BTG Pactual Asset Management US LLC Acquires New Stake in CMS Energy Co. (NYSE:CMS)

BTG Pactual Asset Management US LLC bought a new stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 67,374 shares of the utilities provider's stock, valued at approximately $4,490,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Townsquare Capital LLC purchased a new stake in CMS Energy during the 4th quarter worth approximately $391,000. Covestor Ltd grew its holdings in CMS Energy by 51.9% during the 4th quarter. Covestor Ltd now owns 1,065 shares of the utilities provider's stock worth $71,000 after acquiring an additional 364 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of CMS Energy by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 130,880 shares of the utilities provider's stock worth $8,723,000 after purchasing an additional 820 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of CMS Energy in the 4th quarter valued at about $24,481,000. Finally, Martingale Asset Management L P bought a new position in shares of CMS Energy during the fourth quarter worth about $274,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

NYSE:CMS traded down $0.78 during midday trading on Tuesday, hitting $72.75. 2,679,659 shares of the stock were exchanged, compared to its average volume of 2,273,097. The business has a 50-day moving average price of $72.13 and a two-hundred day moving average price of $69.53. CMS Energy Co. has a one year low of $56.61 and a one year high of $76.45. The company has a market capitalization of $21.74 billion, a price-to-earnings ratio of 21.91, a P/E/G 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.

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CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Sell-side analysts predict that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

The firm 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 dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's payout ratio is 65.36%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a report on Thursday, April 10th. Guggenheim reissued a "neutral" rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Bank of America upped 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. Finally, UBS Group boosted their price target on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $75.09.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated 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 directly owns 71,931 shares of the company's stock, valued at $5,306,349.87. This trade represents a 2.71 % decrease in their position. The sale 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 the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their position. 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 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.