Ossiam Reduces Stock Holdings in CMS Energy Co. (NYSE:CMS)

Ossiam trimmed its stake in CMS Energy Co. (NYSE:CMS) by 18.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,765 shares of the utilities provider’s stock after selling 1,101 shares during the period. Ossiam’s holdings in CMS Energy were worth $318,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of CMS Energy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider’s stock worth $2,544,370,000 after acquiring an additional 316,011 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of CMS Energy by 28.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider’s stock valued at $649,264,000 after buying an additional 2,131,269 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of CMS Energy by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider’s stock worth $505,869,000 after acquiring an additional 98,910 shares in the last quarter. Norges Bank purchased a new stake in CMS Energy in the fourth quarter worth about $171,798,000. Finally, ExodusPoint Capital Management LP increased its stake in shares of CMS Energy by 15.5% during the fourth quarter. ExodusPoint Capital Management LP now owns 2,556,267 shares of the utilities provider’s stock valued at $170,375,000 after purchasing an additional 343,677 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CMS. Guggenheim reaffirmed a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a research report on Friday, February 7th. Bank of America upped their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. Jefferies Financial Group lifted their target price on CMS Energy from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Monday. Finally, BMO Capital Markets dropped their price objective on CMS Energy from $80.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, CMS Energy has an average rating of “Hold” and an average target price of $75.73.

Insider Buying and Selling at CMS Energy

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the sale, the chief accounting officer now directly owns 21,643 shares in the company, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the sale, the senior vice president now directly owns 71,931 shares in the company, valued at $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,200 shares of company stock valued at $789,532 in the last 90 days. Insiders own 0.40% of the company’s stock.

CMS Energy Price Performance

NYSE CMS opened at $73.71 on Wednesday. The stock has a market cap of $22.03 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 2.56 and a beta of 0.34. CMS Energy Co. has a 12 month low of $58.50 and a 12 month high of $76.45. The company’s 50 day moving average is $72.47 and its two-hundred day moving average is $69.59. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. As a group, research analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be issued a $0.5425 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a yield of 2.94%. CMS Energy’s dividend payout ratio is currently 65.36%.

About CMS Energy

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.