Dimensional Fund Advisors LP Raises Stake in CMS Energy Co. (NYSE:CMS)

Dimensional Fund Advisors LP grew its position in CMS Energy Co. (NYSE:CMS - Free Report) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,367,975 shares of the utilities provider's stock after acquiring an additional 54,054 shares during the period. Dimensional Fund Advisors LP owned 0.46% of CMS Energy worth $91,175,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of CMS Energy during the fourth quarter valued at about $171,798,000. Massachusetts Financial Services Co. MA boosted its position in CMS Energy by 28.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock worth $649,264,000 after buying an additional 2,131,269 shares during the period. Fisher Funds Management LTD bought a new stake in CMS Energy during the 4th quarter worth approximately $53,904,000. Prudential Financial Inc. increased its position in CMS Energy by 207.9% in the 4th quarter. Prudential Financial Inc. now owns 1,115,524 shares of the utilities provider's stock valued at $74,350,000 after acquiring an additional 753,182 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of 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 valued at $46,664,000 after acquiring an additional 618,767 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the sale, the senior vice president now directly owns 71,931 shares in the company, valued at $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the transaction, the chief accounting officer now owns 21,643 shares of the company's stock, valued at $1,509,815.68. The trade was a 23.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,200 shares of company stock valued at $789,532. Company insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

CMS has been the subject of several analyst reports. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. UBS Group upped 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. Jefferies Financial Group raised their price target on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Evercore ISI upped their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research note on Monday. Finally, Guggenheim reissued a "neutral" rating and set a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $77.25.

CMS Energy Stock Performance

Shares of CMS Energy stock traded down $0.04 during mid-day trading on Friday, hitting $72.93. 1,771,939 shares of the stock were exchanged, compared to its average volume of 2,278,855. The company has a market capitalization of $21.82 billion, a P/E ratio of 21.97, a P/E/G ratio of 2.56 and a beta of 0.34. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The company has a 50-day simple moving average of $72.89 and a 200 day simple moving average of $69.77. CMS Energy Co. has a 12 month low of $58.50 and a 12 month high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The firm's revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 EPS. Sell-side analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be issued a dividend of $0.5425 per share. The ex-dividend date is Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a yield of 2.98%. CMS Energy's dividend payout ratio (DPR) is presently 64.39%.

CMS Energy 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.