Signaturefd LLC Trims Holdings in CMS Energy Co. (NYSE:CMS)

Signaturefd LLC lowered its position in shares of CMS Energy Co. (NYSE:CMS) by 20.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,251 shares of the utilities provider’s stock after selling 1,094 shares during the quarter. Signaturefd LLC’s holdings in CMS Energy were worth $247,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Greenleaf Trust increased its stake in CMS Energy by 31.5% in the 4th quarter. Greenleaf Trust now owns 10,446 shares of the utilities provider’s stock worth $607,000 after buying an additional 2,503 shares in the last quarter. Calamos Advisors LLC raised its stake in CMS Energy by 54.9% during the 4th quarter. Calamos Advisors LLC now owns 220,691 shares of the utilities provider’s stock valued at $12,816,000 after purchasing an additional 78,217 shares during the period. Daiwa Securities Group Inc. lifted its holdings in CMS Energy by 23.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 29,819 shares of the utilities provider’s stock worth $1,731,000 after purchasing an additional 5,740 shares in the last quarter. Financial Strategies Group Inc. bought a new position in CMS Energy in the 4th quarter worth approximately $202,000. Finally, Louisiana State Employees Retirement System purchased a new stake in CMS Energy during the 4th quarter valued at approximately $1,022,000. 93.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. UBS Group downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a report on Thursday, April 4th. JPMorgan Chase & Co. raised their price objective on CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, March 13th. BMO Capital Markets increased their price target on CMS Energy from $67.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday. Guggenheim upgraded CMS Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $60.00 to $64.00 in a report on Friday, February 2nd. Finally, Wolfe Research raised CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price objective on the stock in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.33.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was 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 of the company’s stock, valued at approximately $3,985,144.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.40% of the company’s stock.

CMS Energy Stock Performance

NYSE CMS opened at $59.35 on Friday. The business’s 50 day moving average price is $58.76 and its 200-day moving average price is $57.42. CMS Energy Co. has a fifty-two week low of $49.87 and a fifty-two week high of $63.76. The company has a market cap of $17.72 billion, a P/E ratio of 19.72, a P/E/G ratio of 2.34 and a beta of 0.38. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 0.98.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.32 billion. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 earnings per share. Sell-side analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.515 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.06 annualized dividend and a dividend yield of 3.47%. CMS Energy’s dividend payout ratio (DPR) is presently 68.44%.

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.