Dynamic Technology Lab Private Ltd Sells 437 Shares of CMS Energy Co. (NYSE:CMS)

Dynamic Technology Lab Private Ltd lowered its position in CMS Energy Co. (NYSE:CMS) by 7.7% during the 3rd quarter, Holdings Channel reports. The firm owned 5,247 shares of the utilities provider’s stock after selling 437 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in CMS Energy were worth $371,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake in shares of CMS Energy by 79.9% during the second quarter. Assenagon Asset Management S.A. now owns 731,887 shares of the utilities provider’s stock valued at $43,569,000 after buying an additional 325,101 shares during the period. Cetera Investment Advisers grew its holdings in CMS Energy by 325.4% during the 1st quarter. Cetera Investment Advisers now owns 26,219 shares of the utilities provider’s stock worth $1,582,000 after acquiring an additional 20,056 shares in the last quarter. Quest Partners LLC increased its position in CMS Energy by 130,804.3% during the 2nd quarter. Quest Partners LLC now owns 30,108 shares of the utilities provider’s stock valued at $1,792,000 after purchasing an additional 30,085 shares during the period. Mizuho Securities USA LLC raised its holdings in shares of CMS Energy by 992.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider’s stock valued at $18,075,000 after purchasing an additional 228,501 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of CMS Energy by 10.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after purchasing an additional 719,093 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMS has been the subject of a number of recent research reports. Scotiabank boosted their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Mizuho lowered CMS Energy from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. StockNews.com downgraded CMS Energy from a “hold” rating to a “sell” rating in a research report on Thursday. Barclays boosted their target price on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, Bank of America increased their price target on shares of CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.21.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the transaction, the senior vice president now directly owns 64,771 shares of the company’s stock, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the sale, the chief accounting officer now owns 24,417 shares in the company, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

CMS Energy Trading Down 1.1 %

CMS Energy stock opened at $69.71 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The firm has a market cap of $20.83 billion, a PE ratio of 19.92, a P/E/G ratio of 2.81 and a beta of 0.41. The stock’s 50 day simple moving average is $69.74 and its two-hundred day simple moving average is $65.76. CMS Energy Co. has a 12 month low of $55.10 and a 12 month high of $72.40.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. Analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.515 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date was Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a yield of 2.96%. CMS Energy’s dividend payout ratio is presently 58.86%.

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.