Van ECK Associates Corp Reduces Position in CMS Energy Co. (NYSE:CMS)

Van ECK Associates Corp trimmed its position in CMS Energy Co. (NYSE:CMS) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,966 shares of the utilities provider’s stock after selling 3,622 shares during the quarter. Van ECK Associates Corp’s holdings in CMS Energy were worth $4,062,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headinvest LLC bought a new stake in CMS Energy in the 3rd quarter worth $26,000. Tobam grew its stake in shares of CMS Energy by 2,432.3% in the fourth quarter. Tobam now owns 785 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 754 shares during the last quarter. CVA Family Office LLC purchased a new position in CMS Energy during the 4th quarter valued at about $47,000. Quent Capital LLC raised its position in CMS Energy by 63.8% during the 4th quarter. Quent Capital LLC now owns 829 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 323 shares during the last quarter. Finally, Centerpoint Advisors LLC lifted its holdings in CMS Energy by 25.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 1,000 shares of the utilities provider’s stock worth $53,000 after buying an additional 200 shares during the period. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Stock Performance

CMS Energy stock opened at $61.56 on Monday. CMS Energy Co. has a twelve month low of $49.87 and a twelve month high of $63.76. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $18.38 billion, a P/E ratio of 18.77, a PEG ratio of 2.51 and a beta of 0.37. The stock’s 50 day moving average is $59.11 and its 200 day moving average is $57.72.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.05. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The company’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the company earned $0.70 earnings per share. On average, equities research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a $0.515 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $2.06 annualized dividend and a yield of 3.35%. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 68,971 shares of the company’s stock, valued at $3,985,144.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 transaction of $202,230.00. Following the sale, the senior vice president now directly owns 68,971 shares of the company’s stock, valued at $3,985,144.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Brian F. Rich sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total value of $122,200.00. Following the completion of the transaction, the senior vice president now directly owns 97,682 shares of the company’s stock, valued at approximately $5,968,370.20. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

CMS has been the topic of several research analyst reports. BMO Capital Markets boosted their target price on CMS Energy from $67.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Royal Bank of Canada decreased their price objective on shares of CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, March 4th. UBS Group lowered shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research note on Thursday, April 4th. Seaport Res Ptn downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, Scotiabank cut their price objective on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.50.

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.