Yousif Capital Management LLC Sells 2,508 Shares of CMS Energy Co. (NYSE:CMS)

Yousif Capital Management LLC cut its holdings in shares of CMS Energy Co. (NYSE:CMS) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,871 shares of the utilities provider’s stock after selling 2,508 shares during the period. Yousif Capital Management LLC’s holdings in CMS Energy were worth $3,186,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMS. NewSquare Capital LLC raised its holdings in CMS Energy by 2.1% during the 4th quarter. NewSquare Capital LLC now owns 115,007 shares of the utilities provider’s stock worth $6,576,000 after buying an additional 2,326 shares during the period. GAMMA Investing LLC acquired a new stake in shares of CMS Energy during the fourth quarter worth $296,000. Illinois Municipal Retirement Fund lifted its position in CMS Energy by 3.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 203,564 shares of the utilities provider’s stock valued at $11,821,000 after acquiring an additional 7,188 shares in the last quarter. Greenleaf Trust boosted its stake in CMS Energy by 31.5% in the 4th quarter. Greenleaf Trust now owns 10,446 shares of the utilities provider’s stock worth $607,000 after purchasing an additional 2,503 shares during the period. Finally, Calamos Advisors LLC increased its holdings in CMS Energy by 54.9% during the 4th quarter. Calamos Advisors LLC now owns 220,691 shares of the utilities provider’s stock worth $12,816,000 after purchasing an additional 78,217 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CMS shares. Royal Bank of Canada decreased their price objective on CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, March 4th. KeyCorp boosted their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Guggenheim raised shares of CMS Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $60.00 to $64.00 in a research 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 target on the stock. in a research note on Thursday, April 4th. Finally, JPMorgan Chase & Co. raised their price objective on CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.33.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the completion of the sale, the senior vice president now directly owns 68,971 shares in the company, valued at $3,985,144.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.40% of the stock is owned by insiders.

CMS Energy Trading Down 1.9 %

Shares of CMS Energy stock opened at $59.34 on Monday. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.03 and a quick ratio of 0.66. CMS Energy Co. has a 1 year low of $49.87 and a 1 year high of $63.76. The firm has a market cap of $17.72 billion, a PE ratio of 18.09, a PEG ratio of 2.31 and a beta of 0.38. The company has a 50 day simple moving average of $58.76 and a two-hundred day simple moving average of $57.47.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the firm posted $0.70 EPS. CMS Energy’s revenue for the quarter was down 4.7% compared to the same quarter last year. Analysts expect that CMS Energy Co. will post 3.32 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Tuesday, May 14th. CMS Energy’s dividend payout ratio is currently 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.