Russell Investments Group Ltd. Has $21.80 Million Stake in CMS Energy Co. (NYSE:CMS)

Russell Investments Group Ltd. lowered its stake in CMS Energy Co. (NYSE:CMS) by 21.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 371,227 shares of the utilities provider’s stock after selling 99,353 shares during the period. Russell Investments Group Ltd. owned 0.13% of CMS Energy worth $21,799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CMS. AMI Investment Management Inc. acquired a new stake in shares of CMS Energy in the first quarter valued at approximately $203,000. Cetera Advisor Networks LLC increased its holdings in shares of CMS Energy by 15.3% in the first quarter. Cetera Advisor Networks LLC now owns 4,179 shares of the utilities provider’s stock valued at $292,000 after purchasing an additional 555 shares in the last quarter. Cibc World Market Inc. acquired a new stake in shares of CMS Energy in the first quarter valued at approximately $3,914,000. Dimensional Fund Advisors LP increased its holdings in shares of CMS Energy by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 982,606 shares of the utilities provider’s stock valued at $68,724,000 after purchasing an additional 56,659 shares in the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of CMS Energy by 2.6% in the first quarter. Blair William & Co. IL now owns 6,561 shares of the utilities provider’s stock valued at $459,000 after purchasing an additional 168 shares in the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Royal Bank of Canada lowered their target price on shares of CMS Energy from $71.00 to $64.00 and set a “sector perform” rating for the company in a report on Wednesday, September 6th. UBS Group reduced their price target on shares of CMS Energy from $66.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, October 4th. BMO Capital Markets reduced their price target on shares of CMS Energy from $62.00 to $61.00 and set an “outperform” rating on the stock in a research report on Monday, October 16th. Barclays cut their price objective on shares of CMS Energy from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 24th. Finally, Guggenheim reduced their target price on shares of CMS Energy from $61.00 to $54.00 in a research note on Monday, October 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and an average target price of $61.73.

CMS Energy Trading Down 0.5 %

CMS Energy stock opened at $57.14 on Tuesday. The firm has a 50-day moving average of $54.78 and a 200-day moving average of $57.49. CMS Energy Co. has a one year low of $49.87 and a one year high of $65.72. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.90 and a quick ratio of 0.51. The company has a market cap of $16.67 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 2.45 and a beta of 0.39.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). CMS Energy had a return on equity of 10.49% and a net margin of 9.61%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the company earned $0.56 earnings per share. The company’s quarterly revenue was down 17.3% on a year-over-year basis. On average, equities analysts expect that CMS Energy Co. will post 3.1 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 3rd will be paid a dividend of $0.4875 per share. The ex-dividend date is Thursday, November 2nd. This represents a $1.95 dividend on an annualized basis and a dividend yield of 3.41%. CMS Energy’s dividend payout ratio is 76.77%.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 1,667 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $56.27, for a total transaction of $93,802.09. Following the completion of the transaction, the senior vice president now directly owns 61,765 shares in the company, valued at approximately $3,475,516.55. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Brandon J. Hofmeister sold 1,667 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $56.27, for a total value of $93,802.09. Following the sale, the senior vice president now directly owns 61,765 shares of the company’s stock, valued at approximately $3,475,516.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Brian F. Rich sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $54.90, for a total transaction of $274,500.00. Following the completion of the sale, the senior vice president now directly owns 88,175 shares in the company, valued at $4,840,807.50. The disclosure for this sale can be found here. Insiders sold a total of 25,667 shares of company stock worth $1,423,372 in the last three months. Insiders own 0.40% of the company’s stock.

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.