Worldquant Millennium Advisors LLC Purchases 21,737 Shares of CMS Energy Co. (NYSE:CMS)

Worldquant Millennium Advisors LLC boosted its position in CMS Energy Co. (NYSE:CMS) by 71.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,009 shares of the utilities provider’s stock after purchasing an additional 21,737 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in CMS Energy were worth $3,466,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ballentine Partners LLC boosted its holdings in CMS Energy by 7.5% in the 4th quarter. Ballentine Partners LLC now owns 5,439 shares of the utilities provider’s stock valued at $363,000 after purchasing an additional 379 shares during the period. Advisory Alpha LLC boosted its stake in shares of CMS Energy by 9.0% in the fourth quarter. Advisory Alpha LLC now owns 7,206 shares of the utilities provider’s stock valued at $480,000 after buying an additional 593 shares during the period. Exchange Traded Concepts LLC grew its position in CMS Energy by 2.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 12,401 shares of the utilities provider’s stock worth $827,000 after buying an additional 345 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in CMS Energy during the 4th quarter worth $212,000. Finally, Blue Trust Inc. raised its holdings in CMS Energy by 52.6% in the 4th quarter. Blue Trust Inc. now owns 9,371 shares of the utilities provider’s stock valued at $662,000 after acquiring an additional 3,231 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CMS. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Guggenheim reiterated a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. 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. Bank of America upped their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, March 24th. Finally, UBS Group increased their price target on shares of CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $77.00.

CMS Energy Trading Down 2.1%

Shares of CMS Energy stock opened at $69.30 on Friday. The firm’s 50 day moving average is $72.53 and its 200 day moving average is $69.87. The firm has a market capitalization of $20.73 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a 1 year low of $58.50 and a 1 year high of $76.45. 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) last posted its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the firm posted $0.97 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities research analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be given a $0.5425 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.17 annualized dividend and a yield of 3.13%. CMS Energy’s dividend payout ratio is presently 64.39%.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 71,931 shares in the company, valued at approximately $5,306,349.87. This represents a 2.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.49% of the company’s stock.

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.