Schonfeld Strategic Advisors LLC cut its position in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 56.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 19,250 shares of the utilities provider's stock after selling 25,412 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in CMS Energy were worth $1,283,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of CMS. Vanguard Group Inc. grew its position in CMS Energy by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider's stock worth $2,544,370,000 after buying an additional 316,011 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of CMS Energy by 32.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock worth $950,227,000 after acquiring an additional 3,486,074 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of CMS Energy by 28.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock worth $649,264,000 after purchasing an additional 2,131,269 shares during the period. Geode Capital Management LLC lifted its holdings in shares of CMS Energy by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider's stock valued at $505,869,000 after purchasing an additional 98,910 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of CMS Energy by 11.6% in the 4th quarter. Northern Trust Corp now owns 2,986,489 shares of the utilities provider's stock valued at $199,049,000 after purchasing an additional 311,489 shares during the period. Institutional investors own 93.57% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on CMS shares. Morgan Stanley set a $74.00 price objective on shares of CMS Energy and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Evercore ISI upped their price target on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research report on Monday, April 28th. Scotiabank reiterated an "outperform" rating and set a $81.00 price objective (up from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Guggenheim restated a "neutral" rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Finally, Wells Fargo & Company lifted their price target on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $77.25.
Check Out Our Latest Stock Analysis on CMS Energy
CMS Energy Stock Down 0.5 %
NYSE:CMS traded down $0.37 during mid-day trading on Friday, reaching $72.23. The stock had a trading volume of 2,475,812 shares, compared to its average volume of 2,290,155. The stock has a market cap of $21.61 billion, a P/E ratio of 21.76, a PEG ratio of 2.56 and a beta of 0.42. The business's 50 day moving average is $72.88 and its 200 day moving average is $69.85. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. CMS Energy Co. has a fifty-two week low of $58.50 and a fifty-two week high of $76.45.
CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The business's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. As a group, sell-side analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current year.
CMS Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Friday, May 9th. CMS Energy's dividend payout ratio is 64.39%.
Insider Activity at CMS Energy
In related news, Director Laura Wright sold 2,500 shares of the business's stock in a transaction on 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 of the company's stock, valued at approximately $2,709,093.60. The trade was a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the sale, the chief accounting officer now directly owns 21,643 shares of the company's stock, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,398 shares of company stock valued at $951,327. Corporate insiders own 0.40% of the company's stock.
CMS Energy Company Profile
(
Free Report)
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.
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