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

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

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

Analyst Ratings Changes

Several research firms have issued reports on CMS. Wall Street Zen lowered CMS Energy from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. UBS Group boosted their price target on CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Bank of America boosted their price target on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a report on Monday, March 24th. BMO Capital Markets boosted their price target on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Finally, Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $68.00 to $75.00 in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $77.00.

Insider Buying and Selling

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

CMS Energy Price Performance

Shares of NYSE CMS traded down $1.03 during mid-day trading on Wednesday, reaching $68.78. The company's stock had a trading volume of 396,933 shares, compared to its average volume of 2,300,502. The firm has a market capitalization of $20.57 billion, a PE ratio of 20.71, 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. The stock has a fifty day moving average of $72.29 and a two-hundred day moving average of $69.93. CMS Energy Co. has a 52 week low of $58.50 and a 52 week high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 12.02% and a net margin of 13.35%. CMS Energy's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. As a group, sell-side analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be given a $0.5425 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.16%. CMS Energy's dividend 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.