Fuller & Thaler Asset Management Inc. Boosts Stock Holdings in CMS Energy Co. (NYSE:CMS)

Fuller & Thaler Asset Management Inc. lifted its holdings in CMS Energy Co. (NYSE:CMS) by 7.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 36,496 shares of the utilities provider’s stock after purchasing an additional 2,596 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in CMS Energy were worth $2,432,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smith Group Asset Management LLC purchased a new stake in CMS Energy during the fourth quarter worth $333,000. Hennion & Walsh Asset Management Inc. raised its position in shares of CMS Energy by 39.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider’s stock worth $1,342,000 after acquiring an additional 5,662 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of CMS Energy by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider’s stock worth $5,103,000 after purchasing an additional 392 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in CMS Energy by 49.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider’s stock valued at $1,787,000 after purchasing an additional 8,927 shares in the last quarter. Finally, Hennessy Advisors Inc. raised its holdings in CMS Energy by 2.7% in the fourth quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider’s stock worth $11,377,000 after purchasing an additional 4,500 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Stock Down 2.6 %

CMS Energy stock opened at $72.21 on Friday. The business’s 50-day simple moving average is $72.73 and its two-hundred day simple moving average is $69.67. 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 market cap of $21.58 billion, a PE ratio of 21.75, a PEG ratio of 2.56 and a beta of 0.34. CMS Energy Co. has a fifty-two week low of $58.50 and a fifty-two week high of $76.45.

CMS Energy (NYSE:CMS) last issued 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 firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Equities analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be given 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 3.01%. CMS Energy’s dividend payout ratio is presently 65.36%.

Insider Buying and Selling at CMS Energy

In related news, Director Laura Wright sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the transaction, the director now directly owns 38,790 shares in the company, valued at $2,709,093.60. The trade was a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the sale, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,200 shares of company stock valued at $789,532. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on CMS. Jefferies Financial Group raised their price target on shares of CMS Energy from $77.00 to $83.00 and gave the company a “buy” rating in a report on Monday, April 21st. BMO Capital Markets lowered their target price on shares of CMS Energy from $80.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Scotiabank reaffirmed an “outperform” rating on shares of CMS Energy in a research report on Friday. StockNews.com cut CMS Energy from a “hold” rating to a “sell” rating in a research report on Friday, April 18th. Finally, Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.55.

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.