Susquehanna International Group LLP Increases Holdings in CMS Energy Co. (NYSE:CMS)

Susquehanna International Group LLP raised its stake in CMS Energy Co. (NYSE:CMS) by 24.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 172,364 shares of the utilities provider’s stock after acquiring an additional 34,114 shares during the period. Susquehanna International Group LLP owned approximately 0.06% of CMS Energy worth $11,488,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pallas Capital Advisors LLC increased its holdings in shares of CMS Energy by 4.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock worth $297,000 after purchasing an additional 173 shares in the last quarter. Mather Group LLC. increased its holdings in CMS Energy by 5.8% in the 4th quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider’s stock worth $266,000 after buying an additional 220 shares in the last quarter. Signaturefd LLC raised its position in CMS Energy by 4.9% in the 4th quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider’s stock worth $317,000 after buying an additional 220 shares during the last quarter. Stephens Consulting LLC lifted its stake in CMS Energy by 5.5% during the 4th quarter. Stephens Consulting LLC now owns 4,327 shares of the utilities provider’s stock valued at $288,000 after acquiring an additional 225 shares during the period. Finally, Richardson Financial Services Inc. boosted its holdings in shares of CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 235 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Insider Activity

In other CMS Energy news, 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 sale, the chief accounting officer now owns 21,643 shares in the company, valued at $1,509,815.68. The trade was a 23.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the transaction, the senior vice president now 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 disclosure for this sale can be found here. Insiders have sold a total of 11,200 shares of company stock worth $789,532 over the last quarter. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CMS shares. Wells Fargo & Company boosted their price objective on shares of CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, April 25th. BMO Capital Markets increased their price target on CMS Energy from $77.00 to $79.00 and gave the company an “outperform” rating in a report on Tuesday. Guggenheim reaffirmed a “neutral” rating and issued a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. UBS Group increased their target price on CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Finally, Evercore ISI raised their target price on CMS Energy from $73.00 to $76.00 and gave the stock an “in-line” rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.25.

CMS Energy Stock Performance

CMS opened at $73.70 on Wednesday. The company has a 50 day simple moving average of $72.83 and a two-hundred day simple moving average of $69.72. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The firm has a market cap of $22.02 billion, a P/E ratio of 22.20, a PEG ratio of 2.56 and a beta of 0.34. CMS Energy Co. has a 1-year low of $58.50 and a 1-year high of $76.45.

CMS Energy (NYSE:CMS) last issued 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). CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. Equities analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Friday, May 9th. CMS Energy’s dividend payout ratio (DPR) is currently 64.39%.

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.