GAMMA Investing LLC Boosts Stake in CMS Energy Co. (NYSE:CMS)

GAMMA Investing LLC raised its holdings in CMS Energy Co. (NYSE:CMS) by 29.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,733 shares of the utilities provider’s stock after purchasing an additional 2,418 shares during the quarter. GAMMA Investing LLC’s holdings in CMS Energy were worth $758,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMS. Massachusetts Financial Services Co. MA raised its position in CMS Energy by 101.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock valued at $410,223,000 after purchasing an additional 3,473,977 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of CMS Energy by 320.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock valued at $250,026,000 after buying an additional 3,282,697 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of CMS Energy by 14.0% in the 1st quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock valued at $1,367,483,000 after buying an additional 2,786,071 shares during the period. iA Global Asset Management Inc. raised its holdings in shares of CMS Energy by 105.9% in the 2nd quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock valued at $92,623,000 after buying an additional 800,344 shares during the period. Finally, Railway Pension Investments Ltd purchased a new stake in shares of CMS Energy in the 2nd quarter valued at $47,082,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Trading Up 0.3 %

NYSE:CMS opened at $69.97 on Wednesday. The stock has a 50-day simple moving average of $68.12 and a 200-day simple moving average of $63.18. The stock has a market cap of $20.90 billion, a P/E ratio of 21.33, a P/E/G ratio of 2.80 and a beta of 0.41. CMS Energy Co. has a 1 year low of $52.12 and a 1 year high of $71.57. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. As a group, analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, August 2nd. CMS Energy’s payout ratio is currently 62.80%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CMS. BMO Capital Markets boosted their price objective on CMS Energy from $69.00 to $76.00 and gave the company an “outperform” rating in a report on Monday, September 30th. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. KeyCorp boosted their price objective on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Evercore ISI raised CMS Energy to a “hold” rating in a research note on Friday, July 26th. Finally, Scotiabank boosted their target price on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.38.

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.