Artemis Investment Management LLP Raises Holdings in CMS Energy Corporation (NYSE:CMS)

Artemis Investment Management LLP boosted its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 13.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 255,456 shares of the utilities provider's stock after acquiring an additional 30,322 shares during the period. Artemis Investment Management LLP owned 0.09% of CMS Energy worth $19,187,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Larson Financial Group LLC raised 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 worth $48,000 after buying an additional 696 shares in the last quarter. Optiver Holding B.V. boosted its stake in shares of CMS Energy by 39.2% in the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 229 shares in the last quarter. Mizuho Bank Ltd. acquired a new stake in shares of CMS Energy in the 4th quarter valued at approximately $61,000. Covestor Ltd increased its position in CMS Energy by 51.9% during the 4th quarter. Covestor Ltd now owns 1,065 shares of the utilities provider's stock worth $71,000 after purchasing an additional 364 shares in the last quarter. Finally, Bernard Wealth Management Corp. acquired a new position in CMS Energy during the 1st quarter worth approximately $72,000. 93.57% of the stock is currently owned by institutional investors.

Insider Activity

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total transaction of $161,794.78. Following the completion of the sale, the senior vice president now directly owns 69,571 shares of the company's stock, valued at approximately $5,121,121.31. This represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMS. Jefferies Financial Group upped their price target on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Evercore ISI boosted their price target on CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a report on Monday, April 28th. Morgan Stanley set a $71.00 price objective on shares of CMS Energy and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. Finally, Wells Fargo & Company raised their target price on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, CMS Energy presently has a consensus rating of "Hold" and an average target price of $77.00.

CMS Energy Price Performance

Shares of CMS Energy stock traded up $0.28 during trading on Monday, hitting $69.29. 2,697,145 shares of the stock traded hands, compared to its average volume of 2,317,491. The stock has a market cap of $20.73 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.46 and a beta of 0.39. The firm's fifty day moving average is $70.84 and its 200-day moving average is $70.13. The company has a quick ratio of 0.84, a current ratio of 1.06 and a debt-to-equity ratio of 1.87. CMS Energy Corporation has a 52 week low of $58.50 and a 52 week high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. The business had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.32 billion. During the same quarter in the previous year, the business earned $0.97 EPS. CMS Energy's revenue for the quarter was up 12.5% compared to the same quarter last year. Research analysts expect that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 9th were given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Friday, May 9th. CMS Energy's payout ratio 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.