Jennison Associates LLC Sells 37,711 Shares of CMS Energy Co. (NYSE:CMS)

Jennison Associates LLC reduced its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,075,180 shares of the utilities provider's stock after selling 37,711 shares during the period. Jennison Associates LLC owned approximately 0.71% of CMS Energy worth $120,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. CI Investments Inc. raised its holdings in shares of CMS Energy by 3.0% during the third quarter. CI Investments Inc. now owns 6,415 shares of the utilities provider's stock valued at $341,000 after acquiring an additional 185 shares during the last quarter. Stratos Wealth Advisors LLC lifted its holdings in CMS Energy by 2.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 8,187 shares of the utilities provider's stock worth $435,000 after buying an additional 192 shares during the last quarter. Centerpoint Advisors LLC increased its position in shares of CMS Energy by 25.0% during the third quarter. Centerpoint Advisors LLC now owns 1,000 shares of the utilities provider's stock worth $53,000 after purchasing an additional 200 shares in the last quarter. Atria Investments Inc increased its position in shares of CMS Energy by 0.6% during the third quarter. Atria Investments Inc now owns 37,933 shares of the utilities provider's stock worth $2,015,000 after purchasing an additional 227 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its position in CMS Energy by 0.3% in the 4th quarter. IFM Investors Pty Ltd now owns 97,475 shares of the utilities provider's stock valued at $5,660,000 after acquiring an additional 269 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on CMS. JPMorgan Chase & Co. lifted their price objective on CMS Energy from $65.00 to $66.00 and gave the company an "overweight" rating in a report on Wednesday, March 13th. Royal Bank of Canada cut their price target on CMS Energy from $65.00 to $63.00 and set an "outperform" rating for the company in a report on Monday, March 4th. Barclays dropped their price objective on CMS Energy from $58.00 to $57.00 and set an "equal weight" rating for the company in a report on Monday, April 15th. KeyCorp upped their price objective on CMS Energy from $65.00 to $66.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Seaport Res Ptn downgraded CMS Energy from a "buy" rating to a "neutral" rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $63.00.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following the transaction, the senior vice president now directly owns 68,971 shares in the company, valued at $3,985,144.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is owned by company insiders.

CMS Energy Stock Down 0.2 %

Shares of CMS stock traded down $0.10 on Tuesday, hitting $59.90. The company's stock had a trading volume of 3,175,361 shares, compared to its average volume of 2,446,024. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.98 and a quick ratio of 0.66. CMS Energy Co. has a fifty-two week low of $49.87 and a fifty-two week high of $63.76. The firm's fifty day moving average price is $58.50 and its 200-day moving average price is $57.29. The stock has a market capitalization of $17.89 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 2.31 and a beta of 0.38.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.01. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.62 billion. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The firm's revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. Research analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.515 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.06 annualized dividend and a yield of 3.44%. CMS Energy's dividend payout ratio is 68.44%.

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.