CMS Energy Co. (NYSE:CMS) Shares Purchased by Duality Advisers LP

Duality Advisers LP increased its holdings in CMS Energy Co. (NYSE:CMS) by 1,854.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 114,193 shares of the utilities provider’s stock after buying an additional 108,350 shares during the quarter. CMS Energy comprises approximately 0.7% of Duality Advisers LP’s portfolio, making the stock its 2nd largest holding. Duality Advisers LP’s holdings in CMS Energy were worth $6,890,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Scarborough Advisors LLC acquired a new stake in shares of CMS Energy in the fourth quarter valued at approximately $29,000. Headinvest LLC bought a new position in CMS Energy in the third quarter valued at approximately $26,000. Voisard Asset Management Group Inc. bought a new position in CMS Energy in the fourth quarter valued at approximately $36,000. Tobam boosted its stake in CMS Energy by 2,432.3% in the fourth quarter. Tobam now owns 785 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 754 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in CMS Energy by 30.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 185 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CMS. UBS Group cut shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research report on Thursday, April 4th. KeyCorp lifted their price target on shares of CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Morgan Stanley reduced their price target on shares of CMS Energy from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. BMO Capital Markets lifted their price target on shares of CMS Energy from $68.00 to $71.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Finally, Barclays lifted their price target on shares of CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $64.20.

Insider Activity at CMS Energy

In related news, Director Jon E. Barfield sold 2,360 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $60.79, for a total value of $143,464.40. Following the sale, the director now owns 14,556 shares in the company, valued at approximately $884,859.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,667 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $59.98, for a total value of $99,986.66. Following the transaction, the senior vice president now directly owns 68,330 shares of the company’s stock, valued at approximately $4,098,433.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jon E. Barfield sold 2,360 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $60.79, for a total value of $143,464.40. Following the completion of the transaction, the director now directly owns 14,556 shares in the company, valued at $884,859.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,027 shares of company stock worth $365,651. Company insiders own 0.40% of the company’s stock.

CMS Energy Stock Up 1.5 %

NYSE CMS traded up $0.91 during trading on Friday, hitting $61.57. The stock had a trading volume of 708,927 shares, compared to its average volume of 2,397,635. The company has a market capitalization of $18.39 billion, a PE ratio of 18.48, a P/E/G ratio of 2.35 and a beta of 0.38. The company’s 50-day moving average price is $60.85 and its two-hundred day moving average price is $59.19. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.05 and a current ratio of 1.35. CMS Energy Co. has a 12 month low of $49.87 and a 12 month high of $63.76.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.32 billion. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 EPS. As a group, sell-side analysts forecast that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Tuesday, May 14th. CMS Energy’s dividend payout ratio is currently 62.80%.

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.