Metis Global Partners LLC Sells 541 Shares of CMS Energy Co. (NYSE:CMS)

Metis Global Partners LLC lessened its holdings in shares of CMS Energy Co. (NYSE:CMS) by 3.0% during the 4th quarter, HoldingsChannel reports. The firm owned 17,782 shares of the utilities provider’s stock after selling 541 shares during the period. Metis Global Partners LLC’s holdings in CMS Energy were worth $1,185,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMS. Fisher Funds Management LTD acquired a new stake in CMS Energy in the 4th quarter valued at approximately $53,904,000. Massachusetts Financial Services Co. MA raised its position in CMS Energy by 10.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock valued at $537,503,000 after buying an additional 719,093 shares during the last quarter. National Bank of Canada FI raised its position in CMS Energy by 404.8% in the 3rd quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock valued at $63,053,000 after buying an additional 715,891 shares during the last quarter. Assenagon Asset Management S.A. raised its position in CMS Energy by 760.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider’s stock valued at $46,664,000 after buying an additional 618,767 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in CMS Energy by 552.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock valued at $39,978,000 after buying an additional 479,336 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CMS shares. Scotiabank lifted their target price on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Guggenheim reaffirmed a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Finally, Jefferies Financial Group started coverage on CMS Energy in a research report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.69.

CMS Energy Stock Performance

Shares of NYSE CMS opened at $74.06 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a 12 month low of $56.61 and a 12 month high of $74.19. The stock has a 50 day moving average of $68.01 and a 200-day moving average of $68.59. The company has a market capitalization of $22.13 billion, a P/E ratio of 22.31, a P/E/G ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS) last issued 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 return on equity of 12.02% and a net margin of 13.35%. As a group, equities research analysts predict that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were paid a $0.5425 dividend. The ex-dividend date was Friday, February 14th. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 2.93%. CMS Energy’s payout ratio is 65.36%.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $67.22, for a total value of $134,440.00. Following the completion of the sale, the senior vice president now directly owns 63,197 shares in the company, valued at $4,248,102.34. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,950 shares of company stock worth $2,669,620 in the last ninety days. 0.40% of the stock is owned by company insiders.

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.