Securian Asset Management Inc. Sells 2,443 Shares of CMS Energy Co. (NYSE:CMS)

Securian Asset Management Inc. reduced its position in CMS Energy Co. (NYSE:CMS) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,404 shares of the utilities provider’s stock after selling 2,443 shares during the period. Securian Asset Management Inc.’s holdings in CMS Energy were worth $1,069,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CMS. Headinvest LLC purchased a new stake in CMS Energy in the third quarter worth approximately $26,000. Tobam boosted its stake in shares of CMS Energy by 2,432.3% in the 4th quarter. Tobam now owns 785 shares of the utilities provider’s stock worth $46,000 after buying an additional 754 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of CMS Energy by 30.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 185 shares during the period. CVA Family Office LLC purchased a new stake in CMS Energy during the fourth quarter valued at $47,000. Finally, Quent Capital LLC increased its position in CMS Energy by 63.8% during the fourth quarter. Quent Capital LLC now owns 829 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 323 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Insider Activity

In related news, 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 sale, the senior vice president now directly owns 97,682 shares in the company, valued at $5,968,370.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, 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 sale, the senior vice president now owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 3,500 shares of the 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 transaction, the senior vice president now owns 68,971 shares of the company’s stock, valued at approximately $3,985,144.38. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

CMS Energy Price Performance

Shares of CMS Energy stock opened at $62.61 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82. CMS Energy Co. has a 52 week low of $49.87 and a 52 week high of $63.76. The stock’s 50-day simple moving average is $60.06 and its 200-day simple moving average is $58.43. The company has a market capitalization of $18.66 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.56 and a beta of 0.37.

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

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders 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 3.29%. The ex-dividend date is Tuesday, May 14th. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Analyst Ratings Changes

CMS has been the subject of a number of recent research reports. Barclays boosted their price target on CMS Energy from $57.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. upped their target price 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. BMO Capital Markets lifted their price target on shares of CMS Energy from $68.00 to $71.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Scotiabank reduced their price objective on 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. Finally, Royal Bank of Canada lowered their target price on CMS Energy from $65.00 to $63.00 and set an “outperform” rating on the stock in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.92.

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.