Walleye Capital LLC Has $1.06 Million Stock Holdings in CMS Energy Co. (NYSE:CMS)

Walleye Capital LLC raised its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 100.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,906 shares of the utilities provider's stock after purchasing an additional 7,968 shares during the period. Walleye Capital LLC's holdings in CMS Energy were worth $1,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CMS. Norges Bank purchased a new stake in CMS Energy in the fourth quarter valued at $171,798,000. Massachusetts Financial Services Co. MA increased its stake in CMS Energy by 28.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock valued at $649,264,000 after purchasing an additional 2,131,269 shares during the period. Fisher Funds Management LTD acquired a new stake in shares of CMS Energy during the fourth quarter worth about $53,904,000. Prudential Financial Inc. raised its stake in CMS Energy by 207.9% during the 4th quarter. Prudential Financial Inc. now owns 1,115,524 shares of the utilities provider's stock valued at $74,350,000 after acquiring an additional 753,182 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of CMS Energy by 760.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider's stock valued at $46,664,000 after purchasing an additional 618,767 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

Shares of NYSE:CMS traded down $1.54 during trading on Friday, reaching $72.60. The company had a trading volume of 937,758 shares, compared to its average volume of 2,284,534. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45. The firm has a market capitalization of $21.69 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34. The firm's fifty day moving average is $72.67 and its 200 day moving average is $69.65. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79.

CMS Energy (NYSE:CMS - Get Free Report) last released 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). 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. On average, equities analysts forecast that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's dividend payout ratio (DPR) is presently 65.36%.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction 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 transaction, the senior vice president now directly owns 71,931 shares in the company, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Laura Wright sold 2,500 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the sale, the director now owns 38,790 shares in the company, valued at approximately $2,709,093.60. The trade was a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,200 shares of company stock worth $789,532 over the last ninety days. 0.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CMS. Bank of America boosted their target price on CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. UBS Group increased their target price on CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. BMO Capital Markets cut their price objective on shares of CMS Energy from $80.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Barclays raised shares of 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 research report on Thursday, February 20th. Finally, Wells Fargo & Company increased their price target on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $76.18.

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.