Sowell Financial Services LLC Makes New Investment in CMS Energy Corporation (NYSE:CMS)

Sowell Financial Services LLC purchased a new position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,678 shares of the utilities provider's stock, valued at approximately $351,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. acquired a new stake in CMS Energy during the 1st quarter worth about $41,611,000. Bernard Wealth Management Corp. acquired a new stake in CMS Energy during the 1st quarter worth about $72,000. Stanley Laman Group Ltd. acquired a new stake in shares of CMS Energy during the 1st quarter valued at about $213,000. Fifth Third Bancorp grew its position in shares of CMS Energy by 8.1% during the 1st quarter. Fifth Third Bancorp now owns 36,304 shares of the utilities provider's stock valued at $2,727,000 after acquiring an additional 2,719 shares during the period. Finally, CX Institutional acquired a new stake in shares of CMS Energy during the 1st quarter valued at about $148,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMS has been the topic of a number of analyst reports. BMO Capital Markets raised their target price on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Bank of America raised their target price on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Wall Street Zen cut CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday. Jefferies Financial Group raised their target price on CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Finally, Scotiabank restated an "outperform" rating and set a $81.00 target price (up from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $77.00.

CMS Energy Trading Up 0.3%

Shares of CMS Energy stock opened at $69.00 on Friday. The firm has a market capitalization of $20.64 billion, a PE ratio of 20.47, a P/E/G ratio of 2.45 and a beta of 0.39. CMS Energy Corporation has a twelve month low of $58.50 and a twelve month high of $76.45. The firm's 50-day moving average price is $71.19 and its 200 day moving average price is $70.02. 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 (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 analysts' consensus estimates of $1.05 by ($0.03). CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. The business had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.32 billion. During the same period last year, the business earned $0.97 earnings per share. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. On average, sell-side analysts predict that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 9th were paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date was Friday, May 9th. CMS Energy's dividend payout ratio (DPR) is 64.39%.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total value of $161,794.78. Following the transaction, the senior vice president now directly owns 69,571 shares of the company's stock, valued at $5,121,121.31. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.40% of the company's stock.

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.

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