Sowell Financial Services LLC Purchases Shares of 4,678 CMS Energy Corporation (NYSE:CMS)

Sowell Financial Services LLC acquired a new stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 4,678 shares of the utilities provider's stock, valued at approximately $351,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of CMS Energy by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider's stock worth $2,544,370,000 after buying an additional 316,011 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of CMS Energy by 32.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock worth $950,227,000 after acquiring an additional 3,486,074 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of CMS Energy by 28.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock valued at $649,264,000 after acquiring an additional 2,131,269 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of CMS Energy by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider's stock valued at $505,869,000 after purchasing an additional 98,910 shares in the last quarter. Finally, Northern Trust Corp increased its position in CMS Energy by 11.6% in the fourth quarter. Northern Trust Corp now owns 2,986,489 shares of the utilities provider's stock worth $199,049,000 after purchasing an additional 311,489 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Analyst Ratings Changes

CMS has been the subject of a number of recent research reports. UBS Group lifted their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Morgan Stanley set a $71.00 price target on CMS Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Bank of America boosted their price objective on CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. Scotiabank reaffirmed an "outperform" rating and issued a $81.00 price objective (up from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. Finally, Evercore ISI lifted 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. 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 data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $77.00.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total value of $161,794.78. Following the completion of the sale, the senior vice president now owns 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 can be accessed through this hyperlink. Company insiders own 0.49% of the company's stock.

CMS Energy Trading Down 0.2%

Shares of NYSE:CMS traded down $0.14 on Tuesday, hitting $69.73. 3,461,924 shares of the company's stock were exchanged, compared to its average volume of 2,309,032. The stock has a market capitalization of $20.86 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 2.46 and a beta of 0.39. CMS Energy Corporation has a 12 month low of $58.50 and a 12 month high of $76.45. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.06 and a quick ratio of 0.84. The business's 50 day simple moving average is $71.12 and its two-hundred day simple moving average is $70.08.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. The company's quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS. Analysts anticipate 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. Shareholders of record on Friday, May 9th were given a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Friday, May 9th. CMS Energy's dividend payout ratio (DPR) is presently 64.39%.

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.