CMS Energy Co. (NYSE:CMS) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 1.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 854,716 shares of the utilities provider's stock after buying an additional 15,918 shares during the period. Envestnet Asset Management Inc. owned approximately 0.29% of CMS Energy worth $56,967,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Pallas Capital Advisors LLC grew its position in CMS Energy by 4.0% in the fourth quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider's stock worth $297,000 after acquiring an additional 173 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of CMS Energy by 5.8% in the 4th quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider's stock worth $266,000 after purchasing an additional 220 shares during the period. Signaturefd LLC increased its position in shares of CMS Energy by 4.9% during the 4th quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider's stock valued at $317,000 after purchasing an additional 220 shares during the last quarter. Stephens Consulting LLC raised its holdings in CMS Energy by 5.5% during the 4th quarter. Stephens Consulting LLC now owns 4,327 shares of the utilities provider's stock valued at $288,000 after buying an additional 225 shares during the period. Finally, Richardson Financial Services Inc. raised its holdings in CMS Energy by 106.8% during the 4th 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 period. 93.57% of the stock is currently owned by institutional investors.

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CMS Energy Stock Down 0.3 %

Shares of CMS stock traded down $0.24 during mid-day trading on Tuesday, hitting $73.29. The stock had a trading volume of 707,120 shares, compared to its average volume of 2,265,460. The firm has a market capitalization of $21.90 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. CMS Energy Co. has a 12-month low of $56.61 and a 12-month high of $76.45. The firm's 50-day moving average is $72.04 and its two-hundred day moving average is $69.51.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. On average, analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 2.96%. CMS Energy's dividend payout ratio (DPR) is 65.36%.

Insiders Place Their Bets

In other news, Director Laura Wright sold 2,500 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the sale, the director now directly owns 38,790 shares in the company, valued at approximately $2,709,093.60. This trade represents a 6.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the transaction, the senior vice president now owns 71,931 shares of the company's stock, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,200 shares of company stock worth $789,532 over the last 90 days. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMS. Bank of America boosted their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Guggenheim reissued a "neutral" rating and issued a $69.00 price objective on shares of CMS Energy in a research report on Friday, February 7th. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. BMO Capital Markets reduced their price target on CMS Energy from $80.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday. Finally, StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a research note on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $75.09.

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.