Kesler Norman & Wride LLC Sells 2,425 Shares of CMS Energy Co. (NYSE:CMS)

Kesler Norman & Wride LLC lessened its holdings in shares of CMS Energy Co. (NYSE:CMS) by 8.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,304 shares of the utilities provider’s stock after selling 2,425 shares during the quarter. Kesler Norman & Wride LLC’s holdings in CMS Energy were worth $1,587,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Capital International Investors raised its position in shares of 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 purchasing an additional 1,234,791 shares during the period. Capital Research Global Investors raised its position in shares of CMS Energy by 1.2% in the fourth quarter. Capital Research Global Investors now owns 5,593,539 shares of the utilities provider’s stock valued at $324,817,000 after purchasing an additional 65,966 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of CMS Energy by 320.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock valued at $250,026,000 after purchasing an additional 3,282,697 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of 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 purchasing an additional 883,180 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of CMS Energy by 30.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,149,298 shares of the utilities provider’s stock valued at $182,880,000 after purchasing an additional 742,390 shares during the period. Institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

CMS has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on shares of CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. JPMorgan Chase & Co. raised their price objective 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. UBS Group downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a research note on Thursday, April 4th. Barclays raised their price objective 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. Finally, KeyCorp raised their price objective on shares of CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. One equities research 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.20.

Insider Activity

In other news, SVP Brian F. Rich sold 2,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the sale, the senior vice president now owns 97,682 shares in the company, valued at approximately $5,968,370.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Brian F. Rich sold 2,000 shares of CMS Energy 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 $5,968,370.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jon E. Barfield sold 2,360 shares of CMS Energy stock in a transaction dated 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 transaction, 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. In the last quarter, insiders have sold 6,027 shares of company stock worth $365,651. Corporate insiders own 0.53% of the company’s stock.

CMS Energy Stock Performance

CMS traded down $0.10 during trading on Thursday, reaching $58.87. 898,215 shares of the company’s stock were exchanged, compared to its average volume of 2,403,862. CMS Energy Co. has a fifty-two week low of $49.87 and a fifty-two week 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 business has a 50 day moving average price of $61.00 and a 200 day moving average price of $59.13. The company has a market capitalization of $17.55 billion, a P/E ratio of 17.95, a PEG ratio of 2.34 and a beta of 0.38.

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 analysts’ consensus estimates of $0.92 by $0.05. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the company earned $0.70 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. As a group, analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were paid a $0.515 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $2.06 annualized dividend and a dividend yield of 3.50%. CMS Energy’s dividend payout ratio is presently 62.80%.

CMS Energy Company 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.