Thurston Springer Miller Herd & Titak Inc. Acquires 8,927 Shares of CMS Energy Co. (NYSE:CMS)

Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of CMS Energy Co. (NYSE:CMS) by 49.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CMS. Federated Hermes Inc. lifted its holdings in CMS Energy by 201.7% during the second quarter. Federated Hermes Inc. now owns 3,234 shares of the utilities provider’s stock worth $193,000 after buying an additional 2,162 shares during the period. Envestnet Asset Management Inc. lifted its holdings in CMS Energy by 14.1% during the second 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 period. Massachusetts Financial Services Co. MA lifted its holdings in CMS Energy by 101.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock worth $410,223,000 after buying an additional 3,473,977 shares during the period. Dimensional Fund Advisors LP lifted its holdings in CMS Energy by 22.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock worth $76,292,000 after buying an additional 233,633 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in CMS Energy by 155.2% during the second quarter. Renaissance Technologies LLC now owns 767,100 shares of the utilities provider’s stock worth $45,665,000 after buying an additional 466,500 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Scott B. Mcintosh sold 936 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the sale, the chief accounting officer now directly owns 24,417 shares in the company, valued at $1,672,564.50. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’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 sale, the senior vice president now owns 64,771 shares in the company, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,686 shares of company stock valued at $2,228,084. Company insiders own 0.40% of the company’s stock.

CMS Energy Price Performance

Shares of CMS opened at $65.59 on Wednesday. The business’s 50-day moving average is $67.41 and its two-hundred day moving average is $67.09. The company has a market capitalization of $19.60 billion, a P/E ratio of 18.74, a P/E/G 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. CMS Energy Co. has a fifty-two week low of $55.10 and a fifty-two week high of $72.40.

CMS Energy (NYSE:CMS) 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 the consensus estimate of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. Research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.515 per share. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 3.14%. The ex-dividend date was Wednesday, November 13th. CMS Energy’s dividend payout ratio (DPR) is currently 58.86%.

Analysts Set New Price Targets

Several analysts have recently commented on CMS shares. Wells Fargo & Company increased their price objective on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. StockNews.com lowered CMS Energy from a “hold” rating to a “sell” rating in a report on Thursday, November 28th. Scotiabank increased their price objective on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley decreased their price objective on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, BMO Capital Markets decreased their price objective on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.36.

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.