CMS Energy Corporation (NYSE:CMS) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in CMS Energy Corporation (NYSE:CMS - Free Report) by 13.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 967,778 shares of the utilities provider's stock after purchasing an additional 113,062 shares during the period. Envestnet Asset Management Inc. owned approximately 0.32% of CMS Energy worth $72,690,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CMS. Price T Rowe Associates Inc. MD increased its holdings in shares of CMS Energy by 32.4% in the fourth 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 CMS Energy during the fourth quarter worth about $171,798,000. Massachusetts Financial Services Co. MA grew its holdings in CMS Energy by 28.0% during 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 acquired a new stake in CMS Energy during the fourth quarter worth 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 owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on CMS. 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 report on Friday, April 25th. Scotiabank reaffirmed an "outperform" rating and set a $81.00 target price (up from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Bank of America raised their target price on CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, March 24th. BMO Capital Markets raised their target price on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Finally, Morgan Stanley set a $71.00 target price on CMS Energy and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $77.00.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total value of $161,794.78. Following the transaction, the senior vice president owned 69,571 shares in the company, valued at $5,121,121.31. This trade represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by company insiders.

CMS Energy Stock Performance

Shares of CMS stock opened at $70.36 on Friday. The company has a market capitalization of $21.05 billion, a P/E ratio of 20.88, a P/E/G ratio of 2.51 and a beta of 0.38. The business's 50 day moving average is $70.20 and its two-hundred day moving average is $70.31. The company has a current ratio of 1.06, a quick ratio of 0.84 and a debt-to-equity ratio of 1.87. CMS Energy Corporation has a 12-month low of $60.03 and a 12-month high of $76.45.

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). The firm had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.32 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. The business's revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.97 EPS. Analysts expect that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were given a $0.5425 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.17 annualized dividend and a dividend yield of 3.08%. CMS Energy's dividend payout ratio (DPR) is presently 64.39%.

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.

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