CMS Energy Co. (NYSE:CMS) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. reduced its holdings in CMS Energy Co. (NYSE:CMS) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 323,153 shares of the utilities provider’s stock after selling 19,735 shares during the quarter. Bahl & Gaynor Inc.’s holdings in CMS Energy were worth $18,765,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CMS. CI Investments Inc. increased its stake in CMS Energy by 3.0% during the third quarter. CI Investments Inc. now owns 6,415 shares of the utilities provider’s stock worth $341,000 after acquiring an additional 185 shares during the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of CMS Energy by 2.4% in the third quarter. Stratos Wealth Advisors LLC now owns 8,187 shares of the utilities provider’s stock worth $435,000 after buying an additional 192 shares during the period. Centerpoint Advisors LLC boosted its position in shares of CMS Energy by 25.0% in the third quarter. Centerpoint Advisors LLC now owns 1,000 shares of the utilities provider’s stock worth $53,000 after buying an additional 200 shares during the period. Atria Investments Inc boosted its position in shares of CMS Energy by 0.6% in the third quarter. Atria Investments Inc now owns 37,933 shares of the utilities provider’s stock worth $2,015,000 after buying an additional 227 shares during the period. Finally, IFM Investors Pty Ltd boosted its holdings in CMS Energy by 0.3% in the fourth quarter. IFM Investors Pty Ltd now owns 97,475 shares of the utilities provider’s stock valued at $5,660,000 after purchasing an additional 269 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the sale, the senior vice president now directly owns 68,971 shares in the company, valued at approximately $3,985,144.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.40% of the company’s stock.

CMS Energy Stock Performance

Shares of CMS Energy stock traded down $1.13 on Friday, reaching $59.35. 2,386,366 shares of the company were exchanged, compared to its average volume of 2,514,217. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 0.98. The company’s 50-day moving average is $58.76 and its two-hundred day moving average is $57.42. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 2.34 and a beta of 0.38. CMS Energy Co. has a 1-year low of $49.87 and a 1-year high of $63.76.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.32 billion. CMS Energy had a return on equity of 12.09% and a net margin of 11.89%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. As a group, research analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Tuesday, May 14th. CMS Energy’s payout ratio is 68.44%.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of analyst reports. Barclays reduced their price target 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. Royal Bank of Canada reduced their price target on CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, March 4th. JPMorgan Chase & Co. increased their price target on CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. Wolfe Research raised CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price target for the company in a report on Tuesday, January 16th. Finally, Guggenheim raised CMS Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $60.00 to $64.00 in a report on Friday, February 2nd. One investment 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, CMS Energy has a consensus rating of “Moderate Buy” and a consensus price target of $63.33.

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.