Oliver Lagore Vanvalin Investment Group Cuts Stake in CMS Energy Co. (NYSE:CMS)

Oliver Lagore Vanvalin Investment Group cut its stake in CMS Energy Co. (NYSE:CMS) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,345 shares of the utilities provider’s stock after selling 450 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in CMS Energy were worth $252,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CMS. Caisse DE Depot ET Placement DU Quebec acquired a new position in CMS Energy in the first quarter worth about $188,418,000. Morgan Stanley raised its holdings in CMS Energy by 75.0% during the fourth quarter. Morgan Stanley now owns 4,457,642 shares of the utilities provider’s stock worth $282,303,000 after purchasing an additional 1,910,519 shares in the last quarter. Norges Bank bought a new stake in CMS Energy during the fourth quarter worth approximately $115,134,000. American Century Companies Inc. raised its holdings in CMS Energy by 6,027.8% during the third quarter. American Century Companies Inc. now owns 1,740,776 shares of the utilities provider’s stock worth $92,453,000 after purchasing an additional 1,712,368 shares in the last quarter. Finally, State Street Corp raised its holdings in CMS Energy by 11.0% during the first quarter. State Street Corp now owns 16,331,901 shares of the utilities provider’s stock worth $1,142,253,000 after purchasing an additional 1,613,255 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CMS Energy news, 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 sale, the senior vice president now directly owns 68,971 shares of the company’s stock, valued at $3,985,144.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.40% of the company’s stock.

CMS Energy Stock Performance

NYSE:CMS opened at $58.48 on Friday. CMS Energy Co. has a 12-month low of $49.87 and a 12-month high of $63.76. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $17.46 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 2.26 and a beta of 0.38. The firm has a 50-day moving average price of $58.37 and a 200 day moving average price of $57.10.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.01. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. The company’s quarterly revenue was down 14.4% compared to the same quarter last year. Research analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Monday, February 12th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.52%. This is a boost from CMS Energy’s previous quarterly dividend of $0.49. The ex-dividend date was Friday, February 9th. CMS Energy’s dividend payout ratio is currently 68.44%.

Analyst Ratings Changes

Several research analysts have issued reports on CMS shares. Barclays dropped their price target on CMS Energy from $58.00 to $57.00 and set an “equal weight” rating on the stock in a report on Monday. BMO Capital Markets lifted their price objective on shares of CMS Energy from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday. KeyCorp boosted their price target on shares of CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Friday. Wolfe Research upgraded shares of CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price target on the stock in a report on Tuesday, January 16th. Finally, Royal Bank of Canada decreased their price objective on shares of CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and an average price target of $62.73.

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.