CMS Energy Corporation (NYSE:CMS) Shares Purchased by Tredje AP fonden

Key Points

• Tredje AP fonden increased its stake in CMS Energy Corporation by 288.2% during the first quarter, acquiring an additional 65,515 shares, bringing its total holdings to 88,251 shares worth approximately $6.63 million.
• Several hedge funds made significant changes to their positions in CMS Energy, with New Age Alpha Advisors LLC increasing its stake by 1,344.6% and acquiring 3,348 shares in the fourth quarter.
• Analysts have set various price targets for CMS Energy shares, with Jefferies Financial Group increasing its price objective from $77 to $83, while the average consensus price target stands at $77.25.

Tredje AP fonden lifted its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 288.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 88,251 shares of the utilities provider's stock after purchasing an additional 65,515 shares during the period. Tredje AP fonden's holdings in CMS Energy were worth $6,629,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of CMS Energy by 32.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock worth $950,227,000 after acquiring an additional 3,486,074 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in CMS Energy by 28.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock valued at $649,264,000 after purchasing an additional 2,131,269 shares during the last quarter. Zimmer Partners LP acquired a new stake in CMS Energy in the fourth quarter worth about $89,173,000. GAMMA Investing LLC boosted its holdings in CMS Energy by 8,733.7% in the first quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider's stock worth $76,110,000 after acquiring an additional 1,001,838 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in CMS Energy in the first quarter valued at approximately $41,611,000. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CMS shares. BMO Capital Markets boosted their price target on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Wells Fargo & Company boosted their price target on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Evercore ISI boosted their price target on CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a report on Monday, April 28th. Finally, Wall Street Zen downgraded CMS Energy from a "hold" rating to a "sell" rating in a 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 stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $77.25.

CMS Energy Price Performance

Shares of CMS traded up $0.30 during trading hours on Friday, hitting $74.10. 2,926,292 shares of the stock were exchanged, compared to its average volume of 2,007,880. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.84 and a current ratio of 1.54. The stock's 50-day moving average price is $70.47 and its two-hundred day moving average price is $70.93. The company has a market cap of $22.17 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 2.74 and a beta of 0.38. CMS Energy Corporation has a 12-month low of $63.97 and a 12-month high of $76.45.

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

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.5425 per share. The ex-dividend date is Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.9%. CMS Energy's dividend payout ratio is currently 64.20%.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total transaction of $161,794.78. Following the completion of the transaction, the senior vice president directly owned 69,571 shares in the company, valued at approximately $5,121,121.31. This represents a 3.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate 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.