Cidel Asset Management Inc. Sells 50,262 Shares of CMS Energy Co. (NYSE:CMS)

Cidel Asset Management Inc. lowered its holdings in CMS Energy Co. (NYSE:CMS) by 20.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 190,789 shares of the utilities provider’s stock after selling 50,262 shares during the quarter. Cidel Asset Management Inc.’s holdings in CMS Energy were worth $12,716,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Richardson Financial Services Inc. raised its stake in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 235 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after buying an additional 275 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of CMS Energy during the 3rd quarter valued at $40,000. Covestor Ltd lifted its holdings in shares of CMS Energy by 206.1% during the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 472 shares during the last quarter. Finally, Values First Advisors Inc. purchased a new position in CMS Energy in the third quarter worth $56,000. Institutional investors own 93.57% of the company’s stock.

CMS Energy Price Performance

CMS stock opened at $68.69 on Friday. The firm’s 50-day moving average price is $66.80 and its two-hundred day moving average price is $67.80. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40. The stock has a market capitalization of $20.52 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 2.39 and a beta of 0.42. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. As a group, equities analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 17th 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 3.16%. The ex-dividend date is Friday, February 14th. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio is currently 58.86%.

Analyst Ratings Changes

CMS has been the topic of a number of research reports. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets dropped their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Scotiabank increased their price target on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Guggenheim reissued a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a research note on Friday. Finally, Jefferies Financial Group began coverage on shares of CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price on the stock. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $71.15.

Insider Buying and Selling

In other news, CAO Scott B. Mcintosh sold 936 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the transaction, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the sale, the senior vice president now owns 64,771 shares in the company, valued at $4,415,439.07. This represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,686 shares of company stock valued at $2,228,084 over the last quarter. 0.53% of the stock is owned by company 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.