Renaissance Technologies LLC Increases Stake in CMS Energy Co. (NYSE:CMS)

Renaissance Technologies LLC grew its position in CMS Energy Co. (NYSE:CMS - Free Report) by 615.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 347,600 shares of the utilities provider's stock after acquiring an additional 299,000 shares during the period. Renaissance Technologies LLC owned about 0.12% of CMS Energy worth $23,168,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CMS. BankPlus Trust Department purchased a new position in shares of CMS Energy in the 4th quarter valued at about $29,000. Richardson Financial Services Inc. increased its position in shares of CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock valued at $30,000 after buying an additional 235 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after buying an additional 696 shares during the period. Mizuho Bank Ltd. purchased a new position in shares of CMS Energy during the 4th quarter valued at approximately $61,000. Finally, Robbins Farley acquired a new stake in CMS Energy in the 4th quarter valued at $62,000. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Trading Down 1.1 %

CMS Energy stock traded down $0.78 during mid-day trading on Tuesday, hitting $72.75. The company's stock had a trading volume of 2,679,659 shares, compared to its average volume of 2,273,254. CMS Energy Co. has a 1 year low of $56.61 and a 1 year high of $76.45. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $21.74 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34. The stock's fifty day moving average is $72.13 and its two-hundred day moving average is $69.53.

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CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

The company 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 $0.5425 dividend. This represents a $2.17 dividend on an annualized basis 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%.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value 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. The trade was a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 11,200 shares of company stock valued at $789,532 over the last quarter. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Guggenheim reissued a "neutral" rating and set a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. Bank of America increased their price objective on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. UBS Group upped their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Finally, StockNews.com upgraded CMS Energy from a "sell" rating to a "hold" rating in a report on Thursday, April 10th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $75.09.

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.