Amalgamated Bank Has $3.83 Million Stake in CMS Energy Co. (NYSE:CMS)

Amalgamated Bank trimmed its holdings in shares of CMS Energy Co. (NYSE:CMS) by 2.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 57,431 shares of the utilities provider’s stock after selling 1,217 shares during the quarter. Amalgamated Bank’s holdings in CMS Energy were worth $3,828,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Pallas Capital Advisors LLC raised its position in shares of CMS Energy by 4.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock valued at $297,000 after acquiring an additional 173 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of CMS Energy by 5.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock worth $256,000 after purchasing an additional 187 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its stake in shares of CMS Energy by 1.3% during the third quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock worth $1,107,000 after purchasing an additional 200 shares during the period. Private Trust Co. NA increased its holdings in CMS Energy by 25.6% in the third quarter. Private Trust Co. NA now owns 982 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 200 shares during the last quarter. Finally, Empirical Finance LLC lifted its stake in CMS Energy by 2.2% in the third quarter. Empirical Finance LLC now owns 10,048 shares of the utilities provider’s stock valued at $710,000 after buying an additional 217 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CMS Energy

In other news, Director John G. Russell sold 28,750 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the sale, the director now owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. This represents a 16.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $67.22, for a total transaction of $134,440.00. Following the transaction, the senior vice president now owns 63,197 shares in the company, valued at approximately $4,248,102.34. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,950 shares of company stock worth $2,669,620. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CMS shares. Jefferies Financial Group assumed coverage on CMS Energy in a research report on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price for the company. BMO Capital Markets decreased their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Guggenheim reiterated a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Finally, Morgan Stanley lowered their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and an average price target of $71.69.

CMS Energy Stock Performance

CMS opened at $73.04 on Friday. The company has a market capitalization of $21.82 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 2.56 and a beta of 0.42. The business’s 50-day moving average price is $67.86 and its two-hundred day moving average price is $68.50. CMS Energy Co. has a 1 year low of $56.61 and a 1 year high of $73.37. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Equities analysts expect that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were issued a dividend of $0.5425 per share. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.17 annualized dividend and a yield of 2.97%. CMS Energy’s dividend payout ratio is presently 65.36%.

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.