Sei Investments Co. Has $6.45 Million Stake in CMS Energy Co. (NYSE:CMS)

Sei Investments Co. lowered its stake in CMS Energy Co. (NYSE:CMS) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,715 shares of the utilities provider’s stock after selling 8,723 shares during the period. Sei Investments Co.’s holdings in CMS Energy were worth $6,446,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. BankPlus Trust Department acquired a new stake in shares of CMS Energy in the 4th quarter valued at $29,000. Richardson Financial Services Inc. boosted its holdings in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 235 shares during the last quarter. Larson Financial Group LLC increased its position in CMS Energy by 2,900.0% in the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 696 shares during the period. Robbins Farley bought a new stake in CMS Energy during the 4th quarter worth about $62,000. Finally, Catalyst Capital Advisors LLC acquired a new position in CMS Energy during the 4th quarter valued at about $73,000. Institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

CMS has been the subject of several analyst reports. UBS Group lifted their price target on shares of CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Bank of America lifted their target price on shares of CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, March 24th. Scotiabank increased their price target on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. Finally, BMO Capital Markets increased their target price on CMS Energy from $73.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $75.36.

CMS Energy Price Performance

NYSE CMS opened at $75.20 on Tuesday. The stock has a market cap of $22.47 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $75.52. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The business has a 50 day simple moving average of $70.61 and a 200 day simple moving average of $69.31.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 2.89%. The ex-dividend date was Friday, February 14th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio is presently 65.36%.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the sale, the senior vice president now owns 71,931 shares in the company, valued at $5,306,349.87. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Laura Wright sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total value of $174,600.00. Following the transaction, the director now directly owns 38,790 shares in the company, valued at $2,709,093.60. The trade was a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,200 shares of company stock valued at $789,532. 0.40% of the stock is owned by corporate insiders.

CMS Energy Company 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.