Walleye Capital LLC Acquires New Position in CMS Energy Co. (NYSE:CMS)

Walleye Capital LLC purchased a new stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,938 shares of the utilities provider's stock, valued at approximately $561,000.

Several other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in CMS Energy by 101.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider's stock valued at $410,223,000 after purchasing an additional 3,473,977 shares during the last quarter. Raymond James & Associates increased its holdings in CMS Energy by 310.2% in the 3rd quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider's stock valued at $79,519,000 after purchasing an additional 851,364 shares during the last quarter. iA Global Asset Management Inc. increased its holdings in CMS Energy by 105.9% in the 2nd quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider's stock valued at $92,623,000 after purchasing an additional 800,344 shares during the last quarter. Railway Pension Investments Ltd acquired a new stake in CMS Energy in the 2nd quarter valued at approximately $47,082,000. Finally, Renaissance Technologies LLC increased its holdings in CMS Energy by 155.2% in the 2nd quarter. Renaissance Technologies LLC now owns 767,100 shares of the utilities provider's stock valued at $45,665,000 after purchasing an additional 466,500 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Stock Performance

Shares of CMS stock traded up $0.48 during mid-day trading on Monday, hitting $67.66. 2,827,150 shares of the stock were exchanged, compared to its average volume of 2,278,272. The stock's fifty day simple moving average is $69.44 and its two-hundred day simple moving average is $66.00. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 2.68 and a beta of 0.41. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. On average, analysts forecast that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.515 per share. This is an increase from CMS Energy's previous quarterly dividend of $0.51. The ex-dividend date was Wednesday, November 13th. This represents a $2.06 annualized dividend and a dividend yield of 3.04%. CMS Energy's dividend payout ratio is 58.86%.

Analysts Set New Price Targets

Several research firms recently weighed in on CMS. Scotiabank lifted their target price on shares of CMS Energy from $66.00 to $75.00 and gave the company a "sector outperform" rating in a report on Tuesday, August 20th. StockNews.com downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Thursday, November 28th. KeyCorp boosted their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "overweight" rating in a research note on Monday, September 30th. Morgan Stanley dropped their price target on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Finally, Bank of America boosted their price target on shares of CMS Energy from $69.00 to $73.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $70.21.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the completion of the sale, the senior vice president now owns 64,771 shares in the company, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the sale, the chief accounting officer now owns 24,417 shares of the company's stock, valued at $1,672,564.50. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.53% of the company's stock.

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.