Susquehanna Fundamental Investments LLC Invests $21.03 Million in CMS Energy Co. (NYSE:CMS)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 315,593 shares of the utilities provider's stock, valued at approximately $21,034,000. Susquehanna Fundamental Investments LLC owned 0.11% of CMS Energy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Pallas Capital Advisors LLC boosted its holdings in shares of CMS Energy by 4.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider's stock valued at $297,000 after acquiring an additional 173 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of CMS Energy by 5.8% during the 4th quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider's stock valued at $266,000 after acquiring an additional 220 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of CMS Energy by 4.9% during the 4th quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider's stock valued at $317,000 after acquiring an additional 220 shares during the last quarter. Stephens Consulting LLC increased its position in CMS Energy by 5.5% during the fourth quarter. Stephens Consulting LLC now owns 4,327 shares of the utilities provider's stock valued at $288,000 after acquiring an additional 225 shares during the last quarter. Finally, Richardson Financial Services Inc. grew its stake 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 purchasing an additional 235 shares during the period. Institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

NYSE CMS traded up $1.19 during trading on Tuesday, hitting $73.70. 4,362,463 shares of the stock traded hands, compared to its average volume of 2,283,059. The company has a market capitalization of $22.02 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34. CMS Energy Co. has a 12-month low of $58.50 and a 12-month high of $76.45. The firm has a 50-day simple moving average of $72.77 and a 200-day simple moving average of $69.69. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share 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 quarter in the prior year, the firm posted $0.97 EPS. The company's revenue for the quarter was up 12.5% on a year-over-year basis. As a group, analysts predict that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Friday, May 9th. CMS Energy's payout ratio is 64.39%.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the transaction, the senior vice president now owns 71,931 shares in the company, valued at $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now directly owns 21,643 shares of the company's stock, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,200 shares of company stock worth $789,532. Corporate insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

CMS has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on shares of CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research note on Friday. UBS Group upped their price objective on CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Guggenheim reissued a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. BMO Capital Markets upped their price target on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a report on Monday. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $77.25.

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.