CMS Energy Co. (NYSE:CMS) Shares Sold by Capital Research Global Investors

Capital Research Global Investors lessened its holdings in CMS Energy Co. (NYSE:CMS) by 50.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,747,739 shares of the utilities provider’s stock after selling 2,845,800 shares during the period. Capital Research Global Investors owned approximately 0.92% of CMS Energy worth $165,799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of CMS. SG Americas Securities LLC lifted its stake in shares of CMS Energy by 58.3% in the 4th quarter. SG Americas Securities LLC now owns 27,588 shares of the utilities provider’s stock valued at $1,602,000 after purchasing an additional 10,163 shares during the last quarter. CVA Family Office LLC acquired a new position in CMS Energy during the 4th quarter worth about $47,000. Raymond James Financial Services Advisors Inc. lifted its stake in CMS Energy by 68.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider’s stock worth $3,721,000 after acquiring an additional 26,034 shares in the last quarter. Pacer Advisors Inc. lifted its stake in CMS Energy by 161.8% during the 4th quarter. Pacer Advisors Inc. now owns 74,182 shares of the utilities provider’s stock worth $4,308,000 after acquiring an additional 45,843 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new position in CMS Energy during the 4th quarter worth about $229,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Activity

In related 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 transaction of $122,200.00. Following the transaction, the senior vice president now owns 97,682 shares in the company, valued at approximately $5,968,370.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Brandon J. Hofmeister sold 1,667 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $59.98, for a total transaction of $99,986.66. Following the transaction, the senior vice president now owns 68,330 shares in the company, valued at approximately $4,098,433.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the senior vice president now owns 97,682 shares in the company, valued at approximately $5,968,370.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,027 shares of company stock worth $365,651. 0.40% of the stock is currently owned by insiders.

CMS Energy Stock Down 0.4 %

Shares of CMS traded down $0.25 during mid-day trading on Friday, reaching $62.96. The company’s stock had a trading volume of 1,609,165 shares, compared to its average volume of 1,826,400. CMS Energy Co. has a 12-month low of $49.87 and a 12-month high of $64.28. The stock has a market cap of $18.80 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 2.51 and a beta of 0.38. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.70 and a quick ratio of 1.05. The company’s 50 day moving average is $60.66 and its 200 day moving average is $59.44.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 2nd will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.24%. CMS Energy’s payout ratio is currently 62.80%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CMS shares. Guggenheim increased their target price on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday. Barclays increased their target price on CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. Scotiabank decreased their target price on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. UBS Group lowered CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research note on Thursday, April 4th. Finally, Morgan Stanley cut their price target on CMS Energy from $61.00 to $58.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.00.

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.