CMS Energy Co. (NYSE:CMS) Shares Sold by Strategy Asset Managers LLC

Strategy Asset Managers LLC lessened its stake in shares of CMS Energy Co. (NYSE:CMS) by 5.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,216 shares of the utilities provider’s stock after selling 229 shares during the period. Strategy Asset Managers LLC’s holdings in CMS Energy were worth $248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in CMS Energy by 320.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock valued at $250,026,000 after acquiring an additional 3,282,697 shares in the last quarter. JPMorgan Chase & Co. grew its stake in CMS Energy by 14.0% during the 1st quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock valued at $1,367,483,000 after acquiring an additional 2,786,071 shares in the last quarter. Norges Bank purchased a new stake in CMS Energy during the 4th quarter valued at about $111,004,000. Capital International Investors grew its stake in CMS Energy by 24.8% during the 4th quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock valued at $360,537,000 after acquiring an additional 1,234,791 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in CMS Energy by 34.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,456,713 shares of the utilities provider’s stock valued at $200,731,000 after acquiring an additional 883,180 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,667 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $59.98, for a total transaction of $99,986.66. Following the sale, the senior vice president now directly owns 68,330 shares in the company, valued at approximately $4,098,433.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Jon E. Barfield sold 2,360 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $60.79, for a total value of $143,464.40. Following the sale, the director now directly owns 14,556 shares in the company, valued at approximately $884,859.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 1,667 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $59.98, for a total transaction of $99,986.66. Following the completion of the sale, the senior vice president now owns 68,330 shares in the company, valued at $4,098,433.40. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Evercore ISI raised shares of CMS Energy to a “hold” rating in a research note on Friday, July 26th. Wells Fargo & Company increased their price target on shares of CMS Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. BMO Capital Markets increased their price target on shares of CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. KeyCorp increased their price target on shares of CMS Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Finally, Scotiabank increased their price target on shares of CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and an average target price of $67.33.

CMS Energy Stock Performance

NYSE:CMS opened at $69.16 on Thursday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18. The stock has a market capitalization of $20.65 billion, a P/E ratio of 21.09, a PEG ratio of 2.70 and a beta of 0.38. The company has a 50 day moving average price of $63.83 and a 200 day moving average price of $61.28. CMS Energy Co. has a fifty-two week low of $49.87 and a fifty-two week high of $69.57.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.73 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. Equities research analysts forecast that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 2.95%. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

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.