Sumitomo Mitsui Trust Holdings Inc. Sells 1,956 Shares of CMS Energy Co. (NYSE:CMS)

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in CMS Energy Co. (NYSE:CMS) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 763,548 shares of the utilities provider’s stock after selling 1,956 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.26% of CMS Energy worth $44,339,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. AMI Investment Management Inc. bought a new position in CMS Energy during the first quarter worth about $203,000. Cetera Advisor Networks LLC increased its holdings in shares of CMS Energy by 15.3% in the first quarter. Cetera Advisor Networks LLC now owns 4,179 shares of the utilities provider’s stock valued at $292,000 after purchasing an additional 555 shares in the last quarter. Cibc World Market Inc. acquired a new stake in shares of CMS Energy in the first quarter valued at approximately $3,914,000. Dimensional Fund Advisors LP boosted its stake in CMS Energy by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 982,606 shares of the utilities provider’s stock valued at $68,724,000 after acquiring an additional 56,659 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in CMS Energy by 2.6% in the first quarter. Blair William & Co. IL now owns 6,561 shares of the utilities provider’s stock valued at $459,000 after acquiring an additional 168 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Trading Up 1.8 %

CMS opened at $59.55 on Friday. The stock has a market capitalization of $17.78 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.26 and a beta of 0.38. CMS Energy Co. has a 12 month low of $49.87 and a 12 month high of $63.76. The firm’s fifty day simple moving average is $58.44 and its 200 day simple moving average is $57.16. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.04 by $0.01. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.62 billion. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The firm’s revenue was down 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. As a group, research analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Monday, February 12th were given a $0.515 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.49. This represents a $2.06 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Friday, February 9th. CMS Energy’s payout ratio is currently 68.44%.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of CMS Energy 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 sale, the senior vice president now directly owns 68,971 shares in the company, valued at approximately $3,985,144.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. KeyCorp lifted their price target on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday. UBS Group cut shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research report on Thursday, April 4th. BMO Capital Markets lifted their price target on shares of CMS Energy from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Wolfe Research raised shares of CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price target on the stock in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $62.73.

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.