Tobam Has $31,000 Stock Holdings in CMS Energy Co. (NYSE:CMS)

Tobam cut its holdings in CMS Energy Co. (NYSE:CMS) by 44.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 414 shares of the utilities provider’s stock after selling 332 shares during the quarter. Tobam’s holdings in CMS Energy were worth $31,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Signaturefd LLC boosted its position in CMS Energy by 4.9% during 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 in the last quarter. Optiver Holding B.V. increased its stake in shares of CMS Energy by 39.2% in the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 229 shares in the last quarter. Bryn Mawr Capital Management LLC increased its stake in shares of CMS Energy by 5.0% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 5,000 shares of the utilities provider’s stock valued at $317,000 after purchasing an additional 240 shares in the last quarter. SageView Advisory Group LLC increased its stake in CMS Energy by 7.1% during the 4th quarter. SageView Advisory Group LLC now owns 3,762 shares of the utilities provider’s stock worth $251,000 after buying an additional 249 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in CMS Energy by 9.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,200 shares of the utilities provider’s stock worth $213,000 after buying an additional 283 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total transaction of $161,794.78. Following the sale, the senior vice president now owns 69,571 shares of the company’s stock, valued at approximately $5,121,121.31. This represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by corporate insiders.

CMS Energy Trading Down 0.5%

CMS opened at $70.49 on Friday. CMS Energy Co. has a one year low of $58.50 and a one year high of $76.45. The stock has a market capitalization of $21.09 billion, a PE ratio of 21.23, a P/E/G ratio of 2.56 and a beta of 0.39. The business’s 50 day moving average price is $71.41 and its 200 day moving average price is $70.04. 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 released its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). The business had revenue of $2.45 billion during 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 company’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 earnings per share. As a group, equities research analysts expect that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 9th were given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Friday, May 9th. CMS Energy’s payout ratio is 64.39%.

Analysts Set New Price Targets

Several equities research analysts have commented on CMS shares. Wells Fargo & Company boosted their price objective on CMS Energy from $78.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. BMO Capital Markets boosted their price objective on CMS Energy from $77.00 to $79.00 and gave the stock 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 boosted their target price for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Wall Street Zen cut CMS Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Finally, Evercore ISI boosted their target price on CMS Energy from $73.00 to $76.00 and gave the stock an “in-line” rating in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $77.00.

CMS Energy 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.