Artemis Investment Management LLP Buys 30,322 Shares of CMS Energy Corporation (NYSE:CMS)

Artemis Investment Management LLP boosted its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 13.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 255,456 shares of the utilities provider's stock after purchasing an additional 30,322 shares during the quarter. Artemis Investment Management LLP owned about 0.09% of CMS Energy worth $19,187,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in CMS Energy by 32.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock valued at $950,227,000 after purchasing an additional 3,486,074 shares during the period. Norges Bank acquired a new stake in shares of CMS Energy during the fourth quarter worth about $171,798,000. Massachusetts Financial Services Co. MA increased its stake in shares of CMS Energy by 28.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock worth $649,264,000 after acquiring an additional 2,131,269 shares during the period. Zimmer Partners LP purchased a new position in shares of CMS Energy during the 4th quarter valued at about $89,173,000. Finally, GAMMA Investing LLC grew its holdings in CMS Energy by 8,733.7% during the first quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider's stock worth $76,110,000 after acquiring an additional 1,001,838 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total value of $161,794.78. Following the sale, the senior vice president now owns 69,571 shares of the company's stock, valued at $5,121,121.31. The trade was a 3.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Wall Street Zen cut CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, June 21st. Evercore ISI raised their price objective on CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a report on Monday, April 28th. UBS Group boosted 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. Finally, Wells Fargo & Company lifted their price target on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, CMS Energy has a consensus rating of "Hold" and a consensus price target of $77.00.

CMS Energy Price Performance

Shares of CMS opened at $69.20 on Friday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.06 and a quick ratio of 0.84. CMS Energy Corporation has a 1-year low of $58.50 and a 1-year high of $76.45. The stock has a market cap of $20.70 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 2.44 and a beta of 0.39. The firm has a fifty day moving average price of $70.92 and a 200 day moving average price of $70.08.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. The firm's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.97 earnings per share. As a group, sell-side analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were paid a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.17 annualized dividend and a dividend yield of 3.14%. CMS Energy's dividend payout ratio (DPR) is 64.39%.

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.

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