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CMS Energy Co. (NYSE:CMS) Shares Purchased by Thurston Springer Miller Herd & Titak Inc.

CMS Energy logo with Utilities background

Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 49.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,808 shares of the utilities provider's stock after buying an additional 8,927 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in CMS Energy were worth $1,787,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Meeder Advisory Services Inc. grew its stake in CMS Energy by 10.6% in the 3rd quarter. Meeder Advisory Services Inc. now owns 11,925 shares of the utilities provider's stock worth $842,000 after acquiring an additional 1,147 shares during the period. Cetera Investment Advisers grew its position in shares of CMS Energy by 6.2% in the second quarter. Cetera Investment Advisers now owns 27,850 shares of the utilities provider's stock valued at $1,658,000 after purchasing an additional 1,631 shares during the period. Mizuho Securities USA LLC increased its stake in CMS Energy by 992.4% in the third quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider's stock valued at $18,075,000 after purchasing an additional 228,501 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in 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 worth $537,503,000 after buying an additional 719,093 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in CMS Energy by 14.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 884,878 shares of the utilities provider's stock worth $52,677,000 after buying an additional 109,424 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMS has been the topic of several recent analyst reports. StockNews.com lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Thursday, November 28th. Jefferies Financial Group started coverage on shares of CMS Energy in a report on Tuesday, November 5th. They issued a "buy" rating and a $76.00 price target on the stock. KeyCorp upped their price objective on CMS Energy from $73.00 to $76.00 and gave the stock an "overweight" rating in a report on Monday, September 30th. Wells Fargo & Company lifted their target price on CMS Energy from $70.00 to $77.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Finally, Scotiabank upped their price target on CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $70.36.

Read Our Latest Analysis on CMS Energy

CMS Energy Stock Up 1.5 %

NYSE:CMS traded up $1.00 during trading hours on Wednesday, hitting $66.56. The stock had a trading volume of 2,119,689 shares, compared to its average volume of 1,675,677. The business has a 50 day simple moving average of $67.41 and a two-hundred day simple moving average of $67.09. CMS Energy Co. has a 1-year low of $55.10 and a 1-year high of $72.40. 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 company has a market cap of $19.89 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 2.66 and a beta of 0.42.

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

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $0.515 dividend. This is a boost from CMS Energy's previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.06 annualized dividend and a dividend yield of 3.09%. CMS Energy's payout ratio is 58.86%.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the transaction, the senior vice president now directly owns 64,771 shares in the company, valued at approximately $4,415,439.07. This trade represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were 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 directly owns 24,417 shares of the company's stock, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their ownership of the stock. 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. Insiders own 0.40% of the company's stock.

CMS Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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