Price T Rowe Associates Inc. MD Acquires 3,486,074 Shares of CMS Energy Co. (NYSE:CMS)

Price T Rowe Associates Inc. MD grew its position in CMS Energy Co. (NYSE:CMS - Free Report) by 32.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,256,949 shares of the utilities provider's stock after purchasing an additional 3,486,074 shares during the period. Price T Rowe Associates Inc. MD owned about 4.77% of CMS Energy worth $950,227,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMS. BankPlus Trust Department bought a new position in CMS Energy during the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. lifted its position in shares of CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after buying an additional 235 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after acquiring an additional 696 shares during the last quarter. Mizuho Bank Ltd. bought a new stake in CMS Energy during the fourth quarter worth approximately $61,000. Finally, Robbins Farley acquired a new stake in shares of CMS Energy in the fourth quarter worth $62,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Evercore ISI lifted their price objective on CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research note on Monday. Wells Fargo & Company lifted their price objective on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. BMO Capital Markets increased their price target on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, UBS Group lifted their price objective on CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $77.25.

CMS Energy Trading Up 0.7 %

CMS Energy stock traded up $0.48 during midday trading on Tuesday, hitting $72.99. 963,963 shares of the stock were exchanged, compared to its average volume of 2,278,985. 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. The stock has a market capitalization of $21.81 billion, a PE ratio of 21.98, a P/E/G ratio of 2.56 and a beta of 0.34. The company has a fifty day simple moving average of $72.77 and a two-hundred day simple moving average of $69.69.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The business's revenue was up 12.5% on a year-over-year basis. Equities research analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business 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 $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's payout ratio is currently 64.39%.

Insider Transactions at CMS Energy

In other CMS Energy news, Director Laura Wright sold 2,500 shares of the business's 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 transaction, the director now owns 38,790 shares of the company's stock, valued at $2,709,093.60. The trade was a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the transaction, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. The trade was a 2.71 % 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 over the last quarter. Corporate insiders own 0.40% of the company's stock.

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.