Millennium Management LLC Has $161.93 Million Position in CMS Energy Co. (NYSE:CMS)

Millennium Management LLC raised its stake in shares of CMS Energy Co. (NYSE:CMS) by 1,240.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,645,095 shares of the utilities provider’s stock after purchasing an additional 2,447,810 shares during the quarter. Millennium Management LLC’s holdings in CMS Energy were worth $161,933,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Voloridge Investment Management LLC lifted its holdings in shares of CMS Energy by 9.5% during the 1st quarter. Voloridge Investment Management LLC now owns 534,792 shares of the utilities provider’s stock valued at $32,740,000 after purchasing an additional 46,581 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of CMS Energy by 17.8% during the 1st quarter. D. E. Shaw & Co. Inc. now owns 1,531,348 shares of the utilities provider’s stock valued at $93,749,000 after purchasing an additional 231,754 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of CMS Energy during the 1st quarter valued at about $580,000. State of Wisconsin Investment Board lifted its holdings in shares of CMS Energy by 7.2% during the 1st quarter. State of Wisconsin Investment Board now owns 233,586 shares of the utilities provider’s stock valued at $14,300,000 after purchasing an additional 15,641 shares in the last quarter. Finally, Maverick Capital Ltd. bought a new position in shares of CMS Energy during the 1st quarter valued at about $200,000. Institutional investors own 89.44% of the company’s stock.

Shares of CMS Energy stock traded up $0.19 on Thursday, reaching $61.23. 33,919 shares of the company were exchanged, compared to its average volume of 2,813,250. CMS Energy Co. has a one year low of $53.19 and a one year high of $67.98. The firm has a market cap of $17.72 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 3.15 and a beta of 0.18. The company has a quick ratio of 0.73, a current ratio of 0.87 and a debt-to-equity ratio of 2.16. The firm’s 50-day moving average is $61.14.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, April 29th. The utilities provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.04. CMS Energy had a return on equity of 14.74% and a net margin of 12.48%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. Analysts anticipate that CMS Energy Co. will post 2.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 31st. Stockholders of record on Friday, August 6th will be paid a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 2.84%. CMS Energy’s dividend payout ratio is currently 65.17%.

Several equities analysts have recently weighed in on CMS shares. Wells Fargo & Company cut their price objective on CMS Energy from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, June 9th. They noted that the move was a valuation call. Seaport Global Securities restated a “neutral” rating on shares of CMS Energy in a research note on Tuesday, April 13th. Zacks Investment Research cut CMS Energy from a “hold” rating to a “sell” rating and set a $64.00 target price on the stock. in a research note on Tuesday, July 13th. Barclays boosted their target price on CMS Energy from $67.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, May 25th. Finally, Morgan Stanley boosted their target price on CMS Energy from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $67.14.

CMS Energy Profile

CMS Energy Corp. is a holding company, which engages in business through its subsidiaries. It operates through the following business segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution and sale of electricity.

Featured Story: How to start trading in the forex market?

Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Co. (NYSE:CMS).

Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter.