Shell Asset Management Co. Cuts Stake in CMS Energy Co. (CMS)

Shell Asset Management Co. lowered its stake in shares of CMS Energy Co. (NYSE:CMS) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,565 shares of the utilities provider’s stock after selling 11,274 shares during the period. Shell Asset Management Co.’s holdings in CMS Energy were worth $3,338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Zions Bancorporation grew its stake in CMS Energy by 8,255.2% during the 3rd quarter. Zions Bancorporation now owns 2,423 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 2,394 shares in the last quarter. Cerebellum GP LLC purchased a new stake in CMS Energy during the 4th quarter valued at about $122,000. IBM Retirement Fund purchased a new stake in CMS Energy during the 3rd quarter valued at about $205,000. Campbell & CO Investment Adviser LLC purchased a new stake in CMS Energy during the 3rd quarter valued at about $216,000. Finally, Greenleaf Trust grew its stake in CMS Energy by 1,746.0% during the 4th quarter. Greenleaf Trust now owns 4,652 shares of the utilities provider’s stock valued at $220,000 after acquiring an additional 4,400 shares in the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

Shares of CMS Energy Co. (NYSE CMS) opened at $43.36 on Wednesday. CMS Energy Co. has a one year low of $40.48 and a one year high of $50.85. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 2.06. The firm has a market cap of $12,482.98, a P/E ratio of 26.44, a PEG ratio of 3.00 and a beta of 0.09.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Wednesday, February 14th. The utilities provider reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. CMS Energy had a net margin of 6.99% and a return on equity of 13.60%. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the prior year, the company posted $0.29 EPS. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. sell-side analysts forecast that CMS Energy Co. will post 2.33 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be paid a $0.3575 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, February 15th. This represents a $1.43 annualized dividend and a dividend yield of 3.30%. CMS Energy’s dividend payout ratio is 87.20%.

Several brokerages recently issued reports on CMS. TheStreet cut shares of CMS Energy from a “b” rating to a “c+” rating in a research note on Wednesday, February 14th. Wells Fargo & Co dropped their price objective on shares of CMS Energy from $55.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Zacks Investment Research raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. Morgan Stanley dropped their price objective on shares of CMS Energy from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 13th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $45.00 price objective on shares of CMS Energy in a research note on Monday, January 29th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $48.54.

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CMS Energy Company Profile

CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.

Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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