their price target on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, CMS Energy presently 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 $0.09 during mid-day trading on Wednesday, reaching $73.54. 1,393,632 shares of the company's stock traded hands, compared to its average volume of 2,585,149. The stock has a market cap of $21.97 billion, a P/E ratio of 22.15, a PEG ratio of 2.56 and a beta of 0.34. The business has a 50-day simple moving average of $72.83 and a 200 day simple moving average of $69.72. CMS Energy Co. has a 1-year low of $58.50 and a 1-year high of $76.45. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results 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 the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. CMS Energy's quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 EPS. On average, analysts expect that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Friday, May 9th. CMS Energy's dividend payout ratio is presently 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.