Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of CMS Energy Co. (NYSE:CMS – Free Report) by 49.9% during the fourth quarter, Holdings Channel.com reports. The fund 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.
Other institutional investors have also recently modified their holdings of the company. Mackenzie Financial Corp lifted its stake in CMS Energy by 0.6% in the 2nd 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 in the last quarter. Voisard Asset Management Group Inc. lifted its stake in CMS Energy by 25.7% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after buying an additional 163 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in CMS Energy by 4.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock valued at $297,000 after buying an additional 173 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in CMS Energy by 5.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock valued at $256,000 after buying an additional 187 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its stake in CMS Energy by 1.3% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock valued at $1,107,000 after buying an additional 200 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently weighed in on CMS shares. StockNews.com lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Thursday, November 28th. Barclays raised their price target on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Morgan Stanley decreased their target price on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $76.00 to $72.00 in a research note on Tuesday, October 15th. Finally, BMO Capital Markets decreased their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, CMS Energy has a consensus rating of “Moderate Buy” and a consensus price target of $70.36.
CMS Energy Stock Up 0.9 %
CMS stock opened at $65.59 on Wednesday. The firm has a market cap of $19.60 billion, a PE ratio of 18.74, a PEG ratio of 2.66 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 firm’s 50 day moving average price is $67.41 and its 200-day moving average price is $67.09. 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 results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. On average, equities research analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current year.
CMS Energy Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Wednesday, November 13th. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is 58.86%.
Insider Activity at CMS Energy
In related news, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction that occurred on 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 owns 24,417 shares in the company, valued at approximately $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 accessible through this link. Also, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the sale, the director now owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This trade represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,686 shares of company stock worth $2,228,084. Insiders own 0.40% of the company’s stock.
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.
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