554,000 Shares in CMS Energy Co. (NYSE:CMS) Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. purchased a new position in shares of CMS Energy Co. (NYSE:CMS - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 554,000 shares of the utilities provider's stock, valued at approximately $41,611,000. Vaughan Nelson Investment Management L.P. owned approximately 0.19% of CMS Energy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMS. Price T Rowe Associates Inc. MD raised its stake 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 purchasing an additional 3,486,074 shares in the last quarter. Norges Bank purchased a new stake in shares of CMS Energy during the 4th quarter worth about $171,798,000. Massachusetts Financial Services Co. MA raised its stake 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 worth $649,264,000 after purchasing an additional 2,131,269 shares in the last quarter. Zimmer Partners LP purchased a new stake in shares of CMS Energy during the 4th quarter worth about $89,173,000. Finally, GAMMA Investing LLC raised its stake in shares of CMS Energy by 8,733.7% during the 1st quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider's stock worth $76,110,000 after purchasing an additional 1,001,838 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy 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 owns 69,571 shares of the company's stock, valued at approximately $5,121,121.31. This trade represents a 3.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group increased their price objective on CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Wells Fargo & Company increased their price objective on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Wall Street Zen lowered CMS Energy from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Scotiabank reissued an "outperform" rating and set a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Finally, BMO Capital Markets increased their price objective on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $77.00.

CMS Energy Stock Performance

CMS traded down $0.32 during midday trading on Friday, reaching $70.49. The company's stock had a trading volume of 1,900,294 shares, compared to its average volume of 2,316,829. The stock has a market cap of $21.09 billion, a P/E ratio of 21.23, a PEG ratio of 2.56 and a beta of 0.39. The company has a fifty day simple moving average of $71.41 and a 200 day simple moving average of $70.04. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The business's quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. Research analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Friday, May 9th. CMS Energy's payout ratio is presently 64.39%.

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.