Allspring Global Investments Holdings LLC Lowers Stock Holdings in CMS Energy Co. (NYSE:CMS)

Allspring Global Investments Holdings LLC reduced its position in CMS Energy Co. (NYSE:CMS) by 3.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 253,096 shares of the utilities provider’s stock after selling 7,803 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CMS Energy were worth $14,697,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CMS. Caisse DE Depot ET Placement DU Quebec bought a new position in CMS Energy during the first quarter valued at approximately $188,418,000. Morgan Stanley grew its holdings in shares of CMS Energy by 75.0% during the 4th quarter. Morgan Stanley now owns 4,457,642 shares of the utilities provider’s stock valued at $282,303,000 after purchasing an additional 1,910,519 shares during the last quarter. Norges Bank bought a new position in shares of CMS Energy during the 4th quarter valued at $115,134,000. American Century Companies Inc. raised its position in CMS Energy by 6,027.8% in the 3rd quarter. American Century Companies Inc. now owns 1,740,776 shares of the utilities provider’s stock worth $92,453,000 after purchasing an additional 1,712,368 shares during the period. Finally, State Street Corp lifted its stake in CMS Energy by 11.0% in the first quarter. State Street Corp now owns 16,331,901 shares of the utilities provider’s stock worth $1,142,253,000 after purchasing an additional 1,613,255 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on CMS. Royal Bank of Canada decreased their price objective on CMS Energy from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Monday, March 4th. Wolfe Research upgraded CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a research report on Tuesday, January 16th. Barclays cut their target price on shares of CMS Energy from $58.00 to $57.00 and set an “equal weight” rating on the stock in a report on Monday. JPMorgan Chase & Co. upped their price target on shares of CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. Finally, BMO Capital Markets cut their price target on shares of CMS Energy from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.55.

CMS Energy Stock Down 0.1 %

Shares of NYSE CMS opened at $57.61 on Tuesday. The firm has a fifty day simple moving average of $58.28 and a two-hundred day simple moving average of $57.06. CMS Energy Co. has a 12 month low of $49.87 and a 12 month high of $63.76. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $17.20 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 2.23 and a beta of 0.38.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.01. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. CMS Energy’s quarterly revenue was down 14.4% on a year-over-year basis. Equities analysts expect that CMS Energy Co. will post 3.34 earnings per share for the current year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Monday, February 12th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend was Friday, February 9th. This is a boost from CMS Energy’s previous quarterly dividend of $0.49. CMS Energy’s dividend payout ratio (DPR) is presently 68.44%.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the completion of the transaction, the senior vice president now owns 68,971 shares in the company, valued at $3,985,144.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.53% of the stock is currently owned by corporate 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.