Vaughan Nelson Investment Management L.P. cut its stake in shares of CMS Energy Co. (NYSE:CMS) by 6.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 911,090 shares of the utilities provider’s stock after selling 67,900 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in CMS Energy were worth $45,236,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Reilly Financial Advisors LLC purchased a new stake in shares of CMS Energy in the 4th quarter worth about $25,000. Clean Yield Group purchased a new stake in shares of CMS Energy in the 4th quarter worth about $27,000. Advisors Preferred LLC purchased a new stake in shares of CMS Energy in the 4th quarter worth about $31,000. Quantamental Technologies LLC purchased a new stake in shares of CMS Energy in the 4th quarter worth about $55,000. Finally, Cerebellum GP LLC purchased a new stake in shares of CMS Energy in the 4th quarter worth about $57,000. 92.90% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently commented on the stock. SunTrust Banks reiterated a “hold” rating and issued a $50.00 price objective on shares of CMS Energy in a research report on Wednesday, November 7th. Zacks Investment Research upgraded shares of CMS Energy from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Monday, January 14th. Barclays upped their target price on shares of CMS Energy from $51.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, November 19th. Citigroup upped their target price on shares of CMS Energy from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, December 19th. Finally, Bank of America lowered shares of CMS Energy from a “buy” rating to a “neutral” rating and reduced their target price for the company from $53.00 to $52.00 in a report on Friday, October 12th. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $52.58.
NYSE:CMS traded down $0.24 on Thursday, reaching $51.20. The stock had a trading volume of 324,981 shares, compared to its average volume of 2,205,573. The firm has a market cap of $14.45 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 3.29 and a beta of 0.13. CMS Energy Co. has a 12-month low of $40.48 and a 12-month high of $53.82. The company has a current ratio of 0.69, a quick ratio of 0.47 and a debt-to-equity ratio of 1.87.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Friday, February 1st will be issued a dividend of $0.3825 per share. This is a positive change from CMS Energy’s previous quarterly dividend of $0.36. This represents a $1.53 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, January 31st. CMS Energy’s dividend payout ratio is presently 65.90%.
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CMS Energy Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.
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