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

GAMMA Investing LLC boosted its holdings in CMS Energy Co. (NYSE:CMS) by 6.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,471 shares of the utilities provider’s stock after buying an additional 738 shares during the period. GAMMA Investing LLC’s holdings in CMS Energy were worth $765,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its position in shares of CMS Energy by 101.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock worth $410,223,000 after purchasing an additional 3,473,977 shares in the last quarter. Raymond James & Associates boosted its stake in CMS Energy by 310.2% in the 3rd quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock worth $79,519,000 after purchasing an additional 851,364 shares during the period. National Bank of Canada FI boosted its stake in CMS Energy by 404.8% in the 3rd quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock worth $63,053,000 after purchasing an additional 715,891 shares during the period. Rockefeller Capital Management L.P. grew its holdings in CMS Energy by 552.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock valued at $39,978,000 after buying an additional 479,336 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of CMS Energy by 155.2% during the second quarter. Renaissance Technologies LLC now owns 767,100 shares of the utilities provider’s stock valued at $45,665,000 after buying an additional 466,500 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

CMS Energy Trading Up 0.1 %

Shares of CMS opened at $66.61 on Friday. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The company’s fifty day simple moving average is $67.95 and its 200-day simple moving average is $66.69. The company has a market cap of $19.90 billion, a P/E ratio of 19.03, a P/E/G ratio of 2.66 and a beta of 0.42.

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

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.515 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a yield of 3.09%. CMS Energy’s dividend payout ratio (DPR) is presently 58.86%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CMS shares. Jefferies Financial Group began coverage on shares of CMS Energy in a research note on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price for the company. KeyCorp raised their price objective on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. BMO Capital Markets reduced their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. 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. Finally, StockNews.com downgraded CMS Energy from a “hold” rating to a “sell” rating in a research note on Thursday, November 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.36.

Insider Transactions at CMS Energy

In related news, Director John G. Russell sold 28,750 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This trade represents a 16.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the transaction, the chief accounting officer now owns 24,417 shares in the company, valued at $1,672,564.50. This represents a 3.69 % 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 worth $2,228,084. 0.40% of the stock is currently owned by insiders.

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.