CMS Energy Co. (NYSE:CMS) Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC increased its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 54.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 220,691 shares of the utilities provider's stock after purchasing an additional 78,217 shares during the period. Calamos Advisors LLC owned 0.08% of CMS Energy worth $12,816,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covington Capital Management purchased a new position in CMS Energy in the third quarter worth $27,000. Headinvest LLC purchased a new position in CMS Energy in the third quarter worth $26,000. Clear Street Markets LLC grew its holdings in CMS Energy by 94.9% in the first quarter. Clear Street Markets LLC now owns 573 shares of the utilities provider's stock worth $35,000 after purchasing an additional 279 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new position in CMS Energy in the third quarter worth $36,000. Finally, Tobam lifted its stake in shares of CMS Energy by 2,432.3% during the fourth quarter. Tobam now owns 785 shares of the utilities provider's stock worth $46,000 after buying an additional 754 shares during the period. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Price Performance

Shares of CMS Energy stock traded up $1.07 during trading hours on Friday, reaching $59.55. The stock had a trading volume of 1,743,911 shares, compared to its average volume of 2,219,797. The stock's 50 day moving average is $58.44 and its 200 day moving average is $57.20. The firm has a market capitalization of $17.78 billion, a PE ratio of 19.78, a PEG ratio of 2.27 and a beta of 0.38. CMS Energy Co. has a twelve month low of $49.87 and a twelve month high of $63.76. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, February 1st. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.01. The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $2.62 billion. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The company's quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. Equities analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Monday, February 12th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.46%. The ex-dividend date was Friday, February 9th. This is a boost from CMS Energy's previous quarterly dividend of $0.49. CMS Energy's dividend payout ratio is currently 68.44%.

Analyst Ratings Changes

Several equities research analysts have recently commented on CMS shares. Royal Bank of Canada lowered their price objective on shares of CMS Energy from $65.00 to $63.00 and set an "outperform" rating for the company in a research note on Monday, March 4th. Barclays lowered their price objective on shares of CMS Energy from $58.00 to $57.00 and set an "equal weight" rating for the company in a research note on Monday, April 15th. Wolfe Research upgraded shares of CMS Energy from a "peer perform" rating to an "outperform" rating and set a $62.00 price objective for the company in a research note on Tuesday, January 16th. Seaport Res Ptn downgraded shares of CMS Energy from a "buy" rating to a "neutral" rating in a research note on Monday, January 8th. Finally, BMO Capital Markets boosted their target price on shares of CMS Energy from $63.00 to $64.00 and gave the company an "outperform" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, CMS Energy has an average rating of "Hold" and an average target price of $62.73.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following the transaction, the senior vice president now directly owns 68,971 shares in the company, valued at approximately $3,985,144.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is owned by corporate insiders.

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.