GAMMA Investing LLC Makes New Investment in CMS Energy Co. (NYSE:CMS)

GAMMA Investing LLC bought a new position in shares of CMS Energy Co. (NYSE:CMS) during the fourth quarter, HoldingsChannel.com reports. The firm bought 5,174 shares of the utilities provider’s stock, valued at approximately $296,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund lifted its position in CMS Energy by 3.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 203,564 shares of the utilities provider’s stock worth $11,821,000 after purchasing an additional 7,188 shares during the period. Greenleaf Trust increased its stake in shares of CMS Energy by 31.5% in the 4th quarter. Greenleaf Trust now owns 10,446 shares of the utilities provider’s stock valued at $607,000 after purchasing an additional 2,503 shares during the last quarter. Calamos Advisors LLC raised its holdings in shares of CMS Energy by 54.9% during the 4th quarter. Calamos Advisors LLC now owns 220,691 shares of the utilities provider’s stock worth $12,816,000 after buying an additional 78,217 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of CMS Energy by 23.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 29,819 shares of the utilities provider’s stock worth $1,731,000 after buying an additional 5,740 shares during the last quarter. Finally, Financial Strategies Group Inc. acquired a new stake in CMS Energy in the fourth quarter valued at about $202,000. Institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

CMS has been the subject of a number of research reports. KeyCorp increased their target price on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Wolfe Research upgraded shares of CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price target for the company in a report on Tuesday, January 16th. Royal Bank of Canada cut their price objective on CMS Energy from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Monday, March 4th. UBS Group cut CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a report on Thursday, April 4th. Finally, Barclays cut their price target on CMS Energy from $58.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and an average price target of $63.00.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were 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 $3,985,144.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.40% of the stock is currently owned by insiders.

CMS Energy Stock Up 0.6 %

Shares of NYSE CMS opened at $60.28 on Thursday. CMS Energy Co. has a 12-month low of $49.87 and a 12-month high of $63.76. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 1.84. The firm has a market cap of $18.00 billion, a PE ratio of 20.03, a P/E/G ratio of 2.32 and a beta of 0.38. The company’s fifty day simple moving average is $58.65 and its 200 day simple moving average is $57.36.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.10). CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. The business’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The firm 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 3.42%. The ex-dividend date of this dividend is Tuesday, May 14th. CMS Energy’s payout ratio is currently 68.44%.

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.