ProShare Advisors LLC Purchases 5,614 Shares of CMS Energy Co. (NYSE:CMS)

ProShare Advisors LLC grew its position in CMS Energy Co. (NYSE:CMS - Free Report) by 14.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,292 shares of the utilities provider's stock after purchasing an additional 5,614 shares during the quarter. ProShare Advisors LLC's holdings in CMS Energy were worth $3,019,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smith Group Asset Management LLC bought a new position in shares of CMS Energy during the 4th quarter worth about $333,000. Commonwealth Equity Services LLC boosted its position in shares of CMS Energy by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock worth $5,103,000 after purchasing an additional 392 shares in the last quarter. Caprock Group LLC bought a new position in shares of CMS Energy during the 4th quarter worth about $237,000. Proficio Capital Partners LLC bought a new position in shares of CMS Energy during the 4th quarter worth about $4,938,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of CMS Energy by 1.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 854,716 shares of the utilities provider's stock worth $56,967,000 after purchasing an additional 15,918 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

Insider Transactions at CMS Energy

In other 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 transaction of $147,540.00. Following the completion of the sale, the senior vice president now owns 71,931 shares in the company, valued at $5,306,349.87. This trade represents a 2.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Laura Wright sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the sale, the director now owns 38,790 shares of the company's stock, valued at approximately $2,709,093.60. The trade was a 6.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,698 shares of company stock worth $483,935 in the last quarter. Insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMS. Scotiabank reaffirmed an "outperform" rating and issued a $81.00 price target (up previously from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. BMO Capital Markets raised their price target on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Wells Fargo & Company raised their price target on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Evercore ISI raised 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. Finally, Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $77.25.

CMS Energy Trading Up 0.6%

NYSE:CMS opened at $71.93 on Tuesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The firm has a market cap of $21.52 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a 52 week low of $58.50 and a 52 week high of $76.45. The firm has a 50-day moving average price of $72.64 and a two-hundred day moving average price of $69.85.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 EPS 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 13.35% and a return on equity of 12.02%. The company's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. On average, equities analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.17 annualized dividend and a dividend yield of 3.02%. CMS Energy's payout ratio is currently 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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