Versor Investments LP Sells 19,361 Shares of CMS Energy Co. (NYSE:CMS)

Posted by Defense World Staff on Apr 15th, 2023

Versor Investments LP cut its position in shares of CMS Energy Co. (NYSE:CMS – Get Rating) by 75.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,376 shares of the utilities provider’s stock after selling 19,361 shares during the period. Versor Investments LP’s holdings in CMS Energy were worth $404,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blair William & Co. IL lifted its stake in shares of CMS Energy by 2.6% in the 1st 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 during the last quarter. Oxler Private Wealth LLC lifted its stake in shares of CMS Energy by 0.6% in the 3rd quarter. Oxler Private Wealth LLC now owns 27,126 shares of the utilities provider’s stock valued at $1,580,000 after purchasing an additional 174 shares during the last quarter. Kinneret Advisory LLC lifted its stake in shares of CMS Energy by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 7,756 shares of the utilities provider’s stock valued at $542,000 after purchasing an additional 174 shares during the last quarter. Dupont Capital Management Corp lifted its stake in shares of CMS Energy by 23.1% in the 4th quarter. Dupont Capital Management Corp now owns 975 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 183 shares during the last quarter. Finally, Stephens Inc. AR lifted its stake in shares of CMS Energy by 3.8% in the 4th quarter. Stephens Inc. AR now owns 5,314 shares of the utilities provider’s stock valued at $337,000 after purchasing an additional 194 shares during the last quarter. 92.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,250 shares of the firm’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $60.00, for a total transaction of $75,000.00. Following the transaction, the senior vice president now directly owns 64,131 shares in the company, valued at approximately $3,847,860. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Brian F. Rich sold 4,000 shares of CMS Energy stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $61.72, for a total value of $246,880.00. Following the transaction, the senior vice president now directly owns 91,927 shares in the company, valued at approximately $5,673,734.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 1,250 shares of CMS Energy stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $60.00, for a total value of $75,000.00. Following the completion of the transaction, the senior vice president now owns 64,131 shares in the company, valued at $3,847,860. The disclosure for this sale can be found here. Insiders have sold 7,314 shares of company stock worth $447,136 in the last ninety days. 0.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. TheStreet raised CMS Energy from a “c+” rating to a “b-” rating in a research note on Tuesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $71.00 price objective on shares of CMS Energy in a research note on Wednesday, February 8th. Wells Fargo & Company lowered their price objective on CMS Energy from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, February 3rd. BMO Capital Markets reduced their price target on CMS Energy from $70.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, February 14th. Finally, StockNews.com began coverage on CMS Energy in a report on Thursday, March 16th. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.56.

CMS Energy Trading Down 1.5 %

CMS opened at $60.79 on Friday. The stock’s fifty day moving average is $60.70 and its two-hundred day moving average is $60.47. The company has a market capitalization of $17.73 billion, a P/E ratio of 21.33, a PEG ratio of 2.47 and a beta of 0.36. CMS Energy Co. has a 52 week low of $52.41 and a 52 week high of $73.76. The company has a quick ratio of 0.78, a current ratio of 1.15 and a debt-to-equity ratio of 1.79.

CMS Energy (NYSE:CMS – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The utilities provider reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.05 billion. CMS Energy had a return on equity of 11.57% and a net margin of 9.74%. CMS Energy’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. Analysts forecast that CMS Energy Co. will post 3.11 earnings per share for the current year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Monday, February 13th were issued a dividend of $0.4875 per share. This is an increase from CMS Energy’s previous quarterly dividend of $0.46. This represents a $1.95 annualized dividend and a yield of 3.21%. The ex-dividend date was Friday, February 10th. CMS Energy’s dividend payout ratio (DPR) is presently 68.42%.

About CMS Energy

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CMS Energy Corp. engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment focuses on generation, purchase, distribution, and sale of electricity. The Gas Utility segment includes purchase, transmission, storage, distribution, and sale of natural gas.