Russell Investments Group Ltd. Raises Holdings in CMS Energy Co. (NYSE:CMS)

Russell Investments Group Ltd. boosted its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 15.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 357,536 shares of the utilities provider's stock after buying an additional 48,265 shares during the period. Russell Investments Group Ltd. owned 0.12% of CMS Energy worth $20,761,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. increased its holdings in shares of CMS Energy by 68.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider's stock worth $3,721,000 after acquiring an additional 26,034 shares during the period. Illinois Municipal Retirement Fund increased its stake in shares of CMS Energy by 3.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 203,564 shares of the utilities provider's stock valued at $11,821,000 after purchasing an additional 7,188 shares during the period. Epoch Investment Partners Inc. raised its holdings in shares of CMS Energy by 49.9% during the third quarter. Epoch Investment Partners Inc. now owns 302,221 shares of the utilities provider's stock valued at $16,051,000 after buying an additional 100,618 shares during the last quarter. New England Asset Management Inc. grew its holdings in CMS Energy by 38.8% in the 3rd quarter. New England Asset Management Inc. now owns 132,950 shares of the utilities provider's stock worth $7,061,000 after buying an additional 37,147 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in CMS Energy in the 4th quarter valued at approximately $4,390,000. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Trading Up 0.5 %

Shares of CMS stock traded up $0.29 during trading hours on Friday, reaching $61.56. 1,543,319 shares of the stock traded hands, compared to its average volume of 2,537,599. CMS Energy Co. has a 1-year low of $49.87 and a 1-year high of $63.76. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $18.38 billion, a PE ratio of 18.77, a PEG ratio of 2.48 and a beta of 0.37. The business has a fifty day moving average price of $59.03 and a 200 day moving average price of $57.62.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.05. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. CMS Energy's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share. On average, equities research analysts forecast that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.35%. The ex-dividend date is Tuesday, May 14th. CMS Energy's dividend payout ratio is 62.80%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wolfe Research upgraded shares of CMS Energy from a "peer perform" rating to an "outperform" rating and set a $62.00 price objective on the stock in a research note on Tuesday, January 16th. Guggenheim upgraded CMS Energy from a "neutral" rating to a "buy" rating and upped their target price for the stock from $60.00 to $64.00 in a research report on Friday, February 2nd. Scotiabank lowered their price target on CMS Energy from $67.00 to $66.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 22nd. BMO Capital Markets upped their price objective on CMS Energy from $67.00 to $68.00 and gave the company an "outperform" rating in a report on Friday, April 26th. Finally, Royal Bank of Canada lowered their target price on CMS Energy from $65.00 to $63.00 and set an "outperform" rating on the stock in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, CMS Energy currently has a consensus rating of "Moderate Buy" and an average target price of $63.50.

Insiders Place Their Bets

In other news, SVP Brian F. Rich sold 2,000 shares of CMS Energy stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the transaction, the senior vice president now owns 97,682 shares of the company's stock, valued at $5,968,370.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Brian F. Rich sold 2,000 shares of the firm's stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the sale, the senior vice president now owns 97,682 shares in the company, valued at $5,968,370.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 3,500 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the transaction, the senior vice president now owns 68,971 shares of the company's stock, valued at $3,985,144.38. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

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.