CMS Energy Co. (NYSE:CMS) Position Boosted by Susquehanna International Group LLP

Susquehanna International Group LLP boosted its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 24.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,364 shares of the utilities provider's stock after purchasing an additional 34,114 shares during the period. Susquehanna International Group LLP owned approximately 0.06% of CMS Energy worth $11,488,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CMS. BankPlus Trust Department acquired a new position in shares of CMS Energy during the fourth quarter worth about $29,000. Richardson Financial Services Inc. lifted its position in CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after acquiring an additional 235 shares in the last quarter. Larson Financial Group LLC boosted its holdings in CMS Energy by 2,900.0% in the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after acquiring an additional 696 shares during the period. Mizuho Bank Ltd. acquired a new stake in CMS Energy in the fourth quarter valued at approximately $61,000. Finally, Robbins Farley purchased a new stake in shares of CMS Energy during the fourth quarter valued at approximately $62,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Ratings Changes

CMS has been the subject of a number of analyst reports. BMO Capital Markets upped their price objective on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Guggenheim reissued a "neutral" rating and issued a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. StockNews.com upgraded CMS Energy from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Bank of America upped their target price on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Finally, Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $77.25.

CMS Energy Stock Performance

CMS Energy stock traded up $0.15 during midday trading on Monday, reaching $73.06. 265,569 shares of the stock traded hands, compared to its average volume of 2,578,049. The firm has a fifty day moving average price of $72.89 and a two-hundred day moving average price of $69.77. CMS Energy Co. has a fifty-two week low of $58.50 and a fifty-two week high of $76.45. The firm has a market cap of $21.85 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 2.56 and a beta of 0.34. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

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 (EPS) 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 business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the company posted $0.97 EPS. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities research analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's dividend payout ratio is presently 64.39%.

Insider Buying and Selling

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the sale, the senior vice president now directly owns 71,931 shares of the company's stock, valued at $5,306,349.87. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Laura Wright sold 2,500 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total value of $174,600.00. Following the sale, the director now directly owns 38,790 shares in the company, valued at $2,709,093.60. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,200 shares of company stock valued at $789,532 over the last three months. Company 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.