CMS Energy Co. (NYSE:CMS) Shares Bought by Beck Bode LLC

Beck Bode LLC increased its position in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 248,803 shares of the utilities provider's stock after purchasing an additional 21,781 shares during the period. CMS Energy makes up 3.0% of Beck Bode LLC's portfolio, making the stock its 6th largest holding. Beck Bode LLC owned about 0.08% of CMS Energy worth $16,583,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. BankPlus Trust Department bought a new stake in CMS Energy during the 4th quarter valued at about $29,000. Richardson Financial Services Inc. grew its stake in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after purchasing an additional 235 shares in the last quarter. Larson Financial Group LLC increased its holdings in CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after purchasing an additional 696 shares during the period. Optiver Holding B.V. lifted its holdings in shares of CMS Energy by 39.2% in the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after buying an additional 229 shares during the period. Finally, Mizuho Bank Ltd. bought a new position in shares of CMS Energy during the 4th quarter worth $61,000. 93.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,643 shares of the company's stock, valued at $1,509,815.68. This represents a 23.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Brandon J. Hofmeister sold 2,198 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total transaction of $161,794.78. Following the completion of the transaction, the senior vice president now directly owns 69,571 shares in the company, valued at $5,121,121.31. This represents a 3.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,398 shares of company stock valued at $951,327 over the last ninety days. Company insiders own 0.40% of the company's stock.

CMS Energy Stock Performance

Shares of NYSE CMS traded up $0.05 during midday trading on Friday, reaching $72.11. The company had a trading volume of 1,359,846 shares, compared to its average volume of 2,582,256. CMS Energy Co. has a 1 year low of $58.50 and a 1 year high of $76.45. The business's 50-day simple moving average is $72.89 and its 200 day simple moving average is $69.85. 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 stock has a market cap of $21.57 billion, a P/E ratio of 21.72, a P/E/G ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $2.32 billion. During the same quarter last year, the business earned $0.97 EPS. The business's revenue was up 12.5% on a year-over-year basis. On average, analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The business 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. This represents a $2.17 annualized dividend and a yield of 3.01%. The ex-dividend date is Friday, May 9th. CMS Energy's dividend payout ratio is currently 64.39%.

Analyst Ratings Changes

Several analysts recently weighed in on CMS shares. Jefferies Financial Group lifted their price objective on CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a report on Monday, April 21st. Bank of America increased their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Evercore ISI boosted their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research note on Monday, April 28th. Scotiabank reaffirmed an "outperform" rating and set a $81.00 target price (up previously from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Finally, Wells Fargo & Company boosted their price target on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.25.

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.