Hudson Bay Capital Management LP Acquires 7,746 Shares of CMS Energy Co. (NYSE:CMS)

Hudson Bay Capital Management LP increased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 223,967 shares of the utilities provider’s stock after acquiring an additional 7,746 shares during the quarter. Hudson Bay Capital Management LP owned about 0.07% of CMS Energy worth $14,927,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. BankPlus Trust Department acquired a new stake in shares of CMS Energy in the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. lifted its position in shares of CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 235 shares during the period. Larson Financial Group LLC grew its holdings in shares of CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 696 shares in the last quarter. Optiver Holding B.V. increased its position in shares of CMS Energy by 39.2% in the fourth 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. Finally, Mizuho Bank Ltd. acquired a new position in CMS Energy in the fourth quarter valued at about $61,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CMS shares. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $68.00 to $75.00 in a report on Thursday, February 20th. UBS Group boosted their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Guggenheim restated a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. Evercore ISI lifted their price target on CMS Energy from $73.00 to $76.00 and gave the company an “in-line” rating in a research note on Monday, April 28th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $81.00 price objective (up from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.25.

CMS Energy Trading Down 0.5 %

NYSE CMS opened at $72.23 on Friday. The firm has a market capitalization of $21.61 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42. The business’s 50-day moving average price is $72.88 and its two-hundred day moving average price is $69.84. 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 Co. has a 12 month low of $58.50 and a 12 month high of $76.45.

CMS Energy (NYSE:CMS) 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 firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, analysts expect that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be paid a dividend of $0.5425 per share. The ex-dividend date is Friday, May 9th. This represents a $2.17 annualized dividend and a yield of 3.00%. CMS Energy’s dividend payout ratio is currently 64.39%.

Insiders Place Their Bets

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at $1,509,815.68. This represents a 23.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were 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 of the company’s stock, valued at $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,398 shares of company stock worth $951,327. 0.40% of the stock is 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.