Entropy Technologies LP Takes Position in CMS Energy Corporation (NYSE:CMS)

Key Points

• Entropy Technologies LP has bought a new stake in CMS Energy Corporation, acquiring 7,369 shares valued at approximately $553,000 in the first quarter.
• CMS Energy reported a 14.4% increase in revenue year-over-year for the last quarter, achieving $1.84 billion and surpassing analysts' expectations.
• A quarterly dividend of $0.5425 will be paid to investors on August 29th, representing an annual yield of 3.0% and a payout ratio of 64.20%.

Entropy Technologies LP purchased a new stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,369 shares of the utilities provider's stock, valued at approximately $553,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Optiver Holding B.V. raised its stake in shares of CMS Energy by 39.2% in the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after acquiring an additional 229 shares during the period. Bernard Wealth Management Corp. purchased a new stake in shares of CMS Energy in the first quarter valued at $72,000. NBC Securities Inc. purchased a new stake in shares of CMS Energy in the first quarter valued at $75,000. Grove Bank & Trust raised its stake in shares of CMS Energy by 167.3% in the first quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider's stock valued at $81,000 after acquiring an additional 671 shares during the period. Finally, TD Private Client Wealth LLC purchased a new stake in shares of CMS Energy in the first quarter valued at $82,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Friday, August 8th. The shares were sold at an average price of $73.62, for a total transaction of $147,240.00. Following the sale, the senior vice president owned 68,036 shares of the company's stock, valued at $5,008,810.32. The trade was a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.40% of the company's stock.

CMS Energy Price Performance

CMS Energy stock traded down $0.34 during trading on Friday, reaching $72.25. The company had a trading volume of 2,491,515 shares, compared to its average volume of 2,486,749. The firm's 50-day simple moving average is $71.21 and its 200 day simple moving average is $71.38. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45. The firm has a market capitalization of $21.63 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 2.73 and a beta of 0.36. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The firm had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter last year, the company earned $0.66 EPS. The firm's revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities research analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be paid a $0.5425 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a yield of 3.0%. CMS Energy's dividend payout ratio (DPR) is currently 64.20%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Jefferies Financial Group upped their price target on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Wells Fargo & Company increased their target price on shares of CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Evercore ISI increased their price target on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research report on Monday, April 28th. Morgan Stanley set a $71.00 price target on shares of CMS Energy and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, CMS Energy presently has a consensus rating of "Hold" and a consensus target price 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.