American Century Companies Inc. Has $5.30 Million Stock Holdings in CMS Energy Co. (NYSE:CMS)

American Century Companies Inc. trimmed its position in shares of CMS Energy Co. (NYSE:CMS) by 71.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,439 shares of the utilities provider’s stock after selling 201,172 shares during the period. American Century Companies Inc.’s holdings in CMS Energy were worth $5,295,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CMS. Walleye Capital LLC acquired a new position in shares of CMS Energy in the third quarter valued at $561,000. Janus Henderson Group PLC increased its holdings in CMS Energy by 1,122.4% in the 3rd quarter. Janus Henderson Group PLC now owns 479,203 shares of the utilities provider’s stock valued at $33,845,000 after buying an additional 440,000 shares during the period. Investment Management Corp of Ontario raised its stake in shares of CMS Energy by 47.1% in the 3rd quarter. Investment Management Corp of Ontario now owns 9,992 shares of the utilities provider’s stock valued at $706,000 after buying an additional 3,200 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of CMS Energy by 38.3% during the 3rd quarter. Quantinno Capital Management LP now owns 23,466 shares of the utilities provider’s stock worth $1,657,000 after acquiring an additional 6,501 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of CMS Energy by 26.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 14,011 shares of the utilities provider’s stock valued at $990,000 after acquiring an additional 2,913 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CMS. UBS Group increased their price target on shares of CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. 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 report on Monday, March 24th. Scotiabank boosted their price target on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets increased their price objective on CMS Energy from $73.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, March 24th. Finally, Guggenheim reissued a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $75.36.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the sale, the senior vice president now directly owns 71,931 shares of the company’s stock, valued at approximately $5,306,349.87. The trade was a 2.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at $1,509,815.68. This trade represents a 23.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,200 shares of company stock valued at $789,532. 0.40% of the stock is currently owned by corporate insiders.

CMS Energy Stock Performance

Shares of NYSE:CMS opened at $72.81 on Friday. The business has a fifty day moving average of $71.24 and a 200-day moving average of $69.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. CMS Energy Co. has a twelve month low of $56.61 and a twelve month high of $76.45. The firm has a market cap of $21.76 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. On average, equities research analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were given a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s payout ratio is 65.36%.

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.