ExodusPoint Capital Management LP Grows Position in CMS Energy Co. (NYSE:CMS)

ExodusPoint Capital Management LP lifted its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,556,267 shares of the utilities provider's stock after purchasing an additional 343,677 shares during the quarter. CMS Energy accounts for about 1.2% of ExodusPoint Capital Management LP's investment portfolio, making the stock its 3rd biggest holding. ExodusPoint Capital Management LP owned 0.86% of CMS Energy worth $170,375,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BankPlus Trust Department purchased a new position in CMS Energy in the fourth quarter worth about $29,000. Richardson Financial Services Inc. increased its position in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after buying an additional 235 shares in the last quarter. Larson Financial Group LLC increased its position in CMS Energy by 2,900.0% in the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after buying an additional 696 shares in the last quarter. Robbins Farley bought a new position in shares of CMS Energy in the fourth quarter worth about $62,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of CMS Energy during the 4th quarter valued at about $73,000. 93.57% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the firm's stock in a transaction on 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 owns 21,643 shares in the company, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the 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 transaction, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,200 shares of company stock valued at $789,532. Insiders own 0.40% of the company's stock.

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Analyst Upgrades and Downgrades

CMS has been the topic of a number of recent analyst reports. Bank of America raised their target price on shares of CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. Guggenheim reaffirmed a "neutral" rating and issued a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. BMO Capital Markets increased their target price on CMS Energy from $73.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. UBS Group boosted their price target on CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $75.36.

CMS Energy Trading Up 1.7 %

NYSE CMS traded up $1.21 on Tuesday, hitting $72.15. 684,796 shares of the stock were exchanged, compared to its average volume of 2,238,751. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The stock has a fifty day moving average price of $71.32 and a two-hundred day moving average price of $69.44. The firm has a market capitalization of $21.56 billion, a P/E ratio of 21.67, a P/E/G ratio of 2.56 and a beta of 0.34. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $76.45.

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

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.01%. This is an increase from CMS Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy's dividend payout ratio is presently 65.36%.

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.