Worldquant Millennium Advisors LLC Has $3.47 Million Holdings in CMS Energy Co. (NYSE:CMS)

Worldquant Millennium Advisors LLC lifted its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 71.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 52,009 shares of the utilities provider's stock after buying an additional 21,737 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in CMS Energy were worth $3,466,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Mather Group LLC. increased its stake in shares of CMS Energy by 5.8% in the fourth quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider's stock valued at $266,000 after purchasing an additional 220 shares during the period. Signaturefd LLC raised its position in shares of CMS Energy by 4.9% during the 4th quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider's stock worth $317,000 after buying an additional 220 shares in the last quarter. Stephens Consulting LLC boosted its stake in CMS Energy by 5.5% during the 4th quarter. Stephens Consulting LLC now owns 4,327 shares of the utilities provider's stock valued at $288,000 after purchasing an additional 225 shares in the last quarter. Optiver Holding B.V. boosted its position in CMS Energy by 39.2% during the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after acquiring an additional 229 shares during the period. Finally, Richardson Financial Services Inc. lifted its position in shares of CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after buying an additional 235 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Wells Fargo & Company upped their price target on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Guggenheim reissued a "neutral" rating and issued a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Finally, UBS Group upped their price objective on CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, CMS Energy currently has an average rating of "Hold" and a consensus target price of $77.00.

CMS Energy Trading Down 1.5%

Shares of CMS stock traded down $1.06 on Wednesday, reaching $68.76. 396,933 shares of the stock were exchanged, compared to its average volume of 2,531,348. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. CMS Energy Co. has a one year low of $58.50 and a one year high of $76.45. The stock has a market cap of $20.57 billion, a PE ratio of 20.71, a P/E/G ratio of 2.56 and a beta of 0.42. The stock has a 50 day moving average price of $72.29 and a 200 day moving average price of $69.93.

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

CMS Energy Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's payout ratio is presently 64.39%.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction 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 directly owns 71,931 shares in the company, valued at $5,306,349.87. This represents a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.40% of the company's stock.

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.