Xponance Inc. Trims Stock Position in CMS Energy Co. (NYSE:CMS)

Xponance Inc. lessened its holdings in CMS Energy Co. (NYSE:CMS) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,704 shares of the utilities provider’s stock after selling 1,593 shares during the period. Xponance Inc.’s holdings in CMS Energy were worth $2,189,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CMS. Headinvest LLC purchased a new stake in shares of CMS Energy in the third quarter valued at about $26,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of CMS Energy in the third quarter valued at about $36,000. Tobam lifted its holdings in shares of CMS Energy by 2,432.3% in the fourth quarter. Tobam now owns 785 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 754 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of CMS Energy in the fourth quarter valued at approximately $47,000. Finally, Quent Capital LLC raised its position in shares of CMS Energy by 63.8% in the fourth quarter. Quent Capital LLC now owns 829 shares of the utilities provider’s stock valued at $48,000 after buying an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

CMS has been the subject of a number of analyst reports. UBS Group lowered shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research report on Thursday, April 4th. Seaport Res Ptn lowered shares of CMS Energy from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Guggenheim raised shares of CMS Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $64.00 in a research report on Friday, February 2nd. KeyCorp boosted their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Royal Bank of Canada cut their price objective on shares of CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.00.

CMS Energy Price Performance

CMS Energy stock opened at $60.00 on Tuesday. CMS Energy Co. has a 52-week low of $49.87 and a 52-week high of $63.76. The firm has a fifty day moving average of $58.50 and a 200-day moving average of $57.29. The firm has a market capitalization of $17.92 billion, a P/E ratio of 19.93, a PEG ratio of 2.31 and a beta of 0.38. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 1.84.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.01. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. As a group, analysts predict that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.43%. CMS Energy’s payout ratio is currently 68.44%.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 3,500 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following the completion of the transaction, the senior vice president now directly owns 68,971 shares in the company, valued at $3,985,144.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

CMS Energy 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.