CMS Energy Co. (NYSE:CMS) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC reduced its position in CMS Energy Co. (NYSE:CMS) by 7.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 11,051 shares of the utilities provider’s stock after selling 919 shares during the period. Gateway Investment Advisers LLC’s holdings in CMS Energy were worth $614,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of CMS Energy by 60,837.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 14,982,113 shares of the utilities provider’s stock valued at $734,124,000 after acquiring an additional 14,957,527 shares in the last quarter. Morgan Stanley lifted its holdings in shares of CMS Energy by 370.6% during the 3rd quarter. Morgan Stanley now owns 2,348,333 shares of the utilities provider’s stock valued at $115,069,000 after acquiring an additional 1,849,279 shares in the last quarter. Norges Bank acquired a new position in shares of CMS Energy during the 4th quarter valued at $84,079,000. GQG Partners LLC acquired a new position in shares of CMS Energy during the 4th quarter valued at $80,790,000. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of CMS Energy by 4,803.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,513,878 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 1,483,006 shares in the last quarter. 92.81% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Catherine M. Reynolds sold 8,187 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $53.02, for a total value of $434,074.74. Following the completion of the transaction, the senior vice president now directly owns 129,389 shares in the company, valued at $6,860,204.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John G. Russell sold 16,800 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $55.35, for a total transaction of $929,880.00. Following the completion of the transaction, the director now owns 299,196 shares of the company’s stock, valued at $16,560,498.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,690 shares of company stock valued at $2,169,900. 0.52% of the stock is owned by insiders.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Credit Suisse Group set a $58.00 price objective on shares of CMS Energy and gave the stock a “buy” rating in a report on Monday, April 22nd. Bank of America upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Thursday, April 11th. SunTrust Banks restated a “hold” rating and issued a $56.00 target price on shares of CMS Energy in a research note on Monday, February 25th. Finally, Argus upped their target price on shares of CMS Energy from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, February 22nd. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $54.77.

Shares of NYSE:CMS traded up $1.23 during trading on Friday, reaching $55.63. 1,673,616 shares of the company’s stock traded hands, compared to its average volume of 2,268,125. CMS Energy Co. has a 12 month low of $42.52 and a 12 month high of $56.29. The company has a quick ratio of 0.92, a current ratio of 1.13 and a debt-to-equity ratio of 2.29. The company has a market cap of $15.68 billion, a PE ratio of 23.88, a P/E/G ratio of 3.47 and a beta of 0.18.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, April 25th. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). CMS Energy had a return on equity of 13.16% and a net margin of 9.01%. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the company posted $0.86 EPS. CMS Energy’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, research analysts forecast that CMS Energy Co. will post 2.5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be given a $0.3825 dividend. This represents a $1.53 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Thursday, May 2nd. CMS Energy’s dividend payout ratio (DPR) is 65.67%.

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CMS Energy Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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