GQG Partners LLC Has $6.27 Million Stock Holdings in CMS Energy Co. (NYSE:CMS)

GQG Partners LLC decreased its stake in shares of CMS Energy Co. (NYSE:CMS) by 97.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,026 shares of the utilities provider’s stock after selling 3,309,728 shares during the period. GQG Partners LLC’s holdings in CMS Energy were worth $6,267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CMS. Smith Group Asset Management LLC bought a new position in shares of CMS Energy in the fourth quarter worth about $333,000. Hennion & Walsh Asset Management Inc. raised its position in CMS Energy by 39.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider’s stock worth $1,342,000 after purchasing an additional 5,662 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in CMS Energy by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider’s stock worth $5,103,000 after buying an additional 392 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in CMS Energy by 49.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider’s stock valued at $1,787,000 after buying an additional 8,927 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its position in CMS Energy by 2.7% in the 4th quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider’s stock valued at $11,377,000 after buying an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Price Performance

CMS opened at $73.17 on Tuesday. The stock has a market cap of $21.86 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a 12 month low of $56.61 and a 12 month high of $75.06. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The company has a fifty day simple moving average of $69.98 and a 200 day simple moving average of $69.15.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts expect that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio is 65.36%.

Insider Buying and Selling

In related 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 transaction of $147,540.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laura Wright sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the sale, the director now owns 38,790 shares in the company, valued at $2,709,093.60. The trade was a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,200 shares of company stock worth $789,532 over the last ninety days. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. UBS Group upped their price target on CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday. Bank of America upped their target price on shares of CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a research report on Monday. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Scotiabank boosted their price target on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets raised their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.36.

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.