Two Sigma Advisers LP Makes New Investment in CMS Energy Co. (NYSE:CMS)

Two Sigma Advisers LP bought a new position in CMS Energy Co. (NYSE:CMS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,500 shares of the utilities provider's stock, valued at approximately $500,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in CMS Energy by 32.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock valued at $950,227,000 after purchasing an additional 3,486,074 shares during the last quarter. Norges Bank acquired a new position in shares of CMS Energy in the fourth quarter worth $171,798,000. Massachusetts Financial Services Co. MA grew its stake in shares of 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 worth $649,264,000 after acquiring an additional 2,131,269 shares in the last quarter. Fisher Funds Management LTD acquired a new position in shares of CMS Energy in the fourth quarter worth $53,904,000. Finally, Prudential Financial Inc. grew its stake in shares of CMS Energy by 207.9% in the fourth quarter. Prudential Financial Inc. now owns 1,115,524 shares of the utilities provider's stock worth $74,350,000 after acquiring an additional 753,182 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CMS. Evercore ISI boosted their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research note on Monday, April 28th. BMO Capital Markets boosted their price target on shares of CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Scotiabank restated an "outperform" rating and issued a $81.00 price target (up previously from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. UBS Group boosted their price target on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, Morgan Stanley set a $71.00 price objective on shares of CMS Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $77.00.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the firm'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 approximately $5,121,121.31. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is currently owned by insiders.

CMS Energy Stock Performance

NYSE CMS traded up $0.61 during trading hours on Friday, hitting $69.95. 4,439,434 shares of the stock were exchanged, compared to its average volume of 2,344,833. The company has a market cap of $20.92 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 2.56 and a beta of 0.39. CMS Energy Co. has a 12-month low of $58.50 and a 12-month high of $76.45. The stock has a 50-day moving average of $71.67 and a 200 day moving average of $70.03. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80.

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

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 9th were paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Friday, May 9th. CMS Energy's dividend payout ratio is currently 64.39%.

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.