Assenagon Asset Management S.A. Grows Position in CMS Energy Co. (NYSE:CMS)

Assenagon Asset Management S.A. raised its position in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 760.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 700,135 shares of the utilities provider's stock after purchasing an additional 618,767 shares during the quarter. Assenagon Asset Management S.A. owned 0.23% of CMS Energy worth $46,664,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CMS. Massachusetts Financial Services Co. MA lifted its stake in shares of CMS Energy by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider's stock valued at $537,503,000 after buying an additional 719,093 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of CMS Energy by 1.4% in the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider's stock valued at $528,713,000 after acquiring an additional 105,062 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of CMS Energy by 0.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider's stock worth $152,267,000 after acquiring an additional 18,403 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of CMS Energy by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider's stock worth $128,715,000 after purchasing an additional 25,196 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in CMS Energy by 22.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider's stock valued at $76,292,000 after purchasing an additional 233,633 shares during the period. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Trading Up 2.1 %

NYSE CMS traded up $1.38 on Thursday, hitting $67.99. 1,983,212 shares of the stock were exchanged, compared to its average volume of 1,706,421. CMS Energy Co. has a 52-week low of $55.10 and a 52-week high of $72.40. The firm has a market capitalization of $20.31 billion, a P/E ratio of 19.43, a P/E/G ratio of 2.41 and a beta of 0.42. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. The stock has a fifty day moving average price of $67.38 and a two-hundred day moving average price of $67.08.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. Research analysts forecast that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This is a positive change from CMS Energy's previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.03%. CMS Energy's dividend payout ratio (DPR) is 58.86%.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $67.22, for a total transaction of $134,440.00. Following the completion of the sale, the senior vice president now owns 63,197 shares in the company, valued at approximately $4,248,102.34. This represents a 3.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Scott B. Mcintosh sold 936 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the transaction, the chief accounting officer now owns 24,417 shares in the company, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,686 shares of company stock valued at $2,228,084. Corporate insiders own 0.53% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CMS. KeyCorp increased their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an "overweight" rating in a report on Monday, September 30th. Morgan Stanley reduced their price target on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Mizuho downgraded shares of CMS Energy from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. Jefferies Financial Group assumed coverage on CMS Energy in a report on Tuesday, November 5th. They issued a "buy" rating and a $76.00 target price on the stock. Finally, Wells Fargo & Company increased their price target on CMS Energy from $70.00 to $77.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, CMS Energy currently has a consensus rating of "Moderate Buy" and an average target price of $70.36.

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.