CMS Energy Co. (NYSE:CMS) Stock Position Decreased by Sentry Investment Management LLC

Sentry Investment Management LLC decreased its position in CMS Energy Co. (NYSE:CMS) by 23.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 841 shares of the utilities provider’s stock after selling 251 shares during the quarter. Sentry Investment Management LLC’s holdings in CMS Energy were worth $60,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CMS. Commonwealth Equity Services LLC raised its holdings in CMS Energy by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider’s stock valued at $5,103,000 after buying an additional 392 shares in the last quarter. Caprock Group LLC acquired a new position in shares of CMS Energy during the 4th quarter valued at about $237,000. Proficio Capital Partners LLC bought a new position in shares of CMS Energy in the 4th quarter valued at approximately $4,938,000. Envestnet Asset Management Inc. lifted its holdings in CMS Energy by 1.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 854,716 shares of the utilities provider’s stock worth $56,967,000 after purchasing an additional 15,918 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in CMS Energy by 12.7% in the 4th quarter. Van ECK Associates Corp now owns 92,899 shares of the utilities provider’s stock worth $6,192,000 after purchasing an additional 10,470 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total transaction of $161,794.78. Following the completion of the transaction, the senior vice president now owns 69,571 shares in the company, valued at $5,121,121.31. This trade represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.40% of the company’s stock.

CMS Energy Stock Down 0.7%

CMS stock opened at $69.23 on Friday. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45. 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 market cap of $20.71 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42. The business’s 50-day simple moving average is $71.78 and its 200 day simple moving average is $70.00.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the business posted $0.97 EPS. CMS Energy’s revenue was up 12.5% compared to the same quarter last year. On average, research analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 9th were paid a dividend of $0.5425 per share. The ex-dividend date was Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a yield of 3.13%. CMS Energy’s dividend payout ratio is currently 64.39%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Guggenheim reiterated a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Jefferies Financial Group lifted their target price on shares of CMS Energy from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, April 21st. UBS Group upped their price target on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Wells Fargo & Company raised their price target on CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Finally, Bank of America boosted their price objective on CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $77.00.

About CMS Energy

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.