Trade Report: Today: Hennessy Advisors Inc. Boosts Position in CMS Energy Corp. (CMS)

Today: Hennessy Advisors Inc. Boosts Position in CMS Energy Corp. (CMS)

Hennessy Advisors Inc. raised its position in shares of CMS Energy Corp. (NYSE:CMS) by 13.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 739,148 shares of the company’s stock after buying an additional 85,000 shares during the period. Hennessy Advisors Inc.’s holdings in CMS Energy Corp. were worth $31,052,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMS. PGGM Investments raised its position in shares of CMS Energy Corp. by 298.8% in the second quarter. PGGM Investments now owns 941,700 shares of the company’s stock valued at $43,186,000 after buying an additional 705,588 shares in the last quarter. Standard Life Investments LTD raised its position in shares of CMS Energy Corp. by 22.3% in the second quarter. Standard Life Investments LTD now owns 7,943,113 shares of the company’s stock valued at $364,192,000 after buying an additional 1,449,503 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of CMS Energy Corp. by 2.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 860,070 shares of the company’s stock valued at $39,443,000 after buying an additional 23,220 shares in the last quarter. First Republic Investment Management Inc. raised its position in shares of CMS Energy Corp. by 72.4% in the first quarter. First Republic Investment Management Inc. now owns 17,423 shares of the company’s stock valued at $739,000 after buying an additional 7,315 shares in the last quarter. Finally, Monarch Partners Asset Management LLC raised its position in shares of CMS Energy Corp. by 94.0% in the second quarter. Monarch Partners Asset Management LLC now owns 316,819 shares of the company’s stock valued at $14,529,000 after buying an additional 153,510 shares in the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Shares of CMS Energy Corp. (NYSE:CMS) traded up 1.6566% during mid-day trading on Monday, reaching $41.2726. The company’s stock had a trading volume of 1,061,895 shares. The firm’s 50 day moving average is $40.75 and its 200 day moving average is $42.59. CMS Energy Corp. has a one year low of $34.18 and a one year high of $46.25. The firm has a market cap of $11.52 billion, a PE ratio of 19.8331 and a beta of 0.08.

CMS Energy Corp. (NYSE:CMS) last announced its earnings results on Thursday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.10. CMS Energy Corp. had a return on equity of 14.16% and a net margin of 9.25%. The business earned $1.59 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities analysts anticipate that CMS Energy Corp. will post $2.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Friday, November 4th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Wednesday, November 2nd. CMS Energy Corp.’s dividend payout ratio is presently 59.33%.

Several research analysts have recently issued reports on CMS shares. SunTrust Banks Inc. increased their target price on CMS Energy Corp. from $43.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday, September 26th. Zacks Investment Research raised CMS Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $48.00 target price for the company in a research report on Wednesday, October 19th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. CMS Energy Corp. currently has a consensus rating of “Hold” and an average price target of $43.75.

In related news, Director William D. Harvey purchased 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was purchased at an average price of $40.59 per share, with a total value of $121,770.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.93% of the company’s stock.

CMS Energy Corp. Company Profile

CMS Energy Corporation (CMS Energy) is an energy company operating primarily in Michigan. The Company operates in three segments, which include Consumers Electric Utility, Consumers Gas Utility and Enterprises (non-utility operations and investments). CMS Energy, through its subsidiaries and equity investments, is engaged primarily in independent power production and owns power generation facilities fueled by natural gas and biomass.

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