Tudor Investment Corp ET AL Acquires Shares of 28,870 CMS Energy Co. (NYSE:CMS)

Tudor Investment Corp ET AL acquired a new position in shares of CMS Energy Co. (NYSE:CMS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 28,870 shares of the utilities provider's stock, valued at approximately $1,924,000.

A number of other large investors also recently added to or reduced their stakes in the business. World Investment Advisors LLC bought a new stake in shares of CMS Energy during the third quarter worth approximately $248,000. Wilmington Savings Fund Society FSB bought a new stake in shares of CMS Energy during the 3rd quarter valued at $589,000. Tidal Investments LLC lifted its stake in shares of CMS Energy by 17.6% in the 3rd quarter. Tidal Investments LLC now owns 19,780 shares of the utilities provider's stock valued at $1,397,000 after purchasing an additional 2,965 shares during the period. Principal Financial Group Inc. boosted its position in shares of CMS Energy by 7.6% in the 3rd quarter. Principal Financial Group Inc. now owns 408,331 shares of the utilities provider's stock worth $28,840,000 after purchasing an additional 28,695 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of CMS Energy by 6.9% during the fourth quarter. GAMMA Investing LLC now owns 11,471 shares of the utilities provider's stock worth $765,000 after purchasing an additional 738 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Bank of America increased their target price on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Wells Fargo & Company increased their price target on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $68.00 to $75.00 in a report on Thursday, February 20th. BMO Capital Markets increased their target price on shares of CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Finally, Morgan Stanley set a $74.00 price target on shares of CMS Energy and gave the company an "outperform" rating in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $77.25.

CMS Energy Stock Down 0.5 %

Shares of CMS Energy stock traded down $0.37 during trading on Friday, reaching $72.23. The stock had a trading volume of 2,475,812 shares, compared to its average volume of 2,291,312. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $21.61 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a 52 week low of $58.50 and a 52 week high of $76.45. The stock has a fifty day moving average price of $72.88 and a two-hundred day moving average price of $69.84.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the company earned $0.97 EPS. The company's revenue was up 12.5% compared to the same quarter last year. Sell-side analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be given a dividend of $0.5425 per share. The ex-dividend date is Friday, May 9th. This represents a $2.17 annualized dividend and a yield of 3.00%. CMS Energy's dividend payout ratio (DPR) is presently 64.39%.

Insider Transactions at CMS Energy

In other CMS Energy news, Director Laura Wright sold 2,500 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the sale, the director now owns 38,790 shares in the company, valued at $2,709,093.60. This trade represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the transaction, the senior vice president now owns 71,931 shares in the company, valued at $5,306,349.87. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,398 shares of company stock worth $951,327 in the last three months. Insiders own 0.40% of the company's stock.

CMS Energy 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.