28,870 Shares in CMS Energy Co. (NYSE:CMS) Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL purchased a new stake in CMS Energy Co. (NYSE:CMS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 28,870 shares of the utilities provider's stock, valued at approximately $1,924,000.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of CMS Energy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider's stock valued at $2,544,370,000 after buying an additional 316,011 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of CMS Energy by 32.4% in the fourth 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 last quarter. Massachusetts Financial Services Co. MA grew its position in shares of CMS Energy by 28.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock valued at $649,264,000 after purchasing an additional 2,131,269 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of CMS Energy by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider's stock worth $505,869,000 after acquiring an additional 98,910 shares during the period. Finally, Norges Bank purchased a new stake in shares of CMS Energy in the fourth quarter valued at about $171,798,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Stock Performance

NYSE CMS traded up $0.17 during trading hours on Friday, hitting $72.23. 1,908,803 shares of the stock were exchanged, compared to its average volume of 2,288,049. The stock has a 50-day moving average of $72.89 and a 200 day moving average of $69.85. CMS Energy Co. has a 12-month low of $58.50 and a 12-month high of $76.45. The company has a market cap of $21.61 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.32 billion. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The business's revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 earnings per share. As a group, equities research analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's dividend payout ratio is currently 64.39%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Bank of America raised their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Guggenheim reissued a "neutral" rating and set a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Finally, Wells Fargo & Company raised their price objective on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $77.25.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the transaction, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the transaction, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,398 shares of company stock worth $951,327. 0.40% of the stock is currently 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.