CMS Energy Corporation (NYSE:CMS) Holdings Boosted by Perpetual Ltd

Perpetual Ltd increased its position in CMS Energy Corporation (NYSE:CMS - Free Report) by 3.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,155,984 shares of the utilities provider's stock after purchasing an additional 81,867 shares during the period. CMS Energy accounts for about 2.0% of Perpetual Ltd's investment portfolio, making the stock its 13th biggest holding. Perpetual Ltd owned about 0.72% of CMS Energy worth $161,936,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CMS. New York Life Investment Management LLC grew its stake in CMS Energy by 0.8% in the fourth quarter. New York Life Investment Management LLC now owns 39,997 shares of the utilities provider's stock worth $2,666,000 after purchasing an additional 302 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in CMS Energy by 1.7% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 113,769 shares of the utilities provider's stock worth $7,583,000 after purchasing an additional 1,900 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in CMS Energy in the fourth quarter worth about $4,938,000. First American Bank boosted its stake in CMS Energy by 2.1% in the fourth quarter. First American Bank now owns 79,851 shares of the utilities provider's stock valued at $5,322,000 after acquiring an additional 1,673 shares during the period. Finally, Private Trust Co. NA boosted its stake in CMS Energy by 30.4% in the fourth quarter. Private Trust Co. NA now owns 1,281 shares of the utilities provider's stock valued at $85,000 after acquiring an additional 299 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy 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 transaction, the senior vice president directly owned 69,571 shares in the company, valued at approximately $5,121,121.31. The trade was a 3.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.49% of the company's stock.

CMS Energy Price Performance

Shares of NYSE CMS traded up $0.28 during trading on Monday, hitting $69.29. The company had a trading volume of 2,744,689 shares, compared to its average volume of 2,317,671. The company has a market cap of $20.73 billion, a P/E ratio of 20.56, a PEG ratio of 2.46 and a beta of 0.39. CMS Energy Corporation has a 52 week low of $58.50 and a 52 week high of $76.45. The business's 50-day moving average is $70.78 and its 200 day moving average is $70.14. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.84 and a current ratio of 1.06.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data 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 12.06% and a net margin of 13.10%. The firm had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $2.32 billion. During the same quarter in the previous year, the firm posted $0.97 earnings per share. The company's revenue for the quarter was up 12.5% on a year-over-year basis. Equities research analysts predict that CMS Energy Corporation will post 3.59 earnings per share 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 dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Friday, May 9th. CMS Energy's payout ratio is 64.39%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMS. Wall Street Zen cut CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, June 21st. 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. BMO Capital Markets boosted 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. Evercore ISI boosted their target price on CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a report on Monday, April 28th. Finally, UBS Group boosted their target price on CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, CMS Energy has a consensus rating of "Hold" and an average price target of $77.00.

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.