Sumitomo Mitsui DS Asset Management Company Ltd Sells 402 Shares of CMS Energy Co. (NYSE:CMS)

Sumitomo Mitsui DS Asset Management Company Ltd reduced its position in shares of CMS Energy Co. (NYSE:CMSFree Report) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,211 shares of the utilities provider’s stock after selling 402 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CMS Energy were worth $3,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Richardson Financial Services Inc. increased its stake in shares of CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after buying an additional 235 shares during the period. First Horizon Advisors Inc. increased its position in CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 275 shares during the period. Brooklyn Investment Group bought a new stake in shares of CMS Energy in the 3rd quarter valued at about $40,000. Covestor Ltd lifted its position in shares of CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 472 shares during the period. Finally, Values First Advisors Inc. bought a new position in shares of CMS Energy during the third quarter valued at approximately $56,000. 93.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMS has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Scotiabank upped their price objective on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets cut their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Morgan Stanley reduced their target price on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.15.

Get Our Latest Research Report on CMS

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $68.17, for a total transaction of $136,340.00. Following the sale, the senior vice president now directly owns 64,771 shares of the company’s stock, valued at approximately $4,415,439.07. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,686 shares of company stock worth $2,228,084. 0.40% of the stock is owned by company insiders.

CMS Energy Trading Up 0.5 %

NYSE CMS opened at $68.69 on Monday. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40. The company has a fifty day simple moving average of $66.77 and a two-hundred day simple moving average of $67.89. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.94. The stock has a market cap of $20.52 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.48 and a beta of 0.42.

CMS Energy (NYSE:CMSGet Free Report) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. On average, analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 17th will be given a $0.5425 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a yield of 3.16%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio is currently 65.36%.

CMS Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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