Amica Mutual Insurance Co. Reduces Holdings in CMS Energy Co. (NYSE:CMS)

Amica Mutual Insurance Co. cut its holdings in CMS Energy Co. (NYSE:CMS) by 85.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,317 shares of the utilities provider’s stock after selling 62,008 shares during the period. Amica Mutual Insurance Co.’s holdings in CMS Energy were worth $599,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CMS. Headinvest LLC acquired a new stake in shares of CMS Energy during the 3rd quarter worth about $26,000. Compagnie Lombard Odier SCmA acquired a new stake in CMS Energy in the 3rd quarter valued at approximately $36,000. Tobam raised its position in CMS Energy by 2,432.3% in the fourth quarter. Tobam now owns 785 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 754 shares during the period. CVA Family Office LLC acquired a new position in CMS Energy during the fourth quarter worth $47,000. Finally, Quent Capital LLC grew its stake in shares of CMS Energy by 63.8% in the fourth quarter. Quent Capital LLC now owns 829 shares of the utilities provider’s stock valued at $48,000 after buying an additional 323 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 value of $202,230.00. Following the sale, the senior vice president now owns 68,971 shares in the company, valued at approximately $3,985,144.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CMS shares. BMO Capital Markets lifted their target price on CMS Energy from $67.00 to $68.00 and gave the company an “outperform” rating in a research report on Friday. UBS Group lowered CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a research report on Thursday, April 4th. Seaport Res Ptn downgraded CMS Energy from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Wolfe Research raised CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a research report on Tuesday, January 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $63.33.

CMS Energy Stock Performance

Shares of CMS stock traded up $0.86 during mid-day trading on Monday, hitting $60.20. The stock had a trading volume of 4,499,514 shares, compared to its average volume of 2,538,590. The firm has a market cap of $17.98 billion, a PE ratio of 18.35, a PEG ratio of 2.31 and a beta of 0.38. The company’s 50-day simple moving average is $58.82 and its 200-day simple moving average is $57.52. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.05. CMS Energy Co. has a fifty-two week low of $49.87 and a fifty-two week high of $63.76.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 EPS. Sell-side analysts anticipate that CMS Energy Co. will post 3.32 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Tuesday, May 14th. CMS Energy’s dividend payout ratio (DPR) is 62.80%.

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.