GAMMA Investing LLC Boosts Stock Holdings in CMS Energy Co. (NYSE:CMS)

GAMMA Investing LLC lifted its holdings in CMS Energy Co. (NYSE:CMS) by 6.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,471 shares of the utilities provider’s stock after acquiring an additional 738 shares during the quarter. GAMMA Investing LLC’s holdings in CMS Energy were worth $765,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its holdings in CMS Energy by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after buying an additional 719,093 shares during the period. Geode Capital Management LLC lifted its stake in shares of CMS Energy by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock worth $528,713,000 after purchasing an additional 105,062 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in CMS Energy by 0.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider’s stock valued at $152,267,000 after purchasing an additional 18,403 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in CMS Energy by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock valued at $128,715,000 after purchasing an additional 25,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in CMS Energy by 22.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock worth $76,292,000 after purchasing an additional 233,633 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Mizuho cut shares of CMS Energy from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. BMO Capital Markets cut their price target on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Scotiabank increased their price objective on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley dropped their target price on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Finally, Barclays increased their price target on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.36.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the transaction, the director now owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $68.17, for a total transaction of $136,340.00. Following the sale, the senior vice president now directly owns 64,771 shares in the company, valued at approximately $4,415,439.07. The trade was a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,686 shares of company stock valued at $2,228,084. 0.40% of the stock is owned by company insiders.

CMS Energy Stock Up 0.1 %

NYSE:CMS opened at $66.61 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. The company’s fifty day moving average price is $67.95 and its 200-day moving average price is $66.69. CMS Energy Co. has a 1-year low of $55.10 and a 1-year high of $72.40. The firm has a market capitalization of $19.90 billion, a P/E ratio of 19.03, a PEG ratio of 2.66 and a beta of 0.42.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. As a group, equities research analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.515 per share. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 3.09%. The ex-dividend date was Wednesday, November 13th. CMS Energy’s dividend payout ratio (DPR) is currently 58.86%.

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.