Swiss National Bank Cuts Stake in CMS Energy Co. (NYSE:CMS)

Swiss National Bank lowered its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 912,200 shares of the utilities provider's stock after selling 25,900 shares during the period. Swiss National Bank owned about 0.31% of CMS Energy worth $52,971,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Headinvest LLC bought a new position in CMS Energy during the third quarter valued at about $26,000. Tobam increased its stake in shares of CMS Energy by 2,432.3% during the 4th quarter. Tobam now owns 785 shares of the utilities provider's stock worth $46,000 after purchasing an additional 754 shares during the last quarter. CVA Family Office LLC purchased a new position in CMS Energy in the fourth quarter valued at approximately $47,000. Quent Capital LLC grew its holdings in CMS Energy by 63.8% during the fourth quarter. Quent Capital LLC now owns 829 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 323 shares during the period. Finally, Centerpoint Advisors LLC increased its position in CMS Energy by 25.0% in the third quarter. Centerpoint Advisors LLC now owns 1,000 shares of the utilities provider's stock worth $53,000 after buying an additional 200 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. 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 research note on Monday, March 4th. Barclays lifted their target price on shares of CMS Energy from $57.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 30th. Wolfe Research upgraded shares of CMS Energy from a "peer perform" rating to an "outperform" rating and set a $62.00 price target on the stock in a research note on Tuesday, January 16th. BMO Capital Markets lifted their price objective on shares of CMS Energy from $67.00 to $68.00 and gave the company an "outperform" rating in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. raised their price target on CMS Energy from $65.00 to $66.00 and gave the stock an "overweight" rating in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, CMS Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.50.

Insider Buying and Selling at CMS Energy

In related news, SVP Brian F. Rich sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total value of $122,200.00. Following the completion of the sale, the senior vice president now owns 97,682 shares in the company, valued at approximately $5,968,370.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the business's stock in a transaction 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 completion of the sale, the senior vice president now directly owns 68,971 shares of the company's stock, valued at $3,985,144.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brian F. Rich sold 2,000 shares of the firm's stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the transaction, the senior vice president now directly owns 97,682 shares in the company, valued at $5,968,370.20. The disclosure for this sale can be found here. Company insiders own 0.53% of the company's stock.

CMS Energy Price Performance

Shares of CMS traded up $0.61 during trading hours on Tuesday, reaching $62.22. 2,257,360 shares of the company's stock traded hands, compared to its average volume of 2,528,583. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.82. The firm's 50 day simple moving average is $59.31 and its 200-day simple moving average is $57.84. The stock has a market cap of $18.55 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 2.51 and a beta of 0.37. CMS Energy Co. has a 12 month low of $49.87 and a 12 month high of $63.76.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. CMS Energy's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 earnings per share. Equities analysts expect that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.06 dividend on an annualized basis and a yield of 3.31%. CMS Energy's dividend payout ratio is presently 62.80%.

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.