17,943 Shares in CMS Energy Co. (NYSE:CMS) Acquired by Woodline Partners LP

Woodline Partners LP purchased a new position in CMS Energy Co. (NYSE:CMS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 17,943 shares of the utilities provider's stock, valued at approximately $1,196,000.

Several other large investors also recently bought and sold shares of the company. Mather Group LLC. grew its holdings in CMS Energy by 5.8% during the 4th quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider's stock valued at $266,000 after purchasing an additional 220 shares in the last quarter. Signaturefd LLC grew its stake in shares of CMS Energy by 4.9% during the fourth quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider's stock valued at $317,000 after acquiring an additional 220 shares in the last quarter. Stephens Consulting LLC boosted its holdings in CMS Energy by 5.5% in the fourth quarter. Stephens Consulting LLC now owns 4,327 shares of the utilities provider's stock valued at $288,000 after purchasing an additional 225 shares during the last quarter. Optiver Holding B.V. increased its holdings in CMS Energy by 39.2% during the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after purchasing an additional 229 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its position 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 in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMS. UBS Group lifted their price target on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Scotiabank reaffirmed an "outperform" rating and issued a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a report on Friday, April 25th. BMO Capital Markets lifted their target price on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Jefferies Financial Group increased their price target on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Finally, Guggenheim reissued a "neutral" rating and issued a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $77.00.

CMS Energy Price Performance

Shares of CMS stock traded up $0.76 during mid-day trading on Thursday, hitting $69.52. 1,770,763 shares of the stock traded hands, compared to its average volume of 2,304,897. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45. 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 company's 50-day simple moving average is $72.20 and its 200-day simple moving average is $69.92. The firm has a market cap of $20.79 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS - Get Free Report) last issued 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). The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. CMS Energy's revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 earnings per share. As a group, equities research analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be given a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's dividend payout ratio (DPR) is presently 64.39%.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's 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 sale, the senior vice president now owns 71,931 shares of the company's stock, valued at $5,306,349.87. The trade was a 2.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is owned by insiders.

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.