Hennessy Advisors Inc. Increases Stake in CMS Energy Co. (NYSE:CMS)

Hennessy Advisors Inc. raised its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 170,698 shares of the utilities provider's stock after purchasing an additional 4,500 shares during the period. Hennessy Advisors Inc. owned 0.06% of CMS Energy worth $11,377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Raymond James & Associates lifted its stake in shares of CMS Energy by 310.2% during the third quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider's stock valued at $79,519,000 after buying an additional 851,364 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of CMS Energy by 10.4% during the third 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 during the period. National Bank of Canada FI raised its stake in CMS Energy by 404.8% during the third quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider's stock worth $63,053,000 after purchasing an additional 715,891 shares during the period. Assenagon Asset Management S.A. raised its stake in CMS Energy by 760.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider's stock worth $46,664,000 after purchasing an additional 618,767 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in CMS Energy by 552.9% during the third quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider's stock worth $39,978,000 after purchasing an additional 479,336 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Stock Up 0.2 %

Shares of CMS stock traded up $0.10 during trading on Friday, reaching $68.12. The company's stock had a trading volume of 1,922,927 shares, compared to its average volume of 1,542,205. The business has a fifty day moving average price of $67.43 and a 200-day moving average price of $67.15. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The company has a market cap of $20.35 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth 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 released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The company's quarterly revenue was up 4.2% on a year-over-year basis. Analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current 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 issued a $0.515 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.02%. This is a boost from CMS Energy's previous quarterly dividend of $0.51. CMS Energy's dividend payout ratio is 58.86%.

Insider Transactions at CMS Energy

In other news, CAO Scott B. Mcintosh sold 936 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John G. Russell sold 28,750 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the sale, the director now directly owns 144,059 shares of the company's stock, valued at approximately $9,486,285.15. This trade represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,686 shares of company stock valued at $2,228,084. 0.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Scotiabank increased their price target on shares of CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. Jefferies Financial Group initiated coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They issued a "buy" rating and a $76.00 price objective for the company. Morgan Stanley dropped their price objective on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. KeyCorp raised their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. Finally, Barclays lifted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $71.00.

CMS Energy Company 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.