CMS Energy Co. (NYSE:CMS) Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd decreased its holdings in CMS Energy Co. (NYSE:CMS) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 48,211 shares of the utilities provider’s stock after selling 402 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CMS Energy were worth $3,213,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers grew its stake in CMS Energy by 6.2% in the 2nd quarter. Cetera Investment Advisers now owns 27,850 shares of the utilities provider’s stock valued at $1,658,000 after acquiring an additional 1,631 shares during the period. CWM LLC lifted its holdings in CMS Energy by 31.3% during the third quarter. CWM LLC now owns 12,407 shares of the utilities provider’s stock valued at $876,000 after purchasing an additional 2,959 shares in the last quarter. LVW Advisors LLC acquired a new stake in shares of CMS Energy in the third quarter valued at about $276,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of CMS Energy by 772.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,179 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 3,700 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in shares of CMS Energy by 10.6% during the third quarter. Exchange Traded Concepts LLC now owns 12,056 shares of the utilities provider’s stock worth $852,000 after purchasing an additional 1,159 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays lifted their price objective on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Guggenheim reaffirmed a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a research note on Friday. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Mizuho cut shares of CMS Energy from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $76.00 to $72.00 in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group started coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.15.

CMS Energy Price Performance

Shares of CMS stock opened at $68.69 on Monday. The firm’s 50-day moving average is $66.77 and its two-hundred day moving average is $67.89. CMS Energy Co. has a 12 month low of $55.10 and a 12 month high of $72.40. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.23 and a quick ratio of 0.83. The company has a market capitalization of $20.52 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.48 and a beta of 0.42.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 17th will be issued a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.16%. CMS Energy’s dividend payout ratio is currently 65.36%.

Insider Buying and Selling

In other news, Director John G. Russell sold 28,750 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the transaction, the director now directly owns 144,059 shares in the company, valued at $9,486,285.15. This trade represents a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Scott B. Mcintosh sold 936 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the sale, the chief accounting officer now owns 24,417 shares in the company, valued at $1,672,564.50. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,686 shares of company stock valued at $2,228,084. 0.40% of the stock is currently owned by insiders.

About CMS Energy

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.