Walleye Capital LLC Has $1.06 Million Stock Holdings in CMS Energy Co. (NYSE:CMS)

Walleye Capital LLC increased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 100.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 15,906 shares of the utilities provider’s stock after acquiring an additional 7,968 shares during the period. Walleye Capital LLC’s holdings in CMS Energy were worth $1,060,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Pallas Capital Advisors LLC boosted its holdings in CMS Energy by 4.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock valued at $297,000 after purchasing an additional 173 shares in the last quarter. Mather Group LLC. lifted its position in shares of CMS Energy by 5.8% during 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 during the period. Signaturefd LLC boosted its stake in CMS Energy by 4.9% in the 4th quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider’s stock valued at $317,000 after buying an additional 220 shares in the last quarter. Stephens Consulting LLC grew its position in CMS Energy by 5.5% in the fourth 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. raised its stake in CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 235 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Price Performance

CMS Energy stock opened at $72.81 on Monday. The business’s 50-day simple moving average is $72.34 and its 200 day simple moving average is $69.56. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The stock has a market cap of $21.76 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 2.56 and a beta of 0.34. CMS Energy Co. has a 12-month low of $58.50 and a 12-month high of $76.45.

CMS Energy (NYSE:CMS) last issued its earnings results 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%. As a group, 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 declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be given a $0.5425 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.17 annualized dividend and a dividend yield of 2.98%. CMS Energy’s dividend payout ratio is currently 65.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Guggenheim reaffirmed a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. StockNews.com downgraded CMS Energy from a “hold” rating to a “sell” rating in a report on Friday. BMO Capital Markets dropped their price target 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, Bank of America lifted their price objective on CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, CMS Energy currently has an average rating of “Hold” and a consensus price target of $75.09.

Insider Buying and Selling

In other CMS Energy news, Director Laura Wright sold 2,500 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the sale, the director now directly owns 38,790 shares in the company, valued at approximately $2,709,093.60. This trade represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction on 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 $5,306,349.87. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,200 shares of company stock valued at $789,532 over the last three months. Company insiders own 0.49% 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.