Calamos Advisors LLC Boosts Stock Position in CMS Energy Co. (NYSE:CMS)

Calamos Advisors LLC increased its stake in shares of CMS Energy Co. (NYSE:CMS) by 54.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,691 shares of the utilities provider’s stock after purchasing an additional 78,217 shares during the quarter. Calamos Advisors LLC owned approximately 0.08% of CMS Energy worth $12,816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. grew its holdings in CMS Energy by 23.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 29,819 shares of the utilities provider’s stock valued at $1,731,000 after buying an additional 5,740 shares during the period. Financial Strategies Group Inc. purchased a new stake in CMS Energy in the 4th quarter valued at about $202,000. Louisiana State Employees Retirement System purchased a new stake in CMS Energy in the 4th quarter valued at about $1,022,000. Aquila Investment Management LLC purchased a new stake in CMS Energy in the 4th quarter valued at about $581,000. Finally, Cerity Partners LLC grew its holdings in CMS Energy by 86.8% in the 4th quarter. Cerity Partners LLC now owns 8,126 shares of the utilities provider’s stock valued at $472,000 after buying an additional 3,775 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CMS shares. BMO Capital Markets boosted their target price on CMS Energy from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday. UBS Group cut CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a report on Thursday, April 4th. Royal Bank of Canada reduced their price target on CMS Energy from $65.00 to $63.00 and set an “outperform” rating on the stock in a research report on Monday, March 4th. JPMorgan Chase & Co. boosted their price target on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 13th. Finally, Wolfe Research raised CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price target on the stock in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, CMS Energy presently has an average rating of “Hold” and an average price target of $62.73.

CMS Energy Stock Performance

Shares of CMS opened at $59.55 on Friday. The business’s 50 day moving average is $58.44 and its two-hundred day moving average is $57.16. CMS Energy Co. has a 52-week low of $49.87 and a 52-week high of $63.76. The firm has a market cap of $17.78 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 2.27 and a beta of 0.38. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 1.84.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, February 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.62 billion. CMS Energy had a return on equity of 12.09% and a net margin of 11.89%. CMS Energy’s quarterly revenue was down 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 EPS. Analysts forecast that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

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

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total transaction of $202,230.00. Following the sale, the senior vice president now directly owns 68,971 shares of the company’s stock, valued at approximately $3,985,144.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate 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.