CMS Energy Co. (NYSE:CMS) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its position in CMS Energy Co. (NYSE:CMS - Free Report) by 22.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,483 shares of the utilities provider's stock after selling 20,446 shares during the period. Stifel Financial Corp's holdings in CMS Energy were worth $4,698,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CMS. BankPlus Trust Department acquired a new stake in shares of CMS Energy in the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. boosted its stake in CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after purchasing an additional 235 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of CMS Energy by 2,900.0% during the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after buying an additional 696 shares in the last quarter. Mizuho Bank Ltd. acquired a new stake in shares of CMS Energy in the fourth quarter valued at about $61,000. Finally, Robbins Farley acquired a new position in CMS Energy during the fourth quarter worth about $62,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Stock Up 0.7 %

NYSE CMS traded up $0.52 during trading hours on Tuesday, hitting $73.56. 378,192 shares of the company were exchanged, compared to its average volume of 2,275,806. The company has a 50 day moving average of $72.89 and a two-hundred day moving average of $69.78. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The firm has a market cap of $22.00 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a 52-week low of $58.50 and a 52-week high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $2.32 billion. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The business's quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. Equities research analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders 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 yield of 2.95%. CMS Energy's dividend payout ratio is currently 64.39%.

Insider Activity

In other news, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy 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 sale, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the sale, the senior vice president now directly owns 71,931 shares of the company's stock, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,200 shares of company stock worth $789,532. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CMS. UBS Group boosted their target price on CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. BMO Capital Markets upped their target price on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Scotiabank reiterated an "outperform" rating and set a $81.00 price target (up previously from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Morgan Stanley set a $74.00 price target on shares of CMS Energy and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Finally, StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.25.

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.