Gen Wealth Partners Inc Sells 313 Shares of CMS Energy Co. (NYSE:CMS)

Gen Wealth Partners Inc trimmed its position in shares of CMS Energy Co. (NYSE:CMS) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,573 shares of the utilities provider’s stock after selling 313 shares during the quarter. Gen Wealth Partners Inc’s holdings in CMS Energy were worth $238,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CMS. Price T Rowe Associates Inc. MD lifted its position in CMS Energy by 32.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider’s stock valued at $950,227,000 after buying an additional 3,486,074 shares during the period. Norges Bank purchased a new position in shares of CMS Energy during the fourth quarter valued at approximately $171,798,000. Massachusetts Financial Services Co. MA grew its stake in shares of CMS Energy by 28.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider’s stock worth $649,264,000 after buying an additional 2,131,269 shares during the last quarter. Fisher Funds Management LTD purchased a new position in CMS Energy during the fourth quarter valued at $53,904,000. Finally, Prudential Financial Inc. boosted its holdings in CMS Energy by 207.9% in the fourth quarter. Prudential Financial Inc. now owns 1,115,524 shares of the utilities provider’s stock worth $74,350,000 after acquiring an additional 753,182 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

CMS has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on shares of CMS Energy from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. StockNews.com cut CMS Energy from a “hold” rating to a “sell” rating in a research report on Friday. Bank of America boosted their target price on CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Finally, Jefferies Financial Group raised their target price on shares of CMS Energy from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.25.

CMS Energy Stock Down 0.5 %

Shares of NYSE CMS opened at $72.23 on Friday. CMS Energy Co. has a 52-week low of $58.50 and a 52-week high of $76.45. The firm has a market capitalization of $21.61 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 2.56 and a beta of 0.42. The stock has a 50 day moving average price of $72.88 and a 200 day moving average price of $69.84. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.97 earnings per share. Sell-side analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Friday, May 9th. CMS Energy’s dividend payout ratio (DPR) is currently 64.39%.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the sale, the senior vice president now directly owns 71,931 shares in the company, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Laura Wright sold 2,500 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the transaction, the director now owns 38,790 shares in the company, valued at approximately $2,709,093.60. This trade represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,398 shares of company stock valued at $951,327 over the last quarter. 0.40% of the stock is owned by corporate insiders.

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.