AMF Tjanstepension AB Has $27.33 Million Stock Position in CMS Energy Co. (NYSE:CMS)

AMF Tjanstepension AB lifted its holdings in CMS Energy Co. (NYSE:CMS) by 150.1% during the 1st quarter, HoldingsChannel reports. The fund owned 452,333 shares of the utilities provider’s stock after acquiring an additional 271,450 shares during the quarter. AMF Tjanstepension AB’s holdings in CMS Energy were worth $27,329,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its position in shares of CMS Energy by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,680,374 shares of the utilities provider’s stock worth $97,579,000 after purchasing an additional 40,302 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of CMS Energy by 68.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider’s stock valued at $3,721,000 after buying an additional 26,034 shares during the period. Dimensional Fund Advisors LP grew its position in CMS Energy by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,038,851 shares of the utilities provider’s stock worth $60,326,000 after buying an additional 18,636 shares in the last quarter. Hsbc Holdings PLC increased its stake in CMS Energy by 132.8% during the 4th quarter. Hsbc Holdings PLC now owns 1,071,473 shares of the utilities provider’s stock worth $62,100,000 after acquiring an additional 611,282 shares during the period. Finally, 1832 Asset Management L.P. raised its holdings in CMS Energy by 17.6% in the 4th quarter. 1832 Asset Management L.P. now owns 1,506,680 shares of the utilities provider’s stock valued at $87,493,000 after acquiring an additional 225,872 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barclays increased their target price on CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. BMO Capital Markets raised their target price on shares of CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. JPMorgan Chase & Co. upped their price target on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, March 13th. UBS Group cut shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a research note on Thursday, April 4th. Finally, KeyCorp boosted their price objective on shares of CMS Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $64.20.

CMS Energy Price Performance

NYSE:CMS traded down $0.43 on Friday, hitting $59.53. The company had a trading volume of 3,101,730 shares, compared to its average volume of 2,453,664. CMS Energy Co. has a 52 week low of $49.87 and a 52 week high of $63.76. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $17.74 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 2.37 and a beta of 0.40. The firm has a 50 day moving average of $61.07 and a two-hundred day moving average of $59.12.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the company earned $0.70 EPS. CMS Energy’s revenue was down 4.7% compared to the same quarter last year. On average, research analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Tuesday, May 14th. CMS Energy’s payout ratio is 62.80%.

Insider Transactions at CMS Energy

In related news, Director Jon E. Barfield sold 2,360 shares of CMS Energy stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $60.79, for a total transaction of $143,464.40. Following the sale, the director now directly owns 14,556 shares in the company, valued at approximately $884,859.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,667 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $59.98, for a total value of $99,986.66. Following the sale, the senior vice president now owns 68,330 shares in the company, valued at approximately $4,098,433.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jon E. Barfield sold 2,360 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $60.79, for a total value of $143,464.40. Following the transaction, the director now owns 14,556 shares of the company’s stock, valued at $884,859.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,027 shares of company stock worth $365,651. Insiders own 0.40% of the company’s stock.

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.