International Assets Investment Management LLC Invests $4.39 Million in CMS Energy Co. (NYSE:CMS)

International Assets Investment Management LLC acquired a new stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 75,607 shares of the utilities provider's stock, valued at approximately $4,390,000.

Other large investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its position in shares of CMS Energy by 68.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider's stock valued at $3,721,000 after buying an additional 26,034 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in CMS Energy by 49.9% in the third quarter. Epoch Investment Partners Inc. now owns 302,221 shares of the utilities provider's stock valued at $16,051,000 after acquiring an additional 100,618 shares during the period. New England Asset Management Inc. increased its stake in CMS Energy by 38.8% in the third quarter. New England Asset Management Inc. now owns 132,950 shares of the utilities provider's stock valued at $7,061,000 after acquiring an additional 37,147 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in CMS Energy in the third quarter valued at about $4,209,000. Finally, Advisors Asset Management Inc. increased its stake in CMS Energy by 4.7% in the third quarter. Advisors Asset Management Inc. now owns 21,521 shares of the utilities provider's stock valued at $1,143,000 after acquiring an additional 957 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following the transaction, the senior vice president now directly owns 68,971 shares in the company, valued at $3,985,144.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on CMS. UBS Group cut shares of CMS Energy from a "buy" rating to a "neutral" rating and set a $65.00 target price on the stock. in a research note on Thursday, April 4th. KeyCorp upped their target price on shares of CMS Energy from $60.00 to $65.00 and gave the company an "overweight" rating in a research note on Thursday, January 4th. BMO Capital Markets upped their target price on shares of CMS Energy from $63.00 to $64.00 and gave the company an "outperform" rating in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of CMS Energy from $65.00 to $66.00 and gave the company an "overweight" rating in a research note on Wednesday, March 13th. Finally, Barclays decreased their price objective on shares of CMS Energy from $58.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, CMS Energy currently has a consensus rating of "Moderate Buy" and an average target price of $62.64.

CMS Energy Price Performance

Shares of CMS traded up $1.36 during mid-day trading on Wednesday, hitting $58.25. 2,023,327 shares of the company traded hands, compared to its average volume of 2,434,631. CMS Energy Co. has a one year low of $49.87 and a one year high of $63.76. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84. The business has a 50-day moving average of $58.29 and a 200 day moving average of $57.08. The stock has a market capitalization of $17.39 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 2.23 and a beta of 0.38.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.04 by $0.01. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $2.62 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. CMS Energy's revenue was down 14.4% compared to the same quarter last year. As a group, equities analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Monday, February 12th were issued a $0.515 dividend. This is a positive change from CMS Energy's previous quarterly dividend of $0.49. This represents a $2.06 annualized dividend and a yield of 3.54%. The ex-dividend date was Friday, February 9th. CMS Energy's dividend payout ratio is currently 68.44%.

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.