J. Safra Sarasin Holding AG Purchases Shares of 37,511 CMS Energy Co. (NYSE:CMS)

J. Safra Sarasin Holding AG acquired a new position in shares of CMS Energy Co. (NYSE:CMS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,511 shares of the utilities provider's stock, valued at approximately $2,500,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Virtu Financial LLC grew its position in CMS Energy by 18.0% in the third quarter. Virtu Financial LLC now owns 18,358 shares of the utilities provider's stock valued at $1,297,000 after purchasing an additional 2,800 shares in the last quarter. World Investment Advisors LLC bought a new stake in CMS Energy during the third quarter worth about $248,000. Wilmington Savings Fund Society FSB acquired a new position in shares of CMS Energy during the 3rd quarter worth approximately $589,000. Tidal Investments LLC raised its stake in shares of CMS Energy by 17.6% during the 3rd quarter. Tidal Investments LLC now owns 19,780 shares of the utilities provider's stock worth $1,397,000 after purchasing an additional 2,965 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of CMS Energy by 7.6% in the third quarter. Principal Financial Group Inc. now owns 408,331 shares of the utilities provider's stock valued at $28,840,000 after buying an additional 28,695 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CMS Energy

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 approximately $5,306,349.87. The trade was a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the transaction, the chief accounting officer now owns 21,643 shares of the company's stock, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,200 shares of company stock valued at $789,532. Corporate insiders own 0.40% of the company's stock.

CMS Energy Stock Down 2.6 %

CMS stock traded down $1.93 on Friday, reaching $72.21. 3,216,563 shares of the company traded hands, compared to its average volume of 2,282,197. The firm has a fifty day simple moving average of $72.73 and a 200-day simple moving average of $69.67. The company has a market cap of $21.58 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34. CMS Energy Co. has a one year low of $58.50 and a one year high of $76.45. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). The company had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $2.32 billion. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Research analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on CMS shares. Guggenheim reiterated a "neutral" rating and set a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $68.00 to $75.00 in a report on Thursday, February 20th. Jefferies Financial Group upped their price target on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Monday, April 21st. BMO Capital Markets reduced their price objective on CMS Energy from $80.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Wells Fargo & Company raised their target price on shares of CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, CMS Energy currently has a consensus rating of "Hold" and a consensus target price of $76.55.

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.