CMS Energy Co. (NYSE:CMS) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 34.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,456,713 shares of the utilities provider's stock after purchasing an additional 883,180 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.18% of CMS Energy worth $200,731,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMS. Raymond James Financial Services Advisors Inc. grew its stake in shares of CMS Energy by 2.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 38,038 shares of the utilities provider's stock valued at $2,020,000 after purchasing an additional 1,028 shares during the period. Park Avenue Securities LLC bought a new position in shares of CMS Energy during the 3rd quarter worth $343,000. Panagora Asset Management Inc. lifted its stake in shares of CMS Energy by 3.9% during the 3rd quarter. Panagora Asset Management Inc. now owns 74,627 shares of the utilities provider's stock worth $3,963,000 after purchasing an additional 2,784 shares during the last quarter. Teacher Retirement System of Texas raised its stake in CMS Energy by 2.5% in the third quarter. Teacher Retirement System of Texas now owns 22,594 shares of the utilities provider's stock valued at $1,200,000 after buying an additional 545 shares during the last quarter. Finally, Alaska Permanent Fund Corp raised its stake in CMS Energy by 11.8% in the third quarter. Alaska Permanent Fund Corp now owns 2,801 shares of the utilities provider's stock valued at $149,000 after buying an additional 296 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

CMS Energy Stock Performance

CMS traded up $0.60 on Wednesday, hitting $62.99. 1,746,580 shares of the company traded hands, compared to its average volume of 2,485,954. The company has a 50 day moving average of $59.78 and a 200-day moving average of $58.15. CMS Energy Co. has a 12-month low of $49.87 and a 12-month high of $63.76. The stock has a market capitalization of $18.77 billion, a PE ratio of 19.20, a PEG ratio of 2.56 and a beta of 0.37. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82.

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

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Tuesday, May 14th. CMS Energy's dividend payout ratio is presently 62.80%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CMS shares. Guggenheim raised CMS Energy from a "neutral" rating to a "buy" rating and increased their price objective for the company from $60.00 to $64.00 in a report on Friday, February 2nd. Royal Bank of Canada reduced their price objective on CMS Energy from $65.00 to $63.00 and set an "outperform" rating on the stock in a research report on Monday, March 4th. UBS Group downgraded CMS Energy from a "buy" rating to a "neutral" rating and set a $65.00 target price on the stock. in a research report on Thursday, April 4th. Barclays lifted their price objective on CMS Energy from $57.00 to $59.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 30th. Finally, BMO Capital Markets lifted their price objective on CMS Energy from $68.00 to $71.00 and gave the company an "outperform" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $63.75.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brian F. Rich sold 2,000 shares of the business's stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total value of $122,200.00. Following the completion of the transaction, the senior vice president now directly owns 97,682 shares in the company, valued at approximately $5,968,370.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Brian F. Rich sold 2,000 shares of the business's stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the completion of the sale, the senior vice president now directly owns 97,682 shares of the company's stock, valued at approximately $5,968,370.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 3,500 shares of the business'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 sale, the senior vice president now directly owns 68,971 shares of the company's stock, valued at $3,985,144.38. The disclosure for this sale can be found here. Insiders own 0.53% 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.