XTX Topco Ltd Sells 1,512 Shares of CMS Energy Co. (NYSE:CMS)

XTX Topco Ltd lowered its stake in CMS Energy Co. (NYSE:CMS) by 24.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,682 shares of the utilities provider’s stock after selling 1,512 shares during the period. XTX Topco Ltd’s holdings in CMS Energy were worth $312,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Smith Group Asset Management LLC purchased a new position in shares of CMS Energy in the 4th quarter valued at approximately $333,000. Hennion & Walsh Asset Management Inc. lifted its position in CMS Energy by 39.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider’s stock valued at $1,342,000 after buying an additional 5,662 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of CMS Energy by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider’s stock valued at $5,103,000 after buying an additional 392 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of CMS Energy by 49.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider’s stock worth $1,787,000 after buying an additional 8,927 shares during the period. Finally, Hennessy Advisors Inc. increased its stake in shares of CMS Energy by 2.7% in the 4th quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider’s stock worth $11,377,000 after acquiring an additional 4,500 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Stock Performance

Shares of CMS stock opened at $74.06 on Friday. The firm has a market capitalization of $22.13 billion, a PE ratio of 22.31, a P/E/G ratio of 2.56 and a beta of 0.34. The company has a 50 day moving average price of $72.67 and a 200-day moving average price of $69.65. CMS Energy Co. has a 52 week low of $58.50 and a 52 week high of $76.45. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.13). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. As a group, equities research analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.93%. CMS Energy’s dividend payout ratio is currently 65.36%.

Insider Activity

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the sale, the chief accounting officer now directly owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Laura Wright sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the transaction, the director now 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. Insiders sold 11,200 shares of company stock valued at $789,532 in the last quarter. 0.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on CMS. StockNews.com lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Friday, April 18th. Jefferies Financial Group upped their price target on CMS Energy from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday. Guggenheim reiterated a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. Bank of America increased their target price on CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. Finally, BMO Capital Markets reduced their price target on CMS Energy from $80.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $75.73.

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.