CMS Energy Co. (NYSE:CMS) Shares Sold by Partners Group Holding AG

Partners Group Holding AG lowered its stake in shares of CMS Energy Co. (NYSE:CMS) by 10.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 657,749 shares of the utilities provider’s stock after selling 76,529 shares during the quarter. CMS Energy comprises about 1.6% of Partners Group Holding AG’s holdings, making the stock its 13th largest position. Partners Group Holding AG owned 0.22% of CMS Energy worth $43,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of CMS. BankPlus Trust Department acquired a new position in shares of CMS Energy in the 4th quarter valued at $29,000. First Horizon Advisors Inc. raised its position in shares of CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after buying an additional 275 shares during the period. Richardson Financial Services Inc. grew its position in 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 acquiring an additional 235 shares during the period. Brooklyn Investment Group purchased a new stake in shares of CMS Energy during the 3rd quarter worth about $40,000. Finally, Larson Financial Group LLC increased its position in shares of CMS Energy by 2,900.0% in the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 696 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were 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 owns 71,931 shares in the company, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction of $174,600.00. Following the completion of the transaction, the director now directly owns 38,790 shares in the company, valued at $2,709,093.60. This represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 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 research analysts have commented on CMS shares. UBS Group raised their price objective on CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday. Scotiabank raised their target price on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim restated a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and a consensus price target of $74.36.

CMS Energy Price Performance

Shares of NYSE CMS opened at $73.49 on Friday. The business’s fifty day moving average price is $69.81 and its two-hundred day moving average price is $69.12. The firm has a market capitalization of $21.96 billion, a PE ratio of 22.13, a P/E/G ratio of 2.56 and a beta of 0.35. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $75.06.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Friday, February 14th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio (DPR) is currently 65.36%.

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.