Two Sigma Investments LP Invests $3.40 Million in CMS Energy Co. (NYSE:CMS)

Two Sigma Investments LP purchased a new stake in CMS Energy Co. (NYSE:CMS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,075 shares of the utilities provider's stock, valued at approximately $3,404,000.

Several other large investors have also modified their holdings of CMS. BankPlus Trust Department acquired a new stake in CMS Energy during the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. boosted its position 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 boosted its holdings in shares of 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 purchasing an additional 696 shares during the last quarter. Optiver Holding B.V. boosted its holdings 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 valued at $54,000 after purchasing an additional 229 shares during the last quarter. Finally, Mizuho Bank Ltd. acquired a new position in shares of CMS Energy in the 4th quarter valued at $61,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Up 1.1%

CMS Energy stock traded up $0.80 during midday trading on Tuesday, hitting $71.02. 3,788,793 shares of the stock were exchanged, compared to its average volume of 2,313,206. CMS Energy Co. has a 1 year low of $58.50 and a 1 year high of $76.45. The firm has a market cap of $21.24 billion, a P/E ratio of 21.39, 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. The company has a 50 day moving average price of $71.99 and a two-hundred day moving average price of $70.00.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The business's quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the firm earned $0.97 EPS. On average, sell-side analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were given a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Friday, May 9th. CMS Energy's dividend payout ratio is presently 64.39%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CMS shares. Jefferies Financial Group lifted their price target on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a report on Monday, April 21st. Morgan Stanley set a $71.00 price target on shares of CMS Energy and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Wells Fargo & Company lifted their price target on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, BMO Capital Markets lifted their price target on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, CMS Energy has a consensus rating of "Hold" and a consensus target price of $77.00.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the business's stock in a transaction that occurred 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 now directly owns 69,571 shares in the company, valued at approximately $5,121,121.31. The trade was a 3.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.40% of the stock is currently owned by company insiders.

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.