Penserra Capital Management LLC Grows Position in CMS Energy Corporation (NYSE:CMS)

Penserra Capital Management LLC lifted its position in CMS Energy Corporation (NYSE:CMS - Free Report) by 1,578.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,091 shares of the utilities provider's stock after purchasing an additional 12,311 shares during the quarter. Penserra Capital Management LLC's holdings in CMS Energy were worth $982,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Spire Wealth Management raised its position in CMS Energy by 6.4% during the 1st quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider's stock valued at $191,000 after purchasing an additional 154 shares during the last quarter. Private Trust Co. NA raised its position in shares of CMS Energy by 14.4% in the 1st quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider's stock worth $110,000 after acquiring an additional 185 shares in the last quarter. Signaturefd LLC raised its position in shares of CMS Energy by 4.9% in the 4th quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider's stock worth $317,000 after acquiring an additional 220 shares in the last quarter. Optiver Holding B.V. raised its position 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 acquiring an additional 229 shares in the last quarter. Finally, SageView Advisory Group LLC raised its position in shares of CMS Energy by 7.1% in the 4th quarter. SageView Advisory Group LLC now owns 3,762 shares of the utilities provider's stock worth $251,000 after acquiring an additional 249 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMS. Wall Street Zen raised CMS Energy from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Scotiabank reaffirmed an "outperform" rating and set a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Morgan Stanley set a $71.00 price objective on CMS Energy and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Jefferies Financial Group raised their price objective on CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a research report on Monday. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.00.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total value of $161,794.78. Following the transaction, the senior vice president directly owned 69,571 shares in the company, valued at $5,121,121.31. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by company insiders.

CMS Energy Stock Down 0.3%

Shares of CMS Energy stock traded down $0.18 on Friday, reaching $70.36. The company's stock had a trading volume of 1,760,228 shares, compared to its average volume of 2,331,125. The company has a market capitalization of $21.05 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 2.51 and a beta of 0.38. The firm's fifty day simple moving average is $70.20 and its two-hundred day simple moving average is $70.31. CMS Energy Corporation has a 52 week low of $60.03 and a 52 week high of $76.45. The company has a quick ratio of 0.84, a current ratio of 1.06 and a debt-to-equity ratio of 1.87.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS 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 the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. The firm's revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 EPS. Equities analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were paid a $0.5425 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.08%. CMS Energy's dividend payout ratio (DPR) is currently 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.