National Bank of Canada FI Sells 92,839 Shares of CMS Energy Co. (NYSE:CMS)

National Bank of Canada FI reduced its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 25.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 273,218 shares of the utilities provider's stock after selling 92,839 shares during the quarter. National Bank of Canada FI owned about 0.09% of CMS Energy worth $16,229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMS. Headinvest LLC acquired a new position in shares of CMS Energy in the third quarter worth $26,000. Tobam boosted 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. Benjamin F. Edwards & Company Inc. grew its holdings in shares of CMS Energy by 30.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider's stock worth $46,000 after buying an additional 185 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of CMS Energy in the fourth quarter valued at approximately $47,000. Finally, Quent Capital LLC boosted its position in CMS Energy by 63.8% during the fourth quarter. Quent Capital LLC now owns 829 shares of the utilities provider's stock worth $48,000 after acquiring an additional 323 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CMS shares. Barclays increased their price target on CMS Energy from $57.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. raised their target price on shares of CMS Energy from $65.00 to $66.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 13th. Royal Bank of Canada cut their price target on shares of CMS Energy from $65.00 to $63.00 and set an "outperform" rating on the stock in a research note on Monday, March 4th. UBS Group cut shares of CMS Energy from a "buy" rating to a "neutral" rating and set a $65.00 price objective for the company. in a research note on Thursday, April 4th. Finally, Wolfe Research raised CMS Energy from a "peer perform" rating to an "outperform" rating and set a $62.00 target price on the stock in a research report on Tuesday, January 16th. One 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 stock. According to data from MarketBeat.com, CMS Energy currently has a consensus rating of "Moderate Buy" and an average price target of $63.50.

CMS Energy Stock Up 0.8 %

NYSE CMS traded up $0.52 during trading hours on Wednesday, reaching $62.74. 2,227,555 shares of the company traded hands, compared to its average volume of 2,525,548. The company has a 50 day moving average of $59.31 and a two-hundred day moving average of $57.84. The stock has a market capitalization of $18.70 billion, a PE ratio of 18.97, a PEG 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. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.82.

CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.05. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The company had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.32 billion. During the same period in the prior year, the company earned $0.70 earnings per share. The firm's revenue was down 4.7% compared to the same quarter last year. As a group, equities analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Tuesday, May 14th. CMS Energy's payout ratio is 62.80%.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total transaction of $202,230.00. Following the completion of the transaction, the senior vice president now directly owns 68,971 shares of the company's stock, valued at approximately $3,985,144.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other CMS Energy news, SVP Brian F. Rich sold 2,000 shares of CMS Energy stock in a transaction that occurred on 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 owns 97,682 shares in the company, valued at $5,968,370.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Brandon J. Hofmeister sold 3,500 shares of the 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 sale, the senior vice president now owns 68,971 shares of the company's stock, valued at approximately $3,985,144.38. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

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.