ING Groep NV Trims Position in CMS Energy Co. (NYSE:CMS)

ING Groep NV trimmed its position in CMS Energy Co. (NYSE:CMS) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,161 shares of the utilities provider’s stock after selling 1,791 shares during the period. ING Groep NV’s holdings in CMS Energy were worth $2,543,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Voisard Asset Management Group Inc. boosted its holdings in shares of CMS Energy by 25.7% in the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after buying an additional 163 shares during the last quarter. Pallas Capital Advisors LLC raised its position in CMS Energy by 4.0% in the fourth quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock worth $297,000 after acquiring an additional 173 shares during the period. OneDigital Investment Advisors LLC boosted its stake in shares of CMS Energy by 5.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 187 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its position in shares of CMS Energy by 1.3% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock valued at $1,107,000 after acquiring an additional 200 shares during the period. Finally, Private Trust Co. NA increased its stake in shares of CMS Energy by 25.6% in the 3rd quarter. Private Trust Co. NA now owns 982 shares of the utilities provider’s stock worth $69,000 after purchasing an additional 200 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Trading Up 1.1 %

Shares of CMS Energy stock opened at $71.49 on Friday. CMS Energy Co. has a twelve month low of $56.31 and a twelve month high of $72.40. 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 business has a 50-day moving average price of $67.22 and a 200-day moving average price of $68.24. The firm has a market cap of $21.36 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating 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%. Equities research analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently declared 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. This represents a $2.17 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s payout ratio is currently 65.36%.

Insider Activity at CMS Energy

In other news, Director Laura Wright sold 2,500 shares of CMS Energy stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the transaction, the director now owns 38,790 shares in the company, valued at approximately $2,709,093.60. The trade was a 6.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the sale, the chief accounting officer now owns 21,643 shares in the company, valued at $1,509,815.68. The trade was a 23.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,950 shares of company stock valued at $2,669,620 over the last 90 days. 0.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CMS shares. Scotiabank lifted their target price on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $68.00 to $75.00 in a report on Thursday. Jefferies Financial Group initiated coverage on shares of CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price target on the stock. Finally, BMO Capital Markets reduced their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and an average price target of $71.69.

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.