Rhumbline Advisers Increases Holdings in CMS Energy Co. (NYSE:CMS)

Rhumbline Advisers grew its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 7.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 680,682 shares of the utilities provider's stock after acquiring an additional 46,487 shares during the period. Rhumbline Advisers owned about 0.23% of CMS Energy worth $51,126,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BankPlus Trust Department acquired a new stake in CMS Energy in the 4th quarter valued at about $29,000. Larson Financial Group LLC grew its stake in CMS Energy by 2,900.0% in the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after acquiring an additional 696 shares during the last quarter. Optiver Holding B.V. grew its stake in CMS Energy by 39.2% in the 4th 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 last quarter. Mizuho Bank Ltd. acquired a new position in shares of CMS Energy during the 4th quarter worth approximately $61,000. Finally, Robbins Farley acquired a new position in shares of CMS Energy during the 4th quarter worth approximately $62,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the business's stock in a transaction 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 directly owns 69,571 shares of the company's stock, 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 at this link. Corporate insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CMS shares. Barclays upgraded 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 report on Thursday, February 20th. Morgan Stanley set a $71.00 price objective on CMS Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. BMO Capital Markets lifted their price objective on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Guggenheim restated a "neutral" rating and set a $69.00 price objective on shares of CMS Energy in a research report on Friday, February 7th. Finally, Jefferies Financial Group lifted their price objective on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, CMS Energy currently has a consensus rating of "Hold" and a consensus price target of $77.00.

CMS Energy Trading Down 0.7%

CMS traded down $0.49 during trading on Thursday, hitting $69.23. The company's stock had a trading volume of 2,387,021 shares, compared to its average volume of 2,324,266. The firm's 50 day moving average price is $71.90 and its 200-day moving average price is $70.00. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The stock has a market cap of $20.71 billion, a PE ratio of 20.85, a PEG 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.

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 the consensus estimate of $1.05 by ($0.03). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The company's revenue was up 12.5% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were paid a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.17 annualized dividend and a dividend yield of 3.13%. CMS Energy's dividend payout ratio is presently 64.39%.

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.