Amalgamated Bank Has $4.19 Million Stock Holdings in CMS Energy Co. (NYSE:CMS)

Amalgamated Bank trimmed its position in CMS Energy Co. (NYSE:CMS) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 72,177 shares of the utilities provider’s stock after selling 2,456 shares during the period. Amalgamated Bank’s holdings in CMS Energy were worth $4,191,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CMS. Headinvest LLC acquired a new stake in shares of CMS Energy in the 3rd quarter valued at approximately $26,000. Tobam raised its holdings in CMS Energy by 2,432.3% during the 4th quarter. Tobam now owns 785 shares of the utilities provider’s stock worth $46,000 after buying an additional 754 shares during the period. CVA Family Office LLC acquired a new stake in CMS Energy during the 4th quarter worth approximately $47,000. Quent Capital LLC raised its holdings in CMS Energy by 63.8% during the 4th quarter. Quent Capital LLC now owns 829 shares of the utilities provider’s stock worth $48,000 after buying an additional 323 shares during the period. Finally, Centerpoint Advisors LLC raised its holdings in CMS Energy by 25.0% during the 3rd quarter. Centerpoint Advisors LLC now owns 1,000 shares of the utilities provider’s stock worth $53,000 after buying an additional 200 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMS has been the subject of several research reports. JPMorgan Chase & Co. raised their price target on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. UBS Group cut shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a research note on Thursday, April 4th. KeyCorp boosted their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Guggenheim upgraded CMS Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $60.00 to $64.00 in a research note on Friday, February 2nd. Finally, BMO Capital Markets boosted their price objective on shares of CMS Energy from $67.00 to $68.00 and gave the company an “outperform” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $63.50.

CMS Energy Trading Up 0.8 %

CMS opened at $62.74 on Thursday. CMS Energy Co. has a twelve month low of $49.87 and a twelve month high of $63.76. The company has a 50-day simple moving average of $59.31 and a 200 day simple moving average of $57.84. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $18.70 billion, a price-to-earnings ratio of 19.13, a P/E/G 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 firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.32 billion. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 earnings per share. Analysts predict that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Announces Dividend

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

Insider Transactions at CMS Energy

In other news, SVP Brian F. Rich sold 2,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the completion of the transaction, the senior vice president now owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following the completion of 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 document filed with the SEC, which can be accessed through this link. Also, SVP Brian F. Rich sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the sale, the senior vice president now directly owns 97,682 shares of the company’s stock, valued at approximately $5,968,370.20. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

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.