Schonfeld Strategic Advisors LLC Sells 25,412 Shares of CMS Energy Co. (NYSE:CMS)

Schonfeld Strategic Advisors LLC trimmed its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 56.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,250 shares of the utilities provider's stock after selling 25,412 shares during the period. Schonfeld Strategic Advisors LLC's holdings in CMS Energy were worth $1,283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Smith Group Asset Management LLC acquired a new stake in shares of CMS Energy in the 4th quarter worth about $333,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of CMS Energy by 39.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider's stock worth $1,342,000 after acquiring an additional 5,662 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of CMS Energy by 0.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock worth $5,103,000 after acquiring an additional 392 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of CMS Energy by 49.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider's stock worth $1,787,000 after acquiring an additional 8,927 shares during the period. Finally, Hennessy Advisors Inc. increased its holdings in shares of CMS Energy by 2.7% in the 4th quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider's stock worth $11,377,000 after acquiring an additional 4,500 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CMS shares. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. BMO Capital Markets increased their price objective on shares of CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. StockNews.com cut CMS Energy from a "hold" rating to a "sell" rating in a report on Friday. Scotiabank reaffirmed an "outperform" rating and set a $81.00 target price (up from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Finally, Wells Fargo & Company increased their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. One investment 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's stock. According to data from MarketBeat.com, CMS Energy currently has an average rating of "Moderate Buy" and a consensus target price of $77.25.

CMS Energy Stock Performance

Shares of NYSE:CMS traded down $0.78 on Tuesday, hitting $69.30. 836,901 shares of the company were exchanged, compared to its average volume of 2,286,676. The company's 50 day moving average price is $72.83 and its two-hundred day moving average price is $69.82. CMS Energy Co. has a one year low of $58.50 and a one year high of $76.45. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The firm has a market capitalization of $20.73 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The company's quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the firm earned $0.97 EPS. Research analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be paid a $0.5425 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.17 annualized dividend and a dividend yield of 3.13%. CMS Energy's dividend payout ratio is presently 64.39%.

Insider Activity

In related news, Director Laura Wright sold 2,500 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the transaction, the director now owns 38,790 shares in the company, valued at $2,709,093.60. This represents a 6.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. This trade represents a 23.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,398 shares of company stock worth $951,327. Corporate 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.