Shell Asset Management Co. Has $465,000 Position in CMS Energy Co. (NYSE:CMS)

Shell Asset Management Co. lowered its holdings in CMS Energy Co. (NYSE:CMS) by 54.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,972 shares of the utilities provider’s stock after selling 8,358 shares during the quarter. Shell Asset Management Co.’s holdings in CMS Energy were worth $465,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CMS. BankPlus Trust Department bought a new position in CMS Energy during the 4th quarter valued at $29,000. Richardson Financial Services Inc. lifted its stake in CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 235 shares in the last quarter. Larson Financial Group LLC lifted its stake in CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 696 shares in the last quarter. Optiver Holding B.V. lifted its stake in CMS Energy by 39.2% during the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 229 shares in the last quarter. Finally, Mizuho Bank Ltd. bought a new position in CMS Energy during the 4th quarter valued at $61,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Trading Up 0.8%

Shares of CMS Energy stock opened at $71.50 on Monday. CMS Energy Co. has a 52-week low of $58.50 and a 52-week high of $76.45. The stock’s 50-day simple moving average is $72.63 and its 200 day simple moving average is $69.82. The stock has a market capitalization of $21.39 billion, a P/E ratio of 21.53, a P/E/G ratio of 2.56 and a beta of 0.42. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. 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 firm posted $0.97 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. As a group, research analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy’s dividend payout ratio is currently 64.39%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CMS. BMO Capital Markets raised their price objective on CMS Energy from $77.00 to $79.00 and gave the company an “outperform” rating in a research note on Tuesday, April 29th. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Guggenheim restated a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. UBS Group lifted their target price on CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Finally, StockNews.com cut CMS Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.25.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the transaction, the senior vice president now owns 71,931 shares of the company’s stock, valued at $5,306,349.87. The trade was a 2.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Laura Wright sold 2,500 shares of CMS Energy stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the transaction, the director now directly owns 38,790 shares of the company’s stock, valued at $2,709,093.60. The trade was a 6.05% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,698 shares of company stock worth $483,935. Company insiders own 0.40% of the company’s stock.

CMS Energy Company 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.