CMS Energy Co. (CMS) Shares Sold by American International Group Inc.

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American International Group Inc. lowered its stake in shares of CMS Energy Co. (NYSE:CMS) by 0.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 138,478 shares of the utilities provider’s stock after selling 835 shares during the quarter. American International Group Inc.’s holdings in CMS Energy were worth $7,691,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MML Investors Services LLC lifted its stake in CMS Energy by 30.7% during the 4th quarter. MML Investors Services LLC now owns 14,284 shares of the utilities provider’s stock valued at $709,000 after acquiring an additional 3,356 shares during the period. CI Investments Inc. purchased a new stake in shares of CMS Energy during the 4th quarter valued at about $4,431,000. Bremer Trust National Association purchased a new stake in shares of CMS Energy during the 4th quarter valued at about $55,000. Stevens Capital Management LP purchased a new stake in shares of CMS Energy during the 1st quarter valued at about $4,603,000. Finally, GWM Advisors LLC increased its position in shares of CMS Energy by 4.3% during the 4th quarter. GWM Advisors LLC now owns 245,012 shares of the utilities provider’s stock valued at $12,165,000 after purchasing an additional 10,013 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

Several equities research analysts have recently commented on CMS shares. Bank of America raised shares of CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Thursday, April 11th. Zacks Investment Research raised shares of CMS Energy from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Wednesday, April 3rd. Argus upped their price target on shares of CMS Energy from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, February 22nd. Credit Suisse Group set a $58.00 price target on shares of CMS Energy and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Morgan Stanley upped their price target on shares of CMS Energy from $56.00 to $57.00 and gave the company an “equal weight” rating in a research report on Thursday, May 16th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. CMS Energy presently has a consensus rating of “Buy” and an average price target of $55.31.

In related news, SVP Catherine M. Reynolds sold 6,203 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $54.63, for a total value of $338,869.89. Following the completion of the sale, the senior vice president now directly owns 121,211 shares of the company’s stock, valued at approximately $6,621,756.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John G. Russell sold 16,800 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $55.35, for a total transaction of $929,880.00. Following the completion of the sale, the director now directly owns 299,196 shares of the company’s stock, valued at $16,560,498.60. The disclosure for this sale can be found here. Insiders sold a total of 31,503 shares of company stock valued at $1,735,825 over the last three months. 0.52% of the stock is currently owned by insiders.

CMS Energy stock opened at $56.70 on Thursday. The company has a market capitalization of $15.98 billion, a P/E ratio of 24.33, a PEG ratio of 3.55 and a beta of 0.18. CMS Energy Co. has a 12-month low of $42.52 and a 12-month high of $57.09. The company has a quick ratio of 0.92, a current ratio of 1.13 and a debt-to-equity ratio of 2.29.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, April 25th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.02). The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.96 billion. CMS Energy had a return on equity of 13.16% and a net margin of 9.01%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 earnings per share. Analysts forecast that CMS Energy Co. will post 2.5 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be issued a $0.3825 dividend. This represents a $1.53 annualized dividend and a yield of 2.70%. The ex-dividend date is Thursday, May 2nd. CMS Energy’s dividend payout ratio is 65.67%.

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CMS Energy Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

Read More: Understanding each part of a balance sheet

Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Co. (NYSE:CMS).

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

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