New England Asset Management Inc. Lowers Stock Holdings in CMS Energy Co. (NYSE:CMS)

New England Asset Management Inc. trimmed its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 35.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 82,015 shares of the utilities provider's stock after selling 44,165 shares during the period. New England Asset Management Inc.'s holdings in CMS Energy were worth $5,466,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Millennium Management LLC grew its position in CMS Energy by 165.5% in the fourth quarter. Millennium Management LLC now owns 320,877 shares of the utilities provider's stock worth $21,386,000 after acquiring an additional 200,036 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in CMS Energy by 4.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,271 shares of the utilities provider's stock worth $2,084,000 after acquiring an additional 1,451 shares during the period. Janus Henderson Group PLC boosted its position in shares of CMS Energy by 12.7% during the fourth quarter. Janus Henderson Group PLC now owns 539,887 shares of the utilities provider's stock worth $35,988,000 after buying an additional 60,684 shares during the period. Hudson Bay Capital Management LP boosted its position in shares of CMS Energy by 3.6% during the fourth quarter. Hudson Bay Capital Management LP now owns 223,967 shares of the utilities provider's stock worth $14,927,000 after buying an additional 7,746 shares during the period. Finally, Graham Capital Management L.P. boosted its position in shares of CMS Energy by 69.3% during the fourth quarter. Graham Capital Management L.P. now owns 79,691 shares of the utilities provider's stock worth $5,311,000 after buying an additional 32,611 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Stock Up 0.8%

CMS Energy stock traded up $0.60 during midday trading on Friday, reaching $71.50. The company's stock had a trading volume of 2,410,494 shares, compared to its average volume of 2,312,079. CMS Energy Co. has a fifty-two week low of $58.50 and a fifty-two week 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 company has a market cap of $21.39 billion, a P/E ratio of 21.53, a P/E/G ratio of 2.56 and a beta of 0.42. The business has a 50-day simple moving average of $72.64 and a 200-day simple moving average of $69.81.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings results 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 net margin of 13.35% and a return on equity of 12.02%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. The firm's quarterly revenue was up 12.5% on a year-over-year basis. On average, research analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's dividend payout ratio is presently 64.39%.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total transaction of $161,794.78. Following the sale, the senior vice president now owns 69,571 shares in the company, valued at approximately $5,121,121.31. The trade was a 3.06% decrease in their ownership of the stock. The transaction 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 CMS Energy stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total value of $174,600.00. Following the sale, the director now owns 38,790 shares in the company, valued at $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 a total of 6,698 shares of company stock worth $483,935 over the last ninety days. Corporate insiders own 0.40% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on CMS shares. Scotiabank restated an "outperform" rating and set a $81.00 price target (up from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Morgan Stanley set a $74.00 price target on CMS Energy and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. StockNews.com lowered CMS Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 9th. BMO Capital Markets raised 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, April 29th. Finally, Evercore ISI raised their price target on CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.25.

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.