Vestmark Advisory Solutions Inc. Takes $432,000 Position in CMS Energy Corporation $CMS

Vestmark Advisory Solutions Inc. acquired a new stake in shares of CMS Energy Corporation (NYSE:CMS) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 5,746 shares of the utilities provider’s stock, valued at approximately $432,000.

Several other institutional investors also recently made changes to their positions in CMS. Price T Rowe Associates Inc. MD grew its stake in shares of CMS Energy by 32.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider’s stock valued at $950,227,000 after buying an additional 3,486,074 shares during the period. Nuveen LLC acquired a new position in shares of CMS Energy during the 1st quarter valued at $106,745,000. Zimmer Partners LP acquired a new position in shares of CMS Energy during the 4th quarter valued at $89,173,000. GAMMA Investing LLC lifted its holdings in shares of CMS Energy by 8,733.7% during the 1st quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider’s stock valued at $76,110,000 after acquiring an additional 1,001,838 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of CMS Energy by 72.9% during the 1st quarter. Lord Abbett & CO. LLC now owns 2,302,338 shares of the utilities provider’s stock valued at $172,929,000 after acquiring an additional 970,510 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Stock Performance

Shares of CMS stock opened at $72.25 on Monday. The firm has a market capitalization of $21.63 billion, a P/E ratio of 21.38, a P/E/G ratio of 2.69 and a beta of 0.36. The company’s fifty day moving average price is $71.21 and its two-hundred day moving average price is $71.46. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. CMS Energy Corporation has a 12 month low of $63.97 and a 12 month high of $76.45.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 EPS. On average, research analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 8th will be paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, August 8th. CMS Energy’s dividend payout ratio is 64.20%.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $73.62, for a total value of $147,240.00. Following the sale, the senior vice president owned 68,036 shares in the company, valued at approximately $5,008,810.32. This represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Evercore ISI lifted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an “in-line” rating in a report on Monday, April 28th. Wolfe Research restated a “peer perform” rating on shares of CMS Energy in a report on Monday, July 7th. Jefferies Financial Group lifted their target price on shares of CMS Energy from $77.00 to $83.00 and gave the company a “buy” rating in a report on Monday, April 21st. Scotiabank restated an “outperform” rating and set a $81.00 target price (up previously from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Finally, Wells Fargo & Company lifted their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $77.25.

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.