Millennium Management LLC Has $21.39 Million Stake in CMS Energy Co. (NYSE:CMS)

Millennium Management LLC raised its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 165.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 320,877 shares of the utilities provider's stock after buying an additional 200,036 shares during the quarter. Millennium Management LLC owned 0.11% of CMS Energy worth $21,386,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smith Group Asset Management LLC bought a new stake in CMS Energy in the 4th quarter valued at $333,000. Commonwealth Equity Services LLC increased its holdings in CMS Energy by 0.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock valued at $5,103,000 after buying an additional 392 shares during the period. Caprock Group LLC bought a new stake in CMS Energy in the 4th quarter valued at $237,000. Proficio Capital Partners LLC bought a new stake in CMS Energy in the 4th quarter valued at $4,938,000. Finally, Envestnet Asset Management Inc. increased its holdings in CMS Energy by 1.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 854,716 shares of the utilities provider's stock valued at $56,967,000 after buying an additional 15,918 shares during the period. Institutional investors own 93.57% of the company's stock.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy stock in a transaction that occurred on 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 sale, the senior vice president now owns 69,571 shares in the company, valued at $5,121,121.31. The trade was a 3.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by corporate insiders.

CMS Energy Price Performance

CMS traded up $0.32 during midday trading on Monday, hitting $69.68. The company had a trading volume of 1,948,084 shares, compared to its average volume of 2,309,527. 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 has a market capitalization of $20.84 billion, a PE ratio of 20.99, a P/E/G ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45. The firm's 50-day simple moving average is $72.37 and its 200-day simple moving average is $69.93.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). The company 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%. The company's revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. Equities research analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be given a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.11%. The ex-dividend date is Friday, May 9th. CMS Energy's payout ratio is presently 64.39%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CMS shares. UBS Group boosted their target price on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Morgan Stanley set a $71.00 price objective on shares of CMS Energy and gave the stock an "equal weight" rating in a research note on Thursday. Wells Fargo & Company lifted their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, CMS Energy has an average rating of "Hold" and an average price target of $77.00.

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.