Wolverine Trading LLC Reduces Stock Position 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 fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CMS. Vanguard Group Inc. increased its holdings in CMS Energy by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider's stock valued at $2,544,370,000 after buying an additional 316,011 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings 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 valued at $950,227,000 after buying an additional 3,486,074 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings 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 buying an additional 2,131,269 shares during the last quarter. Geode Capital Management LLC increased its holdings in CMS Energy by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider's stock valued at $505,869,000 after buying an additional 98,910 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in CMS Energy by 11.6% in the fourth quarter. Northern Trust Corp now owns 2,986,489 shares of the utilities provider's stock valued at $199,049,000 after buying an additional 311,489 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were 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 $5,306,349.87. This trade represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by insiders.

CMS Energy Stock Performance

Shares of CMS stock traded up $0.07 during mid-day trading on Friday, hitting $69.62. 413,716 shares of the stock were exchanged, compared to its average volume of 2,295,735. CMS Energy Co. has a 12-month low of $58.50 and a 12-month high of $76.45. The stock has a market capitalization of $20.83 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 2.56 and a beta of 0.42. The stock's fifty day simple moving average is $72.12 and its two-hundred day simple moving average is $69.93. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79.

CMS Energy (NYSE:CMS - Get Free Report) last announced its 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). The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. CMS Energy's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company posted $0.97 EPS. On average, analysts forecast that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently commented on the company. Evercore ISI increased their target price on CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a report on Monday, April 28th. Wall Street Zen lowered CMS Energy from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. UBS Group increased their target price on CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $68.00 to $75.00 in a report on Thursday, February 20th. Finally, Bank of America raised their price objective on CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, March 24th. One 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 data from MarketBeat.com, CMS Energy has a consensus rating of "Hold" and a consensus target price of $77.00.

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.