Vident Advisory LLC Acquires 9,030 Shares of CMS Energy Co. (NYSE:CMS)

Vident Advisory LLC boosted its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 118.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,657 shares of the utilities provider's stock after acquiring an additional 9,030 shares during the period. Vident Advisory LLC's holdings in CMS Energy were worth $1,110,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Smith Group Asset Management LLC purchased a new stake in shares of CMS Energy during the fourth quarter worth $333,000. Commonwealth Equity Services LLC boosted its stake in shares of CMS Energy by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock worth $5,103,000 after buying an additional 392 shares during the period. Caprock Group LLC acquired a new stake in shares of CMS Energy during the fourth quarter worth about $237,000. Proficio Capital Partners LLC acquired a new stake in shares of CMS Energy during the fourth quarter worth about $4,938,000. Finally, Envestnet Asset Management Inc. lifted its position in CMS Energy by 1.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 854,716 shares of the utilities provider's stock valued at $56,967,000 after purchasing an additional 15,918 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMS has been the subject of a number of research reports. Evercore ISI lifted their price target on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research report on Monday, April 28th. Bank of America lifted their price target on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Morgan Stanley set a $71.00 price target on shares of CMS Energy and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Jefferies Financial Group lifted their price target on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $77.00.

CMS Energy Stock Up 0.6%

CMS stock traded up $0.42 during trading on Thursday, reaching $69.18. The stock had a trading volume of 492,558 shares, compared to its average volume of 2,299,922. CMS Energy Co. has a 1-year low of $58.50 and a 1-year high of $76.45. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $20.69 billion, a P/E ratio of 20.84, a PEG ratio of 2.56 and a beta of 0.42. The firm has a fifty day moving average price of $72.20 and a 200 day moving average price of $69.92.

CMS Energy (NYSE:CMS - Get Free Report) last released 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 company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the firm posted $0.97 EPS. CMS Energy's revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be issued a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Friday, May 9th. CMS Energy's payout ratio is 64.39%.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the transaction, the senior vice president now owns 71,931 shares of the company's stock, valued at approximately $5,306,349.87. This trade represents a 2.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.40% of the stock is currently owned by insiders.

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.