CMS Energy Co. (NYSE:CMS) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in shares of CMS Energy Co. (NYSE:CMS) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 499,985 shares of the utilities provider’s stock after purchasing an additional 2,578 shares during the quarter. Victory Capital Management Inc.’s holdings in CMS Energy were worth $29,034,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of CMS Energy by 68.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider’s stock worth $3,721,000 after buying an additional 26,034 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of CMS Energy by 3.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 203,564 shares of the utilities provider’s stock valued at $11,821,000 after purchasing an additional 7,188 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in shares of CMS Energy by 49.9% during the 3rd quarter. Epoch Investment Partners Inc. now owns 302,221 shares of the utilities provider’s stock worth $16,051,000 after purchasing an additional 100,618 shares in the last quarter. New England Asset Management Inc. increased its stake in shares of CMS Energy by 38.8% during the 3rd quarter. New England Asset Management Inc. now owns 132,950 shares of the utilities provider’s stock worth $7,061,000 after purchasing an additional 37,147 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of CMS Energy during the 4th quarter worth approximately $4,390,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Up 1.0 %

Shares of CMS opened at $62.22 on Wednesday. The firm has a market cap of $18.55 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 2.51 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. The company’s fifty day moving average is $59.31 and its two-hundred day moving average is $57.84. CMS Energy Co. has a fifty-two week low of $49.87 and a fifty-two week high of $63.76.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 earnings per share. Analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a $0.515 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $2.06 annualized dividend and a yield of 3.31%. CMS Energy’s payout ratio is 62.80%.

Analyst Ratings Changes

Several equities analysts have weighed in on CMS shares. BMO Capital Markets raised their price target on CMS Energy from $67.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Wolfe Research upgraded CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a research report on Tuesday, January 16th. Royal Bank of Canada reduced their target price on shares of CMS Energy from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Monday, March 4th. Scotiabank cut their price objective on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Finally, Barclays upped their price objective on shares of CMS Energy from $57.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $63.50.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 3,500 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following the transaction, the senior vice president now owns 68,971 shares of the company’s stock, valued at approximately $3,985,144.38. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 transaction, the senior vice president now directly owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Brandon J. Hofmeister sold 3,500 shares of the firm’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. 0.53% of the stock is owned by insiders.

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.