Hennessy Advisors Inc. Cuts Position in CMS Energy Co. (NYSE:CMS)

Hennessy Advisors Inc. lessened its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 162,698 shares of the utilities provider's stock after selling 8,000 shares during the quarter. Hennessy Advisors Inc. owned approximately 0.05% of CMS Energy worth $12,220,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bernard Wealth Management Corp. acquired a new stake in CMS Energy during the 1st quarter worth $72,000. Stanley Laman Group Ltd. acquired a new stake in CMS Energy during the 1st quarter worth $213,000. Fifth Third Bancorp boosted its stake in CMS Energy by 8.1% during the 1st quarter. Fifth Third Bancorp now owns 36,304 shares of the utilities provider's stock worth $2,727,000 after purchasing an additional 2,719 shares during the last quarter. CX Institutional acquired a new stake in CMS Energy during the 1st quarter worth $148,000. Finally, Walker Asset Management LLC acquired a new stake in CMS Energy during the 1st quarter worth $205,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Trading Down 0.5%

NYSE CMS traded down $0.32 during trading hours on Friday, reaching $70.49. The company had a trading volume of 1,900,294 shares, compared to its average volume of 2,316,829. The stock has a 50-day moving average of $71.41 and a 200 day moving average of $70.04. CMS Energy Co. has a 1-year low of $58.50 and a 1-year high of $76.45. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $21.09 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 2.56 and a beta of 0.39.

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

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were issued a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Friday, May 9th. CMS Energy's dividend payout ratio (DPR) is currently 64.39%.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total value of $161,794.78. Following the completion of the transaction, the senior vice president now owns 69,571 shares in the company, valued at approximately $5,121,121.31. The trade was a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.49% of the company's stock.

Analyst Ratings Changes

CMS has been the topic of several recent research reports. Jefferies Financial Group lifted their target price on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Wells Fargo & Company boosted their price target on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Wall Street Zen cut shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Evercore ISI boosted their price target on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research report on Monday, April 28th. Finally, Morgan Stanley set a $71.00 price target on shares of CMS Energy and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $77.00.

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.