Ameriprise Financial Inc. Sells 104,404 Shares of CMS Energy Co. (NYSE:CMS)

Ameriprise Financial Inc. lessened its position in CMS Energy Co. (NYSE:CMS) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,931,669 shares of the utilities provider’s stock after selling 104,404 shares during the quarter. Ameriprise Financial Inc. owned 1.65% of CMS Energy worth $328,641,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Pallas Capital Advisors LLC boosted its position in shares of CMS Energy by 4.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock valued at $297,000 after buying an additional 173 shares during the period. Mather Group LLC. boosted its holdings in CMS Energy by 5.8% during the 4th quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider’s stock valued at $266,000 after acquiring an additional 220 shares during the period. Signaturefd LLC grew its position in CMS Energy by 4.9% in the 4th quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider’s stock valued at $317,000 after acquiring an additional 220 shares during the last quarter. Stephens Consulting LLC increased its stake in CMS Energy by 5.5% in the fourth quarter. Stephens Consulting LLC now owns 4,327 shares of the utilities provider’s stock worth $288,000 after purchasing an additional 225 shares during the period. Finally, Optiver Holding B.V. lifted its position in shares of CMS Energy by 39.2% during the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 229 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Bank of America boosted their price target on CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a report on Monday, March 24th. Guggenheim reaffirmed a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. Morgan Stanley set a $74.00 price target on CMS Energy and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Finally, StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, April 28th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and an average target price of $77.25.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the sale, the chief accounting officer now directly owns 21,643 shares in the company, valued at approximately $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 a total of 11,200 shares of company stock worth $789,532 over the last three months. 0.40% of the stock is currently owned by insiders.

CMS Energy Price Performance

NYSE CMS opened at $73.02 on Tuesday. The firm’s fifty day simple moving average is $72.89 and its two-hundred day simple moving average is $69.78. CMS Energy Co. has a 12-month low of $58.50 and a 12-month high of $76.45. The firm has a market capitalization of $21.84 billion, a P/E ratio of 21.99, a P/E/G ratio of 2.56 and a beta of 0.34. 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 (NYSE:CMS) last posted its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.03). The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. Analysts forecast that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be paid a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Friday, May 9th. CMS Energy’s payout ratio is 64.39%.

About CMS Energy

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.