Lord Abbett & CO. LLC Decreases Holdings in CMS Energy Co. (NYSE:CMS)

Lord Abbett & CO. LLC trimmed its position in shares of CMS Energy Co. (NYSE:CMS) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,731,282 shares of the utilities provider’s stock after selling 133,959 shares during the quarter. Lord Abbett & CO. LLC’s holdings in CMS Energy were worth $166,636,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich bought a new position in CMS Energy during the 3rd quarter valued at about $31,000. Jeppson Wealth Management LLC bought a new position in CMS Energy during the 3rd quarter valued at about $34,000. CVA Family Office LLC grew its holdings in CMS Energy by 66.3% during the 3rd quarter. CVA Family Office LLC now owns 715 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 285 shares during the last quarter. Whittier Trust Co. grew its holdings in CMS Energy by 205.8% during the 4th quarter. Whittier Trust Co. now owns 795 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 535 shares during the last quarter. Finally, Harbor Investment Advisory LLC bought a new position in CMS Energy during the 3rd quarter valued at about $51,000. Institutional investors own 90.24% of the company’s stock.

Shares of CMS traded up $0.88 during trading hours on Tuesday, hitting $55.66. The company had a trading volume of 16,843 shares, compared to its average volume of 1,930,120. The company has a market capitalization of $16.08 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 2.94 and a beta of 0.11. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 2.26. CMS Energy Co. has a one year low of $46.03 and a one year high of $68.99. The company’s fifty day moving average price is $57.45 and its two-hundred day moving average price is $60.77.

CMS Energy (NYSE:CMS) last posted its earnings results on Wednesday, February 3rd. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.79 billion. CMS Energy had a return on equity of 14.92% and a net margin of 11.44%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 earnings per share. Analysts forecast that CMS Energy Co. will post 2.67 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 26th. Stockholders of record on Friday, February 5th will be given a $0.435 dividend. The ex-dividend date is Thursday, February 4th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.13%. This is an increase from CMS Energy’s previous quarterly dividend of $0.41. CMS Energy’s payout ratio is presently 69.88%.

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

CMS Energy Company Profile

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.

Further Reading: What are the components of an earnings report?

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.