Price T Rowe Associates Inc. MD Boosts Stake in CMS Energy Co. (NYSE:CMS)

Price T Rowe Associates Inc. MD grew its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 32.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,256,949 shares of the utilities provider's stock after purchasing an additional 3,486,074 shares during the quarter. Price T Rowe Associates Inc. MD owned about 4.77% of CMS Energy worth $950,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CMS. BankPlus Trust Department acquired a new stake in shares of CMS Energy in the 4th quarter worth $29,000. Richardson Financial Services Inc. increased its position in CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after purchasing an additional 235 shares during the last quarter. Larson Financial Group LLC raised its stake in CMS Energy by 2,900.0% during the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after purchasing an additional 696 shares during the period. Mizuho Bank Ltd. purchased a new position in CMS Energy during the fourth quarter worth about $61,000. Finally, Robbins Farley acquired a new position in CMS Energy in the 4th quarter valued at about $62,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMS. BMO Capital Markets lowered their price objective on CMS Energy from $80.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Evercore ISI increased their price target on CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a report on Monday. UBS Group boosted their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, March 21st. StockNews.com lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Friday, April 18th. Finally, Scotiabank reissued an "outperform" rating on shares of CMS Energy in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $76.50.

CMS Energy Stock Up 0.5 %

CMS stock traded up $0.36 during midday trading on Monday, reaching $72.54. 2,644,521 shares of the company were exchanged, compared to its average volume of 2,283,658. The stock's 50-day simple moving average is $72.73 and its 200 day simple moving average is $69.67. CMS Energy Co. has a 1-year low of $58.50 and a 1-year high of $76.45. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The company has a market cap of $21.67 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34.

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 the consensus estimate of $1.05 by ($0.03). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The business's revenue was up 12.5% on a year-over-year basis. On average, equities analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Friday, May 9th. CMS Energy's payout ratio is currently 64.39%.

Insider Transactions at CMS Energy

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the sale, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Laura Wright sold 2,500 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $2,709,093.60. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,200 shares of company stock worth $789,532. 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.