CMS Energy Corporation (NYSE:CMS) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in CMS Energy Corporation (NYSE:CMS - Free Report) by 15.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,851 shares of the utilities provider's stock after acquiring an additional 11,719 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in CMS Energy were worth $6,749,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Optiver Holding B.V. boosted its position in shares of 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 purchasing an additional 229 shares during the period. Mizuho Bank Ltd. purchased a new stake in CMS Energy during the 4th quarter worth approximately $61,000. Covestor Ltd lifted its holdings in CMS Energy by 51.9% during the 4th quarter. Covestor Ltd now owns 1,065 shares of the utilities provider's stock worth $71,000 after buying an additional 364 shares in the last quarter. Bernard Wealth Management Corp. purchased a new position in CMS Energy in the 1st quarter valued at approximately $72,000. Finally, Quarry LP grew its stake in shares of CMS Energy by 36.5% in the fourth quarter. Quarry LP now owns 1,118 shares of the utilities provider's stock worth $75,000 after acquiring an additional 299 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Stock Performance

Shares of NYSE CMS traded up $0.30 during trading hours on Friday, reaching $74.10. The stock had a trading volume of 2,926,292 shares, compared to its average volume of 2,007,880. The firm has a 50-day moving average of $70.39 and a 200-day moving average of $70.88. The firm has a market cap of $22.16 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 2.74 and a beta of 0.36. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 2.06. CMS Energy Corporation has a fifty-two week low of $63.97 and a fifty-two week high of $76.45.

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

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.17 annualized dividend and a yield of 2.9%. CMS Energy's dividend payout ratio is currently 64.39%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CMS. Jefferies Financial Group lifted their target price on CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a report on Monday, April 21st. Scotiabank reiterated an "outperform" rating and issued a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. BMO Capital Markets raised their target price on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Evercore ISI boosted their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a report on Monday, April 28th. Finally, Wolfe Research restated a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, CMS Energy currently has an average rating of "Hold" and a consensus price target of $77.25.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total value of $161,794.78. Following the transaction, the senior vice president directly owned 69,571 shares in the company, valued at approximately $5,121,121.31. This trade represents a 3.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

About CMS Energy

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.