Rockefeller Capital Management L.P. cut its holdings in CMS Energy Corporation (NYSE:CMS – Free Report) by 26.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 556,029 shares of the utilities provider’s stock after selling 199,686 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in CMS Energy were worth $38,883,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Bison Wealth LLC acquired a new position in shares of CMS Energy in the fourth quarter valued at approximately $312,000. Integrated Wealth Concepts LLC acquired a new stake in shares of CMS Energy during the first quarter worth $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of CMS Energy by 10.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock worth $2,602,000 after acquiring an additional 3,367 shares during the period. Empowered Funds LLC lifted its position in CMS Energy by 22.0% in the 1st quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock valued at $510,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Woodline Partners LP lifted its position in CMS Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock valued at $1,896,000 after acquiring an additional 7,300 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.
CMS Energy Stock Up 0.0%
CMS stock opened at $73.40 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.66 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $22.67 billion, a PE ratio of 20.28, a PEG ratio of 2.66 and a beta of 0.35. CMS Energy Corporation has a 1-year low of $68.41 and a 1-year high of $80.36. The business’s 50 day simple moving average is $74.31 and its 200 day simple moving average is $73.81.
CMS Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, May 8th. CMS Energy’s dividend payout ratio (DPR) is currently 62.98%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Wells Fargo & Company set a $80.00 target price on CMS Energy in a report on Tuesday, April 21st. Barclays cut their price target on CMS Energy from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Jefferies Financial Group downgraded CMS Energy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $88.00 to $74.00 in a report on Thursday, June 4th. BMO Capital Markets dropped their target price on CMS Energy from $82.00 to $81.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CMS Energy in a research note on Friday, June 5th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.17.
Get Our Latest Stock Report on CMS
Insider Activity
In related news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total transaction of $222,930.00. Following the completion of the sale, the senior vice president owned 67,111 shares of the company’s stock, valued at approximately $4,987,018.41. The trade was a 4.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.
CMS Energy Company Profile
CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.
Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.
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