GAMMA Investing LLC Has $76.11 Million Stake in CMS Energy Co. (NYSE:CMS)

GAMMA Investing LLC lifted its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 8,733.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,013,309 shares of the utilities provider's stock after purchasing an additional 1,001,838 shares during the quarter. GAMMA Investing LLC owned 0.34% of CMS Energy worth $76,110,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Mediolanum International Funds Ltd bought a new stake in CMS Energy during the fourth quarter worth approximately $176,000. Caprock Group LLC acquired a new position in shares of CMS Energy during the 4th quarter valued at $237,000. DAVENPORT & Co LLC bought a new stake in shares of CMS Energy in the 4th quarter worth $241,000. Richardson Financial Services Inc. lifted its holdings in shares of CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock valued at $30,000 after buying an additional 235 shares during the period. Finally, abrdn plc boosted its stake in CMS Energy by 1.3% during the fourth quarter. abrdn plc now owns 980,651 shares of the utilities provider's stock valued at $65,056,000 after buying an additional 12,550 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on CMS. Bank of America boosted their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. Evercore ISI increased their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research note on Monday, April 28th. Wells Fargo & Company lifted their price target on shares of CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $68.00 to $75.00 in a report on Thursday, February 20th. Finally, BMO Capital Markets raised their price objective on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, CMS Energy has an average rating of "Hold" and an average price target of $77.00.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total transaction of $161,794.78. Following the transaction, the senior vice president now owns 69,571 shares in the company, valued at $5,121,121.31. This represents a 3.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.40% of the company's stock.

CMS Energy Stock Down 0.7%

Shares of CMS stock traded down $0.49 on Thursday, reaching $69.23. 2,236,662 shares of the company's stock traded hands, compared to its average volume of 2,324,265. The company has a market capitalization of $20.71 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a 12-month low of $58.50 and a 12-month high of $76.45. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The business's 50 day moving average price is $71.90 and its two-hundred day moving average price is $70.00.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The business had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $2.32 billion. During the same period last year, the firm earned $0.97 EPS. The company's revenue was up 12.5% compared to the same quarter last year. On average, equities analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 9th were given a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Friday, May 9th. CMS Energy's payout ratio is currently 64.39%.

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.