Vise Technologies Inc. Invests $291,000 in CMS Energy Co. (NYSE:CMS)

Vise Technologies Inc. purchased a new stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,362 shares of the utilities provider's stock, valued at approximately $291,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMS. BankPlus Trust Department bought a new position in CMS Energy during the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. boosted its stake in CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock valued at $30,000 after buying an additional 235 shares during the last quarter. Larson Financial Group LLC boosted its stake in CMS Energy by 2,900.0% during the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after buying an additional 696 shares during the last quarter. Optiver Holding B.V. boosted its stake in CMS Energy by 39.2% during the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after buying an additional 229 shares during the last quarter. Finally, Mizuho Bank Ltd. bought a new position in CMS Energy during the fourth quarter valued at approximately $61,000. 93.57% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy 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 directly owns 69,571 shares in the company, valued at approximately $5,121,121.31. This trade represents a 3.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Evercore ISI raised their price objective on CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research note on Monday, April 28th. Wall Street Zen lowered CMS Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. BMO Capital Markets raised their price objective on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Bank of America raised their price objective on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Finally, UBS Group raised their price objective on CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. One research 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. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of "Hold" and a consensus target price of $77.00.

CMS Energy Trading Up 1.1%

Shares of NYSE CMS traded up $0.78 during midday trading on Friday, hitting $70.33. The company's stock had a trading volume of 3,560,639 shares, compared to its average volume of 2,308,150. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The business's 50 day moving average is $72.12 and its two-hundred day moving average is $69.93. CMS Energy Co. has a 12-month low of $58.50 and a 12-month high of $76.45. The firm has a market cap of $21.04 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.03). The firm had revenue of $2.45 billion for 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%. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. As a group, equities research analysts expect that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.5425 per share. The ex-dividend date is Friday, May 9th. This represents a $2.17 annualized dividend and a yield of 3.09%. CMS Energy's payout ratio is currently 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.