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

Shell Asset Management Co. cut its stake in shares of CMS Energy Co. (NYSE:CMSFree Report) by 36.6% in the fourth quarter, HoldingsChannel reports. The fund 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 also recently made changes to their positions in the stock. Platinum Investment Management Ltd. boosted its stake in CMS Energy by 754.9% in the 4th quarter. Platinum Investment Management Ltd. now owns 2,975 shares of the utilities provider’s stock worth $173,000 after purchasing an additional 2,627 shares during the period. Azimuth Capital Investment Management LLC bought a new position in CMS Energy in the 4th quarter worth approximately $210,000. Morningstar Investment Services LLC bought a new position in CMS Energy in the 4th quarter worth approximately $241,000. Cibc World Markets Corp boosted its stake in CMS Energy by 133.2% in the 4th quarter. Cibc World Markets Corp now owns 37,553 shares of the utilities provider’s stock worth $2,181,000 after purchasing an additional 21,451 shares during the period. Finally, 1832 Asset Management L.P. boosted its stake in CMS Energy by 17.6% in the 4th quarter. 1832 Asset Management L.P. now owns 1,506,680 shares of the utilities provider’s stock worth $87,493,000 after purchasing an additional 225,872 shares during the period. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Trading Down 0.2 %

CMS opened at $60.50 on Tuesday. CMS Energy Co. has a one year low of $49.87 and a one year high of $63.76. The company has a market cap of $18.03 billion, a P/E ratio of 18.45, a PEG ratio of 2.41 and a beta of 0.40. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.05 and a current ratio of 1.35. The business’s 50-day simple moving average is $60.78 and its 200-day simple moving average is $58.95.

CMS Energy (NYSE:CMSGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $2.18 billion for 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 business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 EPS. As a group, equities research analysts expect that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently issued reports on CMS shares. JPMorgan Chase & Co. upped their price objective on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, March 13th. KeyCorp increased their price target on CMS Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Royal Bank of Canada cut their price objective 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. BMO Capital Markets increased their price target on CMS Energy from $68.00 to $71.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Finally, Scotiabank dropped 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, CMS Energy currently has an average rating of “Moderate Buy” and an average price target of $64.27.

Get Our Latest Stock Analysis on CMS

Insider Buying and Selling

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