Shell Asset Management Co. Sells 14,903 Shares of CMS Energy Co. (NYSE:CMS)

Shell Asset Management Co. lowered its holdings in CMS Energy Co. (NYSE:CMSFree Report) by 36.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,783 shares of the utilities provider’s stock after selling 14,903 shares during the period. Shell Asset Management Co.’s holdings in CMS Energy were worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CMS. Norges Bank bought a new position in CMS Energy in the fourth quarter valued at $111,004,000. American Century Companies Inc. lifted its stake in CMS Energy by 6,027.8% in the third quarter. American Century Companies Inc. now owns 1,740,776 shares of the utilities provider’s stock valued at $92,453,000 after acquiring an additional 1,712,368 shares during the last quarter. Capital International Investors lifted its stake in CMS Energy by 24.8% in the fourth quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock valued at $360,537,000 after acquiring an additional 1,234,791 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in CMS Energy by 34.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,456,713 shares of the utilities provider’s stock valued at $200,731,000 after acquiring an additional 883,180 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in CMS Energy by 1,392.3% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 911,833 shares of the utilities provider’s stock valued at $52,561,000 after acquiring an additional 850,731 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $60.50 on Tuesday. The company has a 50 day moving average of $60.78 and a 200-day moving average of $58.95. The company has a market cap of $18.03 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 2.41 and a beta of 0.40. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.82. CMS Energy Co. has a 1-year low of $49.87 and a 1-year high of $63.76.

CMS Energy (NYSE:CMSGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.05. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 earnings per share. As a group, equities research analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Tuesday, May 14th. CMS Energy’s dividend payout ratio (DPR) is currently 62.80%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CMS shares. Barclays raised their target price on shares of CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. Morgan Stanley raised their target price on shares of CMS Energy from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. Royal Bank of Canada cut their target price on shares of CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, March 4th. JPMorgan Chase & Co. raised their target price on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. Finally, Scotiabank cut their target price on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $64.27.

Read Our Latest Report on CMS

Insider Activity

In related news, SVP Brian F. Rich sold 2,000 shares of CMS Energy stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the sale, the senior vice president now directly owns 97,682 shares in the company, valued at approximately $5,968,370.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other CMS Energy news, Director Jon E. Barfield sold 2,360 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $60.79, for a total transaction of $143,464.40. Following the completion of the transaction, the director now owns 14,556 shares in the company, valued at approximately $884,859.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Brian F. Rich sold 2,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the completion of the sale, the senior vice president now directly owns 97,682 shares in the company, valued at $5,968,370.20. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

CMS Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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