Adage Capital Partners GP L.L.C. Has $18.61 Million Stock Position in CMS Energy Co. (NYSE:CMS)

Adage Capital Partners GP L.L.C. grew its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 4,154.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 279,161 shares of the utilities provider's stock after buying an additional 272,600 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.09% of CMS Energy worth $18,606,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Smith Group Asset Management LLC acquired a new stake in CMS Energy in the fourth quarter worth $333,000. Hennion & Walsh Asset Management Inc. raised its stake in CMS Energy by 39.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider's stock worth $1,342,000 after buying an additional 5,662 shares during the period. Commonwealth Equity Services LLC grew its stake in CMS Energy by 0.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock valued at $5,103,000 after acquiring an additional 392 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of CMS Energy by 49.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider's stock valued at $1,787,000 after acquiring an additional 8,927 shares in the last quarter. Finally, Hennessy Advisors Inc. lifted its holdings in shares of CMS Energy by 2.7% in the 4th quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider's stock worth $11,377,000 after purchasing an additional 4,500 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Analysts Set New Price Targets

CMS has been the topic of a number of recent research reports. BMO Capital Markets dropped their price objective on shares of CMS Energy from $80.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Bank of America increased 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. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. StockNews.com cut CMS Energy from a "hold" rating to a "sell" rating in a research note on Friday, April 18th. Finally, Wells Fargo & Company increased their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $76.55.

Insider Buying and Selling at CMS Energy

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the company's 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 sale, the chief accounting officer now directly owns 21,643 shares in the company, valued at $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm'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 transaction of $147,540.00. Following the completion of the transaction, the senior vice president now owns 71,931 shares of the company's stock, valued at $5,306,349.87. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,200 shares of company stock valued at $789,532 in the last 90 days. 0.40% of the stock is currently owned by company insiders.

CMS Energy Price Performance

CMS Energy stock opened at $72.21 on Friday. The business's 50 day simple moving average is $72.73 and its 200 day simple moving average is $69.67. CMS Energy Co. has a 12 month low of $58.50 and a 12 month high of $76.45. The company has a market cap of $21.58 billion, a price-to-earnings ratio of 21.75, 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 announced its quarterly earnings data 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). The firm had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Sell-side analysts forecast that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be paid a $0.5425 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a yield of 3.01%. CMS Energy's dividend payout ratio is 64.39%.

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.

Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Co. (NYSE:CMS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.