108,143 Shares in CMS Energy Co. (NYSE:CMS) Purchased by Wexford Capital LP

Wexford Capital LP bought a new position in CMS Energy Co. (NYSE:CMS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 108,143 shares of the utilities provider's stock, valued at approximately $7,208,000. CMS Energy makes up 1.2% of Wexford Capital LP's portfolio, making the stock its 10th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in CMS. Vanguard Group Inc. boosted its stake in shares of CMS Energy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider's stock worth $2,544,370,000 after buying an additional 316,011 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in CMS Energy by 32.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock worth $950,227,000 after purchasing an additional 3,486,074 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position 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 worth $649,264,000 after purchasing an additional 2,131,269 shares during the last quarter. Geode Capital Management LLC grew its stake in CMS Energy by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider's stock valued at $505,869,000 after purchasing an additional 98,910 shares during the period. Finally, Northern Trust Corp increased its position in shares of CMS Energy by 11.6% during the 4th quarter. Northern Trust Corp now owns 2,986,489 shares of the utilities provider's stock valued at $199,049,000 after purchasing an additional 311,489 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

Shares of CMS traded down $1.46 during midday trading on Thursday, reaching $69.30. The stock had a trading volume of 2,191,018 shares, compared to its average volume of 2,310,952. The company's 50-day moving average is $72.61 and its 200 day moving average is $69.87. CMS Energy Co. has a 12-month low of $58.50 and a 12-month high of $76.45. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $20.73 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42.

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

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's dividend payout ratio (DPR) is presently 64.39%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMS. Bank of America raised their target price on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Wells Fargo & Company lifted their price objective on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. UBS Group upped their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, March 21st. BMO Capital Markets lifted their price target on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Finally, Morgan Stanley decreased their price objective on CMS Energy from $74.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Thursday. One 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $77.00.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the sale, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. The trade was a 2.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by company insiders.

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.