Gulf International Bank UK Ltd Sells 220 Shares of CMS Energy Co. (NYSE:CMS)

Gulf International Bank UK Ltd lowered its position in CMS Energy Co. (NYSE:CMS) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,836 shares of the utilities provider’s stock after selling 220 shares during the period. Gulf International Bank UK Ltd’s holdings in CMS Energy were worth $1,522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pallas Capital Advisors LLC boosted its holdings in CMS Energy by 4.0% in the fourth quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock worth $297,000 after acquiring an additional 173 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of CMS Energy by 5.4% in the third quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock worth $256,000 after purchasing an additional 187 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its stake in shares of CMS Energy by 1.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock worth $1,107,000 after purchasing an additional 200 shares during the last quarter. Private Trust Co. NA raised its stake in shares of CMS Energy by 25.6% in the third quarter. Private Trust Co. NA now owns 982 shares of the utilities provider’s stock worth $69,000 after purchasing an additional 200 shares during the last quarter. Finally, Empirical Finance LLC raised its stake in shares of CMS Energy by 2.2% in the third quarter. Empirical Finance LLC now owns 10,048 shares of the utilities provider’s stock worth $710,000 after purchasing an additional 217 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Insider Transactions at CMS Energy

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,643 shares of the company’s stock, valued at $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laura Wright sold 2,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 38,790 shares of the company’s stock, 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. Insiders sold 39,950 shares of company stock valued at $2,669,620 over the last three months. Company insiders own 0.40% of the company’s stock.

CMS Energy Stock Performance

NYSE:CMS opened at $73.04 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The business has a fifty day simple moving average of $67.86 and a two-hundred day simple moving average of $68.52. CMS Energy Co. has a 1 year low of $56.61 and a 1 year high of $73.37. The company has a market capitalization of $21.82 billion, a P/E ratio of 22.00, a P/E/G ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping 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%. On average, analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were given a $0.5425 dividend. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy’s dividend payout ratio (DPR) is currently 65.36%.

Analysts Set New Price Targets

Several brokerages have recently commented on CMS. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Jefferies Financial Group began coverage on CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective for the company. Morgan Stanley lowered their price objective on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Finally, Guggenheim reaffirmed a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.69.

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.