CMS Energy Co. (NYSE:CMS) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,155,842 shares of the utilities provider's stock after acquiring an additional 18,403 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.72% of CMS Energy worth $152,267,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CMS. First Horizon Advisors Inc. lifted its position in shares of CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 275 shares during the period. Brooklyn Investment Group acquired a new position in CMS Energy in the 3rd quarter worth $40,000. TruNorth Capital Management LLC raised its stake in shares of CMS Energy by 431.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 578 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of CMS Energy in the 2nd quarter valued at about $43,000. Finally, Covestor Ltd lifted its holdings in CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider's stock worth $50,000 after acquiring an additional 472 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CMS Energy

In other news, CAO Scott B. Mcintosh sold 936 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the sale, the chief accounting officer now directly owns 24,417 shares of the company's stock, valued at $1,672,564.50. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the transaction, the senior vice president now directly owns 64,771 shares of the company's stock, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays raised their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 15th. Bank of America lifted their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. Mizuho downgraded shares of CMS Energy from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. StockNews.com cut shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Wells Fargo & Company increased their price target on shares of CMS Energy from $70.00 to $77.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.21.

CMS Energy Stock Down 1.1 %

CMS traded down $0.78 on Friday, hitting $69.71. The company had a trading volume of 1,354,050 shares, compared to its average volume of 2,342,751. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40. The stock has a market capitalization of $20.83 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 2.78 and a beta of 0.41. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. The stock has a fifty day moving average price of $69.74 and a 200-day moving average price of $65.76.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the company posted $0.61 EPS. The business's quarterly revenue was up 4.2% on a year-over-year basis. Analysts predict that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $0.515 per share. This is a positive change from CMS Energy's previous quarterly dividend of $0.51. The ex-dividend date was Wednesday, November 13th. This represents a $2.06 annualized dividend and a yield of 2.96%. CMS Energy's dividend payout ratio is presently 58.86%.

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.