iSAM Funds UK Ltd Buys Shares of 14,248 CMS Energy Co. (NYSE:CMS)

iSAM Funds UK Ltd bought a new stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 14,248 shares of the utilities provider's stock, valued at approximately $950,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Smith Group Asset Management LLC bought a new stake in CMS Energy during the fourth quarter valued at $333,000. Commonwealth Equity Services LLC increased its stake in CMS Energy by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock valued at $5,103,000 after purchasing an additional 392 shares during the last quarter. Caprock Group LLC bought a new stake in CMS Energy during the fourth quarter valued at $237,000. Proficio Capital Partners LLC bought a new stake in CMS Energy during the fourth quarter valued at $4,938,000. Finally, Envestnet Asset Management Inc. grew its position in shares of CMS Energy by 1.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 854,716 shares of the utilities provider's stock worth $56,967,000 after acquiring an additional 15,918 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

Shares of NYSE CMS opened at $71.93 on Tuesday. CMS Energy Co. has a twelve month low of $58.50 and a twelve month 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 $21.52 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 2.56 and a beta of 0.42. The firm has a 50-day moving average of $72.64 and a two-hundred day moving average of $69.85.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the company posted $0.97 earnings per share. CMS Energy's revenue was up 12.5% compared to the same quarter last year. As a group, analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Friday, May 9th. CMS Energy's dividend payout ratio is presently 64.39%.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, Director Laura Wright sold 2,500 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the sale, the director now directly owns 38,790 shares of the company's stock, valued at approximately $2,709,093.60. This represents a 6.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the sale, the senior vice president now directly owns 71,931 shares of the company's stock, valued at $5,306,349.87. This represents a 2.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,698 shares of company stock valued at $483,935. 0.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CMS shares. 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 research report on Monday, April 21st. BMO Capital Markets upped their price target on shares of CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Morgan Stanley set a $74.00 price target on shares of CMS Energy and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company upped their price target on shares of CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Guggenheim restated a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $77.25.

CMS Energy Company 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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