Calamos Advisors LLC Buys 78,217 Shares of CMS Energy Co. (NYSE:CMS)

Calamos Advisors LLC lifted its stake in CMS Energy Co. (NYSE:CMS) by 54.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 220,691 shares of the utilities provider’s stock after acquiring an additional 78,217 shares during the period. Calamos Advisors LLC’s holdings in CMS Energy were worth $12,816,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. State Street Corp increased its position in CMS Energy by 5.1% in the 1st quarter. State Street Corp now owns 17,323,536 shares of the utilities provider’s stock worth $1,063,319,000 after buying an additional 844,330 shares during the period. Wells Fargo & Company MN increased its position in CMS Energy by 1.3% in the 2nd quarter. Wells Fargo & Company MN now owns 6,327,495 shares of the utilities provider’s stock worth $371,740,000 after buying an additional 82,454 shares during the period. Geode Capital Management LLC increased its position in CMS Energy by 2.0% in the 1st quarter. Geode Capital Management LLC now owns 6,285,926 shares of the utilities provider’s stock worth $384,994,000 after buying an additional 124,854 shares during the period. Price T Rowe Associates Inc. MD increased its position in CMS Energy by 22.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,992,116 shares of the utilities provider’s stock worth $367,797,000 after buying an additional 1,095,342 shares during the period. Finally, Invesco Ltd. increased its position in CMS Energy by 7.3% in the 3rd quarter. Invesco Ltd. now owns 4,663,108 shares of the utilities provider’s stock worth $247,658,000 after buying an additional 317,682 shares during the period. 93.57% of the stock is owned by institutional investors.

CMS Energy Price Performance

Shares of CMS stock opened at $59.55 on Friday. The stock’s fifty day simple moving average is $58.44 and its 200 day simple moving average is $57.16. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.98 and a quick ratio of 0.66. The firm has a market cap of $17.78 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 2.27 and a beta of 0.38. CMS Energy Co. has a one year low of $49.87 and a one year high of $63.76.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.04 by $0.01. The business 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 quarter in the previous year, the firm earned $0.60 EPS. On average, 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. Shareholders of record on Monday, February 12th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.06 dividend on an annualized basis and a yield of 3.46%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.49. CMS Energy’s payout ratio is currently 68.44%.

Analyst Ratings Changes

Several brokerages have commented on CMS. KeyCorp lifted their price target on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday. Royal Bank of Canada decreased their price objective on CMS Energy from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Monday, March 4th. Wolfe Research raised CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price objective on the stock in a report on Tuesday, January 16th. JPMorgan Chase & Co. lifted their price objective on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, March 13th. Finally, Barclays decreased their price objective on CMS Energy from $58.00 to $57.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.73.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the transaction, the senior vice president now owns 68,971 shares of the company’s stock, valued at $3,985,144.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.