UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 468,233 Shares of CMS Energy Co. (NYSE:CMS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in CMS Energy Co. (NYSE:CMS - Free Report) by 21.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,624,075 shares of the utilities provider's stock after purchasing an additional 468,233 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.88% of CMS Energy worth $174,895,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BankPlus Trust Department bought a new stake in shares of CMS Energy in the 4th quarter worth about $29,000. Richardson Financial Services Inc. lifted its position in CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after buying an additional 235 shares in the last quarter. Larson Financial Group LLC lifted its position in CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 696 shares during the period. Optiver Holding B.V. lifted its position in CMS Energy by 39.2% during the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 229 shares during the period. Finally, Mizuho Bank Ltd. acquired a new position in CMS Energy during the 4th quarter valued at about $61,000. Institutional investors own 93.57% of the company's stock.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total value of $161,794.78. Following the transaction, the senior vice president now owns 69,571 shares in the company, valued at approximately $5,121,121.31. This trade represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.49% of the company's stock.

CMS Energy Trading Down 2.1%

Shares of CMS Energy stock opened at $69.30 on Friday. The business has a fifty day simple moving average of $72.53 and a two-hundred day simple moving average of $69.87. CMS Energy Co. has a 1 year low of $58.50 and a 1 year high of $76.45. The company has a market capitalization of $20.73 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 2.56 and a beta of 0.42. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the business earned $0.97 EPS. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. Research analysts forecast that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's dividend payout ratio is currently 64.39%.

Analysts Set New Price Targets

A number of research firms have issued reports on CMS. Evercore ISI upped their target price 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. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Wednesday. Morgan Stanley set a $71.00 target price on CMS Energy and gave the stock an "equal weight" rating in a research note on Thursday. BMO Capital Markets increased their target price on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Finally, Jefferies Financial Group raised their price target on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, CMS Energy presently 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.

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