CMS Energy Co. (NYSE:CMS) Shares Sold by National Bank of Canada FI

National Bank of Canada FI cut its position in shares of CMS Energy Co. (NYSE:CMS) by 25.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 273,218 shares of the utilities provider’s stock after selling 92,839 shares during the quarter. National Bank of Canada FI owned approximately 0.09% of CMS Energy worth $16,229,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CMS. Invesco Ltd. raised its holdings in CMS Energy by 7.3% in the 3rd quarter. Invesco Ltd. now owns 4,663,108 shares of the utilities provider’s stock valued at $247,658,000 after acquiring an additional 317,682 shares during the last quarter. abrdn plc lifted its position in CMS Energy by 1.9% during the third quarter. abrdn plc now owns 3,144,280 shares of the utilities provider’s stock worth $166,993,000 after buying an additional 58,405 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in CMS Energy by 23.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,054,137 shares of the utilities provider’s stock worth $162,205,000 after buying an additional 570,800 shares during the period. California Public Employees Retirement System boosted its stake in CMS Energy by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 1,833,803 shares of the utilities provider’s stock worth $97,393,000 after buying an additional 27,644 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of CMS Energy by 6,027.8% during the 3rd quarter. American Century Companies Inc. now owns 1,740,776 shares of the utilities provider’s stock valued at $92,453,000 after acquiring an additional 1,712,368 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Scotiabank decreased their target price on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. Wolfe Research raised shares of CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a research note on Tuesday, January 16th. BMO Capital Markets increased their target price on CMS Energy from $67.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. KeyCorp boosted their price target on CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, Guggenheim upgraded CMS Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $64.00 in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.50.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the completion of the transaction, the senior vice president now owns 68,971 shares of the company’s stock, valued at $3,985,144.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other CMS Energy news, SVP Brian F. Rich sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the completion of the transaction, the senior vice president now directly owns 97,682 shares of the company’s stock, valued at approximately $5,968,370.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Brandon J. Hofmeister sold 3,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the completion of the sale, the senior vice president now owns 68,971 shares in the company, valued at approximately $3,985,144.38. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Stock Performance

CMS Energy stock opened at $62.22 on Wednesday. The firm has a market capitalization of $18.55 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 2.51 and a beta of 0.37. CMS Energy Co. has a one year low of $49.87 and a one year high of $63.76. The stock’s 50 day moving average price is $59.31 and its 200 day moving average price is $57.84. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.05 and a current ratio of 1.35.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.32 billion. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 earnings per share. As a group, sell-side analysts expect that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.515 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.06 annualized dividend and a dividend yield of 3.31%. CMS Energy’s dividend payout ratio is presently 62.80%.

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.