Wedge Capital Management L L P NC Decreases Stake in CMS Energy Co. (NYSE:CMS)

Wedge Capital Management L L P NC decreased its position in CMS Energy Co. (NYSE:CMS) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 100,188 shares of the utilities provider’s stock after selling 743 shares during the period. Wedge Capital Management L L P NC’s holdings in CMS Energy were worth $5,818,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Greenleaf Trust increased its stake in shares of CMS Energy by 31.5% during the fourth quarter. Greenleaf Trust now owns 10,446 shares of the utilities provider’s stock valued at $607,000 after buying an additional 2,503 shares during the period. Calamos Advisors LLC increased its position in CMS Energy by 54.9% during the 4th quarter. Calamos Advisors LLC now owns 220,691 shares of the utilities provider’s stock valued at $12,816,000 after purchasing an additional 78,217 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of CMS Energy by 23.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 29,819 shares of the utilities provider’s stock worth $1,731,000 after purchasing an additional 5,740 shares during the period. Financial Strategies Group Inc. bought a new stake in shares of CMS Energy during the 4th quarter valued at about $202,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of CMS Energy during the fourth quarter valued at about $1,022,000. 93.57% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 3,500 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total transaction of $202,230.00. Following the transaction, the senior vice president now owns 68,971 shares in the company, valued at $3,985,144.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.53% of the company’s stock.

CMS Energy Stock Down 0.2 %

Shares of CMS opened at $59.90 on Wednesday. CMS Energy Co. has a 12-month low of $49.87 and a 12-month high of $63.76. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84. The company has a market capitalization of $17.89 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 2.33 and a beta of 0.38. The business’s 50 day moving average is $58.57 and its 200 day moving average is $57.34.

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

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a $0.515 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.44%. CMS Energy’s dividend payout ratio is currently 68.44%.

Wall Street Analyst Weigh In

Several brokerages have commented on CMS. Seaport Res Ptn lowered shares of CMS Energy from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Barclays decreased their price objective on CMS Energy from $58.00 to $57.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. Wolfe Research upgraded shares of CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 target price on the stock in a report on Tuesday, January 16th. Scotiabank lowered their price target on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a research report on Monday. Finally, BMO Capital Markets upped their price objective on shares of CMS Energy from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $63.00.

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.