Duality Advisers LP Raises Stock Position in CMS Energy Co. (NYSE:CMS)

Duality Advisers LP grew its holdings in CMS Energy Co. (NYSE:CMS) by 1,854.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 114,193 shares of the utilities provider’s stock after purchasing an additional 108,350 shares during the quarter. CMS Energy makes up approximately 0.7% of Duality Advisers LP’s holdings, making the stock its 2nd biggest holding. Duality Advisers LP’s holdings in CMS Energy were worth $6,890,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. lifted its position in shares of CMS Energy by 30.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 185 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in CMS Energy by 0.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 20,607 shares of the utilities provider’s stock worth $1,228,000 after purchasing an additional 192 shares during the period. Parallel Advisors LLC lifted its position in CMS Energy by 19.8% during the fourth quarter. Parallel Advisors LLC now owns 1,458 shares of the utilities provider’s stock worth $85,000 after purchasing an additional 241 shares during the period. IFM Investors Pty Ltd lifted its position in CMS Energy by 0.3% during the fourth quarter. IFM Investors Pty Ltd now owns 97,475 shares of the utilities provider’s stock worth $5,660,000 after purchasing an additional 269 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its position in CMS Energy by 2.9% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 10,394 shares of the utilities provider’s stock worth $604,000 after purchasing an additional 289 shares during the period. Institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling

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

CMS Energy Price Performance

NYSE:CMS traded up $0.91 during mid-day trading on Friday, reaching $61.57. The stock had a trading volume of 708,927 shares, compared to its average volume of 2,397,635. The firm has a 50 day moving average price of $60.85 and a two-hundred day moving average price of $59.19. The stock has a market capitalization of $18.39 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.35 and a beta of 0.38. CMS Energy Co. has a one year low of $49.87 and a one year high of $63.76. 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 (NYSE:CMS) last released its earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the company posted $0.70 EPS. CMS Energy’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were paid a $0.515 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.06 annualized dividend and a yield of 3.35%. CMS Energy’s payout ratio is 62.80%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Scotiabank dropped their target price on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. UBS Group cut CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a report on Thursday, April 4th. BMO Capital Markets raised their price objective on CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Morgan Stanley lowered their target price on CMS Energy from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. Finally, Barclays lifted their target price on CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.20.

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.