Hudson Bay Capital Management LP Raises Holdings in CMS Energy Co. (NYSE:CMS)

Hudson Bay Capital Management LP raised its stake in shares of CMS Energy Co. (NYSE:CMS) by 3.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 223,967 shares of the utilities provider’s stock after buying an additional 7,746 shares during the quarter. Hudson Bay Capital Management LP’s holdings in CMS Energy were worth $14,927,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CMS. BankPlus Trust Department purchased a new stake in shares of CMS Energy during the 4th quarter valued at $29,000. Richardson Financial Services Inc. raised its position in CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 235 shares during the period. Larson Financial Group LLC lifted its stake in CMS Energy by 2,900.0% in the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 696 shares during the last quarter. Optiver Holding B.V. boosted its position in CMS Energy by 39.2% during the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider’s stock valued at $54,000 after buying an additional 229 shares during the period. Finally, Mizuho Bank Ltd. bought a new position in shares of CMS Energy during the fourth quarter valued at about $61,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Price Performance

Shares of CMS opened at $72.23 on Friday. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45. The company has a market capitalization of $21.61 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42. The firm has a 50 day moving average of $72.88 and a 200 day moving average of $69.84. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last announced 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 net margin of 13.35% and a return on equity of 12.02%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, equities research analysts anticipate 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. Stockholders of record on Friday, May 9th will be issued a dividend of $0.5425 per share. The ex-dividend date is Friday, May 9th. This represents a $2.17 annualized dividend and a dividend yield of 3.00%. CMS Energy’s payout ratio is 64.39%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Evercore ISI increased their target price on CMS Energy from $73.00 to $76.00 and gave the company an “in-line” rating in a report on Monday, April 28th. Jefferies Financial Group upped their price target on shares of CMS Energy from $77.00 to $83.00 and gave the company a “buy” rating in a report on Monday, April 21st. BMO Capital Markets boosted their price objective on shares of CMS Energy from $77.00 to $79.00 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. UBS Group raised their target price on CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Finally, Wells Fargo & Company upped their price target on CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and an average target price of $77.25.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the sale, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at $1,509,815.68. The trade was a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,398 shares of company stock worth $951,327 over the last quarter. Company insiders own 0.40% 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.