4,362 Shares in CMS Energy Co. (NYSE:CMS) Bought by Vise Technologies Inc.

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

A number of other hedge funds have also recently added to or reduced their stakes in the business. Continuum Advisory LLC raised its holdings in shares of CMS Energy by 12.8% in the 4th quarter. Continuum Advisory LLC now owns 3,472 shares of the utilities provider's stock worth $231,000 after purchasing an additional 395 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of CMS Energy by 21.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,624,075 shares of the utilities provider's stock valued at $174,895,000 after buying an additional 468,233 shares during the period. Worldquant Millennium Advisors LLC raised its holdings in shares of CMS Energy by 71.8% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 52,009 shares of the utilities provider's stock valued at $3,466,000 after buying an additional 21,737 shares during the period. Woodline Partners LP purchased a new stake in shares of CMS Energy during the 4th quarter valued at about $1,196,000. Finally, Zimmer Partners LP purchased a new stake in shares of CMS Energy during the 4th quarter valued at about $89,173,000. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Stock Performance

NYSE:CMS traded up $0.78 during midday trading on Friday, reaching $70.33. 3,560,639 shares of the company traded hands, compared to its average volume of 2,305,110. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45. The firm has a market capitalization of $21.04 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth 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 company has a fifty day moving average price of $72.09 and a 200 day moving average price of $69.98.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.45 billion for 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 company's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. On average, analysts expect that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Friday, May 9th. CMS Energy's dividend payout ratio is presently 64.39%.

Wall Street Analyst Weigh In

CMS has been the topic of several analyst reports. Morgan Stanley set a $71.00 target price on CMS Energy and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Wall Street Zen downgraded CMS Energy from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Scotiabank reiterated an "outperform" rating and set a $81.00 target price (up from $77.00) on shares of CMS Energy in a report on Friday, April 25th. 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 report on Tuesday, April 29th. Finally, Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. One 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. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $77.00.

Insider Transactions at CMS Energy

In related 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 $5,121,121.31. The trade was a 3.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.40% of the company's stock.

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.