D. E. Shaw & Co. Inc. Sells 122,577 Shares of CMS Energy Co. (NYSE:CMS)

D. E. Shaw & Co. Inc. cut its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 34.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 229,663 shares of the utilities provider's stock after selling 122,577 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.08% of CMS Energy worth $15,307,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. BankPlus Trust Department bought a new stake in shares of CMS Energy in the 4th quarter worth about $29,000. Richardson Financial Services Inc. grew its position 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 acquiring an additional 235 shares in the last quarter. Larson Financial Group LLC grew its position in CMS Energy by 2,900.0% in the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after acquiring an additional 696 shares in the last quarter. Optiver Holding B.V. increased its stake in CMS Energy by 39.2% during the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after acquiring an additional 229 shares during the last quarter. Finally, Mizuho Bank Ltd. purchased a new stake in CMS Energy during the fourth quarter valued at approximately $61,000. Institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CMS. Jefferies Financial Group lifted their target price on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Morgan Stanley set a $74.00 target price on shares of CMS Energy and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. BMO Capital Markets lifted their price target on shares of CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Finally, Scotiabank reiterated an "outperform" rating and set a $81.00 price target (up from $77.00) on shares of CMS Energy in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, CMS Energy currently has an average rating of "Moderate Buy" and an average target price of $77.25.

Insiders Place Their Bets

In related news, Director Laura Wright sold 2,500 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the sale, the director now directly owns 38,790 shares in the company, valued at $2,709,093.60. This represents a 6.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction dated Thursday, February 13th. The shares were 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 $1,509,815.68. This trade represents a 23.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,398 shares of company stock worth $951,327 in the last three months. Corporate insiders own 0.40% of the company's stock.

CMS Energy Stock Performance

CMS Energy stock opened at $70.07 on Tuesday. The company has a 50 day moving average price of $72.83 and a 200-day moving average price of $69.82. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. CMS Energy Co. has a fifty-two week low of $58.50 and a fifty-two week high of $76.45. The company has a market capitalization of $20.96 billion, a PE ratio of 21.11, a P/E/G ratio of 2.56 and a beta of 0.42.

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). The firm had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. As a group, equities analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's dividend payout ratio (DPR) is presently 64.39%.

About CMS Energy

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.

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