T. Rowe Price Investment Management Inc. Sells 2,106,339 Shares of CMS Energy Co. (NYSE:CMS)

T. Rowe Price Investment Management Inc. cut its position in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 90.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,969 shares of the utilities provider's stock after selling 2,106,339 shares during the quarter. T. Rowe Price Investment Management Inc. owned 0.07% of CMS Energy worth $14,195,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, CAO Scott B. Mcintosh sold 6,700 shares of the business's stock in a transaction that occurred on 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 directly owns 21,643 shares of the company's stock, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the transaction, the senior vice president now directly owns 71,931 shares in the company, valued at $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,200 shares of company stock worth $789,532. Insiders own 0.40% of the company's stock.

CMS Energy Trading Down 0.1 %

Shares of NYSE:CMS traded down $0.04 during mid-day trading on Friday, reaching $72.93. The stock had a trading volume of 1,771,557 shares, compared to its average volume of 2,278,855. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45. The firm has a market cap of $21.82 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The firm has a 50 day simple moving average of $72.89 and a two-hundred day simple moving average of $69.77.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). The company had revenue of $2.45 billion during 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%. CMS Energy's revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. On average, research analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

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 of this dividend is Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a yield of 2.98%. CMS Energy's dividend payout ratio is 64.39%.

Analyst Ratings Changes

CMS has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Scotiabank restated an "outperform" rating and issued a $81.00 target price (up from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. BMO Capital Markets raised their price objective on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research report on Tuesday. Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Finally, Bank of America raised their price target on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a report on Monday, March 24th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.