Wolverine Trading LLC Lowers Holdings in CMS Energy Co. (NYSE:CMS)

Wolverine Trading LLC lowered its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 29,076 shares of the utilities provider's stock after selling 7,266 shares during the quarter. Wolverine Trading LLC's holdings in CMS Energy were worth $1,937,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Worldquant Millennium Advisors LLC boosted its stake in shares of CMS Energy by 71.8% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 52,009 shares of the utilities provider's stock valued at $3,466,000 after purchasing an additional 21,737 shares during the period. Woodline Partners LP purchased a new position in CMS Energy in the fourth quarter valued at about $1,196,000. Zimmer Partners LP purchased a new position in shares of CMS Energy in the 4th quarter worth approximately $89,173,000. iSAM Funds UK Ltd acquired a new position in shares of CMS Energy during the fourth quarter worth $950,000. Finally, Vident Advisory LLC increased its position in CMS Energy by 118.4% during the 4th quarter. Vident Advisory LLC now owns 16,657 shares of the utilities provider's stock valued at $1,110,000 after buying an additional 9,030 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

NYSE:CMS traded up $0.76 during trading hours on Thursday, reaching $69.52. 968,958 shares of the company were exchanged, compared to its average volume of 2,302,642. 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 firm has a market cap of $20.79 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45. The stock's 50-day moving average is $72.20 and its 200-day moving average is $69.92.

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 for the quarter, missing the consensus estimate of $1.05 by ($0.03). CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the company earned $0.97 EPS. The firm's revenue for the quarter was up 12.5% on a year-over-year basis. On average, sell-side analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Friday, May 9th. CMS Energy's dividend payout ratio (DPR) is 64.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group boosted their price target on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Guggenheim reiterated a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a research note on Friday, February 7th. Scotiabank reissued an "outperform" rating and issued a $81.00 price objective (up from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Morgan Stanley set a $71.00 target price on CMS Energy and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, CMS Energy currently has a consensus rating of "Hold" and a consensus price target of $77.00.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the business's 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 transaction, the senior vice president now directly owns 69,571 shares in the company, valued at $5,121,121.31. The trade was a 3.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is owned by 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.