Sei Investments Co. Has $6.45 Million Holdings in CMS Energy Co. (NYSE:CMS)

Sei Investments Co. trimmed its position in shares of CMS Energy Co. (NYSE:CMS) by 8.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,715 shares of the utilities provider’s stock after selling 8,723 shares during the quarter. Sei Investments Co.’s holdings in CMS Energy were worth $6,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. BankPlus Trust Department acquired a new stake in CMS Energy in the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. boosted its holdings in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 235 shares in the last quarter. Larson Financial Group LLC increased its position in CMS Energy by 2,900.0% during the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock worth $48,000 after buying an additional 696 shares during the last quarter. Robbins Farley bought a new position in CMS Energy during the fourth quarter valued at about $62,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of CMS Energy in the fourth quarter worth about $73,000. Institutional investors own 93.57% of the company’s stock.

CMS Energy Trading Up 1.4 %

Shares of CMS stock opened at $75.20 on Tuesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The firm has a fifty day moving average of $70.61 and a 200-day moving average of $69.31. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $75.52. The stock has a market cap of $22.47 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates 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, equities research analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 2.89%. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy’s dividend payout ratio is 65.36%.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 71,931 shares of the company’s stock, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the transaction, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at $1,509,815.68. This trade represents a 23.64 % 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 three months. 0.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on CMS shares. Guggenheim reissued a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. UBS Group lifted their price target on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. BMO Capital Markets upped their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, March 24th. Bank of America lifted their target price on shares of CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, March 24th. Finally, Scotiabank upped their price target on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.36.

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.