CMS Energy Co. (NYSE:CMS) Shares Acquired by Optiver Holding B.V.

Optiver Holding B.V. boosted its position in shares of CMS Energy Co. (NYSE:CMS) by 39.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 813 shares of the utilities provider’s stock after purchasing an additional 229 shares during the period. Optiver Holding B.V.’s holdings in CMS Energy were worth $54,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in shares of CMS Energy by 32.4% during 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 acquiring an additional 3,486,074 shares in the last quarter. Norges Bank purchased a new stake in CMS Energy during the 4th quarter worth approximately $171,798,000. Massachusetts Financial Services Co. MA boosted its stake in shares of CMS Energy by 28.0% during the 4th 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. Fisher Funds Management LTD acquired a new stake in shares of CMS Energy during the fourth quarter worth approximately $53,904,000. Finally, Prudential Financial Inc. increased its stake in shares of CMS Energy by 207.9% in the fourth quarter. Prudential Financial Inc. now owns 1,115,524 shares of the utilities provider’s stock worth $74,350,000 after buying an additional 753,182 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CMS shares. Scotiabank reissued an “outperform” rating and set a $81.00 price objective (up from $77.00) on shares of CMS Energy in a report on Friday. BMO Capital Markets upped their price objective on CMS Energy from $77.00 to $79.00 and gave the company an “outperform” rating in a research note on Tuesday. Jefferies Financial Group increased their target price on CMS Energy from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, April 21st. UBS Group boosted their price target on CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, March 21st. 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 research note on Monday, March 24th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.25.

Insider Buying and Selling

In other CMS Energy news, Director Laura Wright sold 2,500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 38,790 shares in the company, valued at $2,709,093.60. This represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the transaction, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,200 shares of company stock valued at $789,532 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

CMS Energy Trading Up 1.6 %

CMS Energy stock opened at $73.70 on Wednesday. The firm has a 50-day moving average price of $72.83 and a two-hundred day moving average price of $69.72. CMS Energy Co. has a 52-week low of $58.50 and a 52-week high of $76.45. The firm has a market capitalization of $22.02 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 2.56 and a beta of 0.34. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.97 earnings per share. Sell-side analysts expect that CMS Energy Co. 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, May 30th. Investors of record on Friday, May 9th will be issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 2.94%. The ex-dividend date is Friday, May 9th. CMS Energy’s payout ratio is currently 64.39%.

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.