Chartwell Investment Partners LLC Sells 4,252 Shares of CMS Energy Co. (NYSE:CMS)

Chartwell Investment Partners LLC cut its holdings in shares of CMS Energy Co. (NYSE:CMS) by 2.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 196,747 shares of the utilities provider’s stock after selling 4,252 shares during the period. Chartwell Investment Partners LLC’s holdings in CMS Energy were worth $12,004,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Exchange Traded Concepts LLC raised its holdings in CMS Energy by 3.1% during the third quarter. Exchange Traded Concepts LLC now owns 5,722 shares of the utilities provider’s stock valued at $351,000 after acquiring an additional 172 shares during the period. Worldquant Millennium Advisors LLC grew its position in shares of CMS Energy by 0.4% during the third quarter. Worldquant Millennium Advisors LLC now owns 48,882 shares of the utilities provider’s stock valued at $3,002,000 after purchasing an additional 172 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of CMS Energy by 1.4% during the third quarter. Steward Partners Investment Advisory LLC now owns 14,357 shares of the utilities provider’s stock valued at $882,000 after purchasing an additional 192 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of CMS Energy by 2.6% during the third quarter. Mercer Global Advisors Inc. ADV now owns 9,563 shares of the utilities provider’s stock valued at $587,000 after purchasing an additional 241 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its position in shares of CMS Energy by 5.6% during the fourth quarter. Great Lakes Advisors LLC now owns 4,915 shares of the utilities provider’s stock valued at $300,000 after purchasing an additional 262 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE CMS opened at $54.78 on Tuesday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.83 and a quick ratio of 0.62. The company has a market cap of $15.83 billion, a P/E ratio of 20.44, a PEG ratio of 2.94 and a beta of 0.11. CMS Energy Co. has a 1 year low of $46.03 and a 1 year high of $68.99. The firm has a 50-day simple moving average of $57.45 and a two-hundred day simple moving average of $60.77.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Wednesday, February 3rd. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.79 billion. CMS Energy had a net margin of 11.44% and a return on equity of 14.92%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share. As a group, equities research analysts expect that CMS Energy Co. will post 2.67 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 26th. Shareholders of record on Friday, February 5th will be paid a $0.435 dividend. The ex-dividend date of this dividend is Thursday, February 4th. This represents a $1.74 annualized dividend and a yield of 3.18%. This is an increase from CMS Energy’s previous quarterly dividend of $0.41. CMS Energy’s dividend payout ratio (DPR) is presently 69.88%.

A number of brokerages have recently weighed in on CMS. Credit Suisse Group upgraded CMS Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $63.00 to $64.00 in a research report on Friday, February 5th. Cfra lowered CMS Energy from a “hold” rating to a “sell” rating in a research report on Monday, November 16th. Morgan Stanley cut their price objective on CMS Energy from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 15th. Finally, Barclays raised their price objective on CMS Energy from $65.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. CMS Energy currently has an average rating of “Hold” and an average target price of $65.59.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in four segments: Electric Utility, Gas Utility, Enterprises, and EnerBank. 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.

Featured Story: What does a neutral rating on stocks mean?

Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Co. (NYSE:CMS).

Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter.