XTX Topco Ltd Purchases 19,829 Shares of CMS Energy Corporation (NYSE:CMS)

Key Points

• XTX Topco Ltd significantly increased its stake in CMS Energy Corporation by 423.5%, owning 24,511 shares valued at approximately $1.84 million after acquiring 19,829 additional shares in the first quarter.
• CMS Energy has announced a quarterly dividend of $0.5425 per share, representing a yield of 3.00% and a dividend payout ratio of 64.39%.
• Analyst ratings for CMS Energy vary, with Jefferies Financial Group and Scotiabank raising their price targets, while Wall Street Zen downgraded the stock from a "hold" to a "sell" rating.

XTX Topco Ltd increased its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 423.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,511 shares of the utilities provider's stock after acquiring an additional 19,829 shares during the quarter. XTX Topco Ltd's holdings in CMS Energy were worth $1,841,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CMS. Optiver Holding B.V. increased its holdings in 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 buying an additional 229 shares during the period. Mizuho Bank Ltd. bought a new stake in shares of CMS Energy in the 4th quarter worth about $61,000. Covestor Ltd grew its holdings in shares of CMS Energy by 51.9% in the 4th quarter. Covestor Ltd now owns 1,065 shares of the utilities provider's stock worth $71,000 after purchasing an additional 364 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of CMS Energy in the 1st quarter worth about $72,000. Finally, Quarry LP grew its holdings in shares of CMS Energy by 36.5% in the 4th quarter. Quarry LP now owns 1,118 shares of the utilities provider's stock worth $75,000 after purchasing an additional 299 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the stock in a transaction dated Tuesday, May 6th. The shares were 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 directly owned 69,571 shares in the company, valued at $5,121,121.31. This represents a 3.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by corporate insiders.

CMS Energy Stock Up 0.4%

NYSE CMS traded up $0.30 during trading hours on Friday, reaching $74.10. 2,926,292 shares of the company's stock were exchanged, compared to its average volume of 2,007,880. The company's 50-day moving average is $70.47 and its two-hundred day moving average is $70.96. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.84 and a current ratio of 1.54. The company has a market capitalization of $22.16 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 2.75 and a beta of 0.36.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%. CMS Energy's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 EPS. On average, analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, August 8th. CMS Energy's dividend payout ratio is currently 64.20%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CMS shares. Jefferies Financial Group upped their price target 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. Evercore ISI upped their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research report on Monday, April 28th. Scotiabank reiterated an "outperform" rating and set a $81.00 price target (up previously from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Morgan Stanley set a $71.00 price target on shares of CMS Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Finally, Wolfe Research reiterated a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, CMS Energy has a consensus rating of "Hold" and a consensus target price of $77.25.

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.