Lindbrook Capital LLC Reduces Position in CMS Energy Co. (NYSE:CMS)

Lindbrook Capital LLC decreased its stake in CMS Energy Co. (NYSE:CMS) by 26.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,072 shares of the utilities provider’s stock after selling 390 shares during the period. Lindbrook Capital LLC’s holdings in CMS Energy were worth $62,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Headinvest LLC acquired a new position in shares of CMS Energy in the 3rd quarter valued at $26,000. Compagnie Lombard Odier SCmA acquired a new stake in CMS Energy during the 3rd quarter worth $36,000. Tobam boosted its stake in CMS Energy by 2,432.3% during the 4th quarter. Tobam now owns 785 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 754 shares during the period. CVA Family Office LLC acquired a new stake in CMS Energy during the 4th quarter worth $47,000. Finally, Quent Capital LLC boosted its stake in CMS Energy by 63.8% during the 4th quarter. Quent Capital LLC now owns 829 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 323 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Ratings Changes

CMS has been the subject of several recent analyst reports. Guggenheim upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $60.00 to $64.00 in a research note on Friday, February 2nd. JPMorgan Chase & Co. raised their target price on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. Wolfe Research upgraded shares of CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 target price for the company in a research note on Tuesday, January 16th. KeyCorp raised their target price on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, Scotiabank reduced their target price on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and an average target price of $63.00.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,500 shares of CMS Energy stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the completion of the sale, 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 SEC, which is accessible through this link. Insiders own 0.40% of the company’s stock.

CMS Energy Stock Performance

NYSE:CMS opened at $60.49 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84. The firm has a 50-day moving average price of $58.72 and a two-hundred day moving average price of $57.38. CMS Energy Co. has a twelve month low of $49.87 and a twelve month high of $63.76. The company has a market capitalization of $18.06 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 2.32 and a beta of 0.38.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.05. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the firm posted $0.70 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, research analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.515 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.41%. CMS Energy’s dividend payout ratio (DPR) is presently 68.44%.

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.