CMS Energy Co. (NYSE:CMS) Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 39.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,133 shares of the utilities provider's stock after purchasing an additional 5,662 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in CMS Energy were worth $1,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Mackenzie Financial Corp grew its holdings in shares of CMS Energy by 0.6% during the second quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider's stock valued at $1,511,000 after buying an additional 157 shares during the last quarter. Voisard Asset Management Group Inc. boosted its stake in CMS Energy by 25.7% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider's stock valued at $56,000 after purchasing an additional 163 shares during the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of CMS Energy by 4.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider's stock worth $297,000 after purchasing an additional 173 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of CMS Energy by 5.4% in the third quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider's stock worth $256,000 after purchasing an additional 187 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its holdings in shares of CMS Energy by 1.3% during the third quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider's stock valued at $1,107,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CMS. Scotiabank boosted their target price on CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. Barclays raised their price target on CMS Energy from $65.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. KeyCorp increased their target price on CMS Energy from $73.00 to $76.00 and gave the company an "overweight" rating in a report on Monday, September 30th. StockNews.com upgraded CMS Energy from a "sell" rating to a "hold" rating in a research note on Wednesday. Finally, Wells Fargo & Company increased their price objective on shares of CMS Energy from $70.00 to $77.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $71.00.

CMS Energy Price Performance

CMS Energy stock traded up $0.10 during mid-day trading on Friday, hitting $68.12. The stock had a trading volume of 1,922,927 shares, compared to its average volume of 1,542,205. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The firm's 50 day moving average is $67.43 and its 200 day moving average is $67.27. The firm has a market capitalization of $20.35 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.41 and a beta of 0.42. CMS Energy Co. has a one year low of $55.10 and a one year high of $72.40.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly 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 company had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. CMS Energy's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, sell-side analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.515 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a yield of 3.02%. This is a positive change from CMS Energy's previous quarterly dividend of $0.51. CMS Energy's dividend payout ratio is currently 58.86%.

Insider Buying and Selling at CMS Energy

In other news, CAO Scott B. Mcintosh sold 936 shares of the firm'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 completion of the sale, the chief accounting officer now owns 24,417 shares of the company's stock, valued at $1,672,564.50. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the transaction, the senior vice president now directly owns 64,771 shares in the company, valued at $4,415,439.07. This represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,686 shares of company stock valued at $2,228,084. 0.40% of the stock is currently owned by corporate insiders.

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.