CMS Energy Co. (NYSE:CMS) Shares Sold by Mattern Capital Management LLC

Mattern Capital Management LLC lowered its stake in CMS Energy Co. (NYSE:CMS) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 120,921 shares of the utilities provider’s stock after selling 2,551 shares during the quarter. Mattern Capital Management LLC’s holdings in CMS Energy were worth $8,059,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CMS. Bryn Mawr Capital Management LLC lifted its holdings in CMS Energy by 5.0% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 5,000 shares of the utilities provider’s stock valued at $317,000 after acquiring an additional 240 shares during the last quarter. Mcdonald Partners LLC purchased a new stake in CMS Energy during the fourth quarter valued at about $225,000. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in CMS Energy by 6.5% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,420 shares of the utilities provider’s stock valued at $628,000 after buying an additional 575 shares in the last quarter. BKM Wealth Management LLC lifted its stake in CMS Energy by 5.7% during the fourth quarter. BKM Wealth Management LLC now owns 9,958 shares of the utilities provider’s stock valued at $664,000 after buying an additional 535 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in CMS Energy by 76.5% during the fourth quarter. Venturi Wealth Management LLC now owns 2,670 shares of the utilities provider’s stock valued at $178,000 after buying an additional 1,157 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

CMS has been the subject of a number of analyst reports. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Morgan Stanley reduced their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. BMO Capital Markets reduced their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $68.00 to $75.00 in a report on Thursday. Finally, Guggenheim reissued a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $71.69.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the transaction, the director now directly owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,450 shares of company stock valued at $2,495,020. 0.40% of the stock is currently owned by company insiders.

CMS Energy Stock Up 0.9 %

CMS opened at $70.76 on Friday. CMS Energy Co. has a fifty-two week low of $56.31 and a fifty-two week high of $72.40. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The firm’s fifty day moving average price is $67.07 and its two-hundred day moving average price is $68.18. The company has a market capitalization of $21.14 billion, a P/E ratio of 21.31, a P/E/G ratio of 2.52 and a beta of 0.42.

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

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders 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 3.07%. CMS Energy’s dividend payout ratio (DPR) is presently 65.36%.

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.