Vontobel Holding Ltd. Reduces Position in CMS Energy Co. (NYSE:CMS)

Vontobel Holding Ltd. lessened its holdings in shares of CMS Energy Co. (NYSE:CMS) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,846 shares of the utilities provider’s stock after selling 1,892 shares during the period. Vontobel Holding Ltd.’s holdings in CMS Energy were worth $572,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. CI Investments Inc. grew its stake in shares of CMS Energy by 3.0% in the 3rd quarter. CI Investments Inc. now owns 6,415 shares of the utilities provider’s stock valued at $341,000 after buying an additional 185 shares during the period. Stratos Wealth Advisors LLC grew its stake in shares of CMS Energy by 2.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 8,187 shares of the utilities provider’s stock valued at $435,000 after buying an additional 192 shares during the period. Centerpoint Advisors LLC grew its stake in shares of CMS Energy by 25.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 1,000 shares of the utilities provider’s stock valued at $53,000 after buying an additional 200 shares during the period. Atria Investments Inc grew its stake in shares of CMS Energy by 0.6% in the 3rd quarter. Atria Investments Inc now owns 37,933 shares of the utilities provider’s stock valued at $2,015,000 after buying an additional 227 shares during the period. Finally, IFM Investors Pty Ltd grew its stake in shares of CMS Energy by 0.3% in the 4th quarter. IFM Investors Pty Ltd now owns 97,475 shares of the utilities provider’s stock valued at $5,660,000 after buying an additional 269 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of CMS Energy stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the sale, the senior vice president now directly owns 68,971 shares in the company, valued at approximately $3,985,144.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is owned by company insiders.

CMS Energy Trading Up 0.7 %

Shares of NYSE:CMS opened at $60.00 on Tuesday. CMS Energy Co. has a 52 week low of $49.87 and a 52 week high of $63.76. The company’s 50 day moving average is $58.50 and its two-hundred day moving average is $57.29. 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 company has a market cap of $17.92 billion, a PE ratio of 19.93, a P/E/G ratio of 2.31 and a beta of 0.38.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.62 billion. During the same period in the prior year, the firm posted $0.60 EPS. The company’s quarterly revenue was down 14.4% compared to the same quarter last year. Equities analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.43%. CMS Energy’s dividend payout ratio is currently 68.44%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CMS. KeyCorp upped their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday. Barclays decreased their price objective 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, April 15th. Guggenheim upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $64.00 in a report on Friday, February 2nd. UBS Group lowered shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a report on Thursday, April 4th. Finally, Scotiabank decreased their price objective on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

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.