BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 7,345 Shares of CMS Energy Co. (NYSE:CMS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in CMS Energy Co. (NYSE:CMS) by 12.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,836 shares of the utilities provider’s stock after selling 7,345 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in CMS Energy were worth $3,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CMS. Mackenzie Financial Corp increased its position in CMS Energy by 0.6% in the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock valued at $1,511,000 after acquiring an additional 157 shares during the period. Voisard Asset Management Group Inc. grew its stake in shares of CMS Energy by 25.7% in the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 163 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in CMS Energy by 5.4% in the third quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 187 shares during the period. Horizon Kinetics Asset Management LLC raised its position in CMS Energy by 1.3% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock worth $1,107,000 after purchasing an additional 200 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in CMS Energy by 25.6% during the 3rd quarter. Private Trust Co. NA now owns 982 shares of the utilities provider’s stock worth $69,000 after buying an additional 200 shares during the period. Institutional investors own 93.57% of the company’s stock.

Insider Activity at CMS Energy

In other news, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the sale, the chief accounting officer now owns 24,417 shares in the company, valued at $1,672,564.50. This represents a 3.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the completion of the sale, the senior vice president now owns 64,771 shares of the company’s stock, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Bank of America raised their price objective on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Wells Fargo & Company raised their price target on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. BMO Capital Markets dropped their price target on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Morgan Stanley decreased their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Scotiabank boosted their target price on shares of CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.21.

CMS Energy Stock Performance

NYSE CMS opened at $68.26 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The company has a fifty day simple moving average of $69.66 and a 200 day simple moving average of $65.85. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40. The company has a market cap of $20.39 billion, a P/E ratio of 19.50, a PEG ratio of 2.73 and a beta of 0.41.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Sell-side analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.06 annualized dividend and a yield of 3.02%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio is 58.86%.

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.