CMS Energy Co. (NYSE:CMS) shares reached a new 52-week low on Tuesday . The company traded as low as $41.40 and last traded at $41.70, with a volume of 2940726 shares changing hands. The stock had previously closed at $42.73.

CMS has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Bank of America initiated coverage on shares of CMS Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $52.00 price target on the stock. SunTrust Banks reissued a “hold” rating and set a $46.00 price target on shares of CMS Energy in a research report on Tuesday, December 26th. Wells Fargo & Co raised shares of CMS Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, December 18th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $52.00 price target on shares of CMS Energy in a research report on Wednesday, December 13th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. CMS Energy has a consensus rating of “Buy” and an average price target of $49.14.

The firm has a market cap of $12,261.91, a PE ratio of 21.58, a P/E/G ratio of 2.91 and a beta of 0.09. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 1.99.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be given a $0.3575 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.33. This represents a $1.43 annualized dividend and a yield of 3.40%. CMS Energy’s payout ratio is currently 68.91%.

In other CMS Energy news, insider David G. Mengebier sold 2,500 shares of CMS Energy stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $49.48, for a total value of $123,700.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.65% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CMS. Dimensional Fund Advisors LP raised its position in shares of CMS Energy by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 669,076 shares of the utilities provider’s stock valued at $30,945,000 after purchasing an additional 14,228 shares during the period. OxFORD Asset Management LLP raised its position in shares of CMS Energy by 24.9% in the second quarter. OxFORD Asset Management LLP now owns 9,355 shares of the utilities provider’s stock valued at $433,000 after purchasing an additional 1,866 shares during the period. Stifel Financial Corp raised its position in shares of CMS Energy by 1.3% in the second quarter. Stifel Financial Corp now owns 60,425 shares of the utilities provider’s stock valued at $2,798,000 after purchasing an additional 760 shares during the period. HighTower Advisors LLC raised its position in shares of CMS Energy by 207.2% in the second quarter. HighTower Advisors LLC now owns 37,423 shares of the utilities provider’s stock valued at $1,731,000 after purchasing an additional 25,241 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of CMS Energy by 3,063.0% in the second quarter. Janus Henderson Group PLC now owns 1,302,969 shares of the utilities provider’s stock valued at $60,263,000 after purchasing an additional 1,261,775 shares during the period. 87.22% of the stock is currently owned by institutional investors.

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CMS Energy Company Profile

CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.

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