Cox Capital Mgt LLC Reduces Stock Holdings in CMS Energy Co. (NYSE:CMS)

Cox Capital Mgt LLC reduced its stake in CMS Energy Co. (NYSE:CMS) by 4.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,009 shares of the utilities provider’s stock after selling 1,862 shares during the period. Cox Capital Mgt LLC’s holdings in CMS Energy were worth $2,144,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Czech National Bank lifted its holdings in shares of CMS Energy by 9.8% during the second quarter. Czech National Bank now owns 56,907 shares of the utilities provider’s stock worth $3,388,000 after purchasing an additional 5,100 shares during the period. Mirador Capital Partners LP lifted its holdings in CMS Energy by 5.2% in the second quarter. Mirador Capital Partners LP now owns 13,094 shares of the utilities provider’s stock valued at $780,000 after acquiring an additional 653 shares during the period. SG Americas Securities LLC lifted its holdings in CMS Energy by 1,438.9% in the second quarter. SG Americas Securities LLC now owns 99,258 shares of the utilities provider’s stock valued at $5,909,000 after acquiring an additional 92,808 shares during the period. QRG Capital Management Inc. lifted its holdings in CMS Energy by 18.6% in the second quarter. QRG Capital Management Inc. now owns 12,012 shares of the utilities provider’s stock valued at $715,000 after acquiring an additional 1,880 shares during the period. Finally, NBC Securities Inc. lifted its holdings in CMS Energy by 4.2% in the second quarter. NBC Securities Inc. now owns 45,199 shares of the utilities provider’s stock valued at $2,690,000 after acquiring an additional 1,807 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on CMS shares. Barclays raised their target price on CMS Energy from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Tuesday. Scotiabank dropped their price target on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Guggenheim raised their price target on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company raised their price target on CMS Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.55.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, Director Jon E. Barfield sold 2,360 shares of CMS Energy stock in a transaction dated Friday, June 7th. The stock was 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 owns 14,556 shares in the company, valued at approximately $884,859.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Jon E. Barfield sold 2,360 shares of CMS Energy stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $60.79, for a total value of $143,464.40. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 1,667 shares of CMS Energy stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $59.98, for a total value of $99,986.66. Following the completion of the transaction, the senior vice president now directly owns 68,330 shares in the company, valued at $4,098,433.40. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

CMS Energy Price Performance

CMS Energy stock traded up $0.27 during midday trading on Tuesday, reaching $66.05. 1,689,436 shares of the company were exchanged, compared to its average volume of 2,369,215. The company has a market capitalization of $19.72 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 2.64 and a beta of 0.38. The firm’s 50-day simple moving average is $61.48 and its 200-day simple moving average is $60.14. CMS Energy Co. has a 1 year low of $49.87 and a 1 year high of $67.77. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18.

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

CMS Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Friday, August 2nd. CMS Energy’s dividend payout ratio (DPR) is 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.