CMS Energy Co. (NYSE:CMS) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in CMS Energy Co. (NYSE:CMS) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,367,975 shares of the utilities provider’s stock after purchasing an additional 54,054 shares during the period. Dimensional Fund Advisors LP owned about 0.46% of CMS Energy worth $91,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMS. Capital Group Private Client Services Inc. lifted its holdings in CMS Energy by 0.3% during the 4th quarter. Capital Group Private Client Services Inc. now owns 306,982 shares of the utilities provider’s stock worth $20,460,000 after buying an additional 903 shares during the last quarter. United Capital Financial Advisors LLC lifted its holdings in CMS Energy by 4.3% during the 4th quarter. United Capital Financial Advisors LLC now owns 9,395 shares of the utilities provider’s stock worth $626,000 after buying an additional 385 shares during the last quarter. Jump Financial LLC lifted its holdings in CMS Energy by 3.2% during the 4th quarter. Jump Financial LLC now owns 15,578 shares of the utilities provider’s stock worth $1,038,000 after buying an additional 483 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its holdings in CMS Energy by 30.0% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 25,277 shares of the utilities provider’s stock worth $1,685,000 after buying an additional 5,835 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in CMS Energy by 9.8% during the 4th quarter. Guggenheim Capital LLC now owns 48,264 shares of the utilities provider’s stock worth $3,217,000 after buying an additional 4,293 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CMS Energy

In other news, Director Laura Wright sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the sale, the director now owns 38,790 shares of the company’s stock, valued at approximately $2,709,093.60. This trade represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now directly owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,200 shares of company stock worth $789,532. 0.40% of the stock is currently owned by company insiders.

CMS Energy Trading Up 0.5 %

Shares of CMS stock opened at $72.54 on Tuesday. The firm has a 50-day moving average price of $72.77 and a 200 day moving average price of $69.69. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45. The company has a market capitalization of $21.67 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 2.56 and a beta of 0.34. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. Research analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Friday, May 9th. CMS Energy’s payout ratio is currently 64.39%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CMS. Jefferies Financial Group boosted their target price on CMS Energy from $77.00 to $83.00 and gave the company a “buy” rating in a report on Monday, April 21st. UBS Group boosted their target price on CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, March 21st. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a report on Monday. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $68.00 to $75.00 in a report on Thursday, February 20th. Finally, Guggenheim reissued a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $77.08.

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.