Adage Capital Partners GP L.L.C. Increases Stock Position in CMS Energy Co. (NYSE:CMS)

Adage Capital Partners GP L.L.C. increased its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 4,154.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 279,161 shares of the utilities provider's stock after purchasing an additional 272,600 shares during the period. Adage Capital Partners GP L.L.C. owned 0.09% of CMS Energy worth $18,606,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BankPlus Trust Department acquired a new stake in shares of CMS Energy during the fourth quarter worth about $29,000. Richardson Financial Services Inc. grew its stake in shares of CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 235 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of CMS Energy by 2,900.0% in the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 696 shares during the period. Mizuho Bank Ltd. acquired a new position in shares of CMS Energy in the fourth quarter valued at approximately $61,000. Finally, Robbins Farley purchased a new stake in shares of CMS Energy during the fourth quarter worth approximately $62,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CMS Energy

In related news, Director Laura Wright sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the sale, the director now owns 38,790 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the 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 directly owns 71,931 shares in the company, valued at approximately $5,306,349.87. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,200 shares of company stock valued at $789,532. 0.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on CMS. Morgan Stanley set a $74.00 price objective on shares of CMS Energy and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Bank of America increased 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. StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a report on Monday. Evercore ISI increased their target price on CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research note on Monday. Finally, Jefferies Financial Group lifted their price target on CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $77.25.

CMS Energy Price Performance

CMS stock traded down $0.67 during midday trading on Thursday, hitting $72.98. 2,642,397 shares of the stock were exchanged, compared to its average volume of 2,609,412. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The stock has a market cap of $21.83 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 2.56 and a beta of 0.34. CMS Energy Co. has a fifty-two week low of $58.50 and a fifty-two week high of $76.45. The stock's 50-day moving average price is $72.88 and its 200-day moving average price is $69.75.

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

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors 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 dividend yield of 2.97%. CMS Energy's dividend payout ratio is currently 64.39%.

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.