Tidal Investments LLC Grows Position in CMS Energy Co. (NYSE:CMS)

Tidal Investments LLC raised its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 491.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 116,953 shares of the utilities provider's stock after purchasing an additional 97,173 shares during the quarter. Tidal Investments LLC's holdings in CMS Energy were worth $7,795,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BankPlus Trust Department purchased a new stake in CMS Energy during the fourth quarter valued at about $29,000. Richardson Financial Services Inc. increased its stake in CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after acquiring an additional 235 shares during the last quarter. Larson Financial Group LLC increased its stake in CMS Energy by 2,900.0% during the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after acquiring an additional 696 shares during the last quarter. Optiver Holding B.V. increased its stake in CMS Energy by 39.2% during the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after acquiring an additional 229 shares during the last quarter. Finally, Mizuho Bank Ltd. acquired a new stake in CMS Energy during the fourth quarter worth about $61,000. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Price Performance

Shares of CMS stock opened at $71.93 on Tuesday. The firm has a market cap of $21.52 billion, a P/E ratio of 21.67, a P/E/G ratio of 2.56 and a beta of 0.42. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. CMS Energy Co. has a 1-year low of $58.50 and a 1-year high of $76.45. The firm has a fifty day moving average of $72.64 and a two-hundred day moving average of $69.85.

CMS Energy (NYSE:CMS - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. CMS Energy's revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 earnings per share. As a group, research analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

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 issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.02%. The ex-dividend date is Friday, May 9th. CMS Energy's dividend payout ratio is currently 64.39%.

Analysts Set New Price Targets

Several research analysts recently commented on CMS shares. Bank of America raised their price target on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a report on Monday, March 24th. StockNews.com lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Friday, May 9th. UBS Group lifted their price objective 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. Jefferies Financial Group upped their target price on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Finally, Scotiabank reaffirmed an "outperform" rating and set a $81.00 price target (up previously from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $77.25.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total value of $161,794.78. Following the completion of the transaction, the senior vice president now directly owns 69,571 shares of the company's stock, valued at approximately $5,121,121.31. The trade was a 3.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Laura Wright sold 2,500 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the transaction, the director now directly owns 38,790 shares of the company's stock, valued at $2,709,093.60. The trade was a 6.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,698 shares of company stock valued at $483,935. Company insiders own 0.40% of the company's stock.

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.

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