CMS Energy Co. (NYSE:CMS) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in shares of CMS Energy Co. (NYSE:CMS) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,177 shares of the utilities provider’s stock after selling 2,456 shares during the quarter. Amalgamated Bank’s holdings in CMS Energy were worth $4,191,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMS. First Trust Direct Indexing L.P. grew its stake in shares of CMS Energy by 28.2% in the 4th quarter. First Trust Direct Indexing L.P. now owns 8,342 shares of the utilities provider’s stock valued at $484,000 after buying an additional 1,835 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of CMS Energy by 0.5% in the 4th quarter. Victory Capital Management Inc. now owns 499,985 shares of the utilities provider’s stock worth $29,034,000 after acquiring an additional 2,578 shares during the last quarter. Beck Bode LLC increased its holdings in CMS Energy by 16.4% in the 4th quarter. Beck Bode LLC now owns 14,412 shares of the utilities provider’s stock valued at $837,000 after purchasing an additional 2,031 shares during the last quarter. Mather Group LLC. purchased a new stake in CMS Energy in the fourth quarter valued at approximately $244,000. Finally, Blue Chip Partners LLC acquired a new position in CMS Energy during the fourth quarter worth $104,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wolfe Research upgraded CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 target price for the company in a report on Tuesday, January 16th. KeyCorp lifted their target price on CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Barclays lifted their target price on CMS Energy from $57.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Royal Bank of Canada decreased their target price on CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, March 4th. Finally, Guggenheim upgraded CMS Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $60.00 to $64.00 in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and an average price target of $63.50.

CMS Energy Stock Up 0.8 %

CMS opened at $62.74 on Thursday. The business’s 50-day simple moving average is $59.31 and its 200-day simple moving average is $57.84. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.05 and a current ratio of 1.35. CMS Energy Co. has a one year low of $49.87 and a one year high of $63.76. The stock has a market capitalization of $18.70 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 2.51 and a beta of 0.37.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.32 billion. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 earnings per share. Analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, May 14th. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the transaction, the senior vice president now owns 68,971 shares in the company, valued at approximately $3,985,144.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total transaction of $202,230.00. Following the transaction, the senior vice president now owns 68,971 shares in the company, valued at approximately $3,985,144.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brian F. Rich sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total value of $122,200.00. Following the transaction, the senior vice president now owns 97,682 shares in the company, valued at approximately $5,968,370.20. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

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.