Federated Hermes Inc. Has $848,000 Position in CMS Energy Co. (NYSE:CMS)

Federated Hermes Inc. lessened its holdings in CMS Energy Co. (NYSE:CMS – Get Rating) by 5.9% in the third quarter, Holdings Channel reports. The institutional investor owned 14,551 shares of the utilities provider’s stock after selling 909 shares during the period. Federated Hermes Inc.’s holdings in CMS Energy were worth $848,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CMS. Motco bought a new stake in shares of CMS Energy in the 3rd quarter valued at $29,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in CMS Energy in the 3rd quarter valued at about $34,000. Parkside Financial Bank & Trust raised its stake in CMS Energy by 63.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 821 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 320 shares during the period. SeaCrest Wealth Management LLC bought a new stake in CMS Energy in the 2nd quarter valued at about $70,000. Finally, Covestor Ltd raised its stake in CMS Energy by 38.2% in the 1st quarter. Covestor Ltd now owns 1,157 shares of the utilities provider’s stock valued at $81,000 after acquiring an additional 320 shares during the period. Institutional investors own 92.16% of the company’s stock.

CMS Energy Stock Performance

NYSE CMS opened at $59.54 on Tuesday. The stock has a market capitalization of $17.36 billion, a PE ratio of 20.89, a P/E/G ratio of 2.32 and a beta of 0.34. The business has a 50 day simple moving average of $61.78 and a two-hundred day simple moving average of $61.48. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.15 and a quick ratio of 0.78. CMS Energy Co. has a 1-year low of $52.41 and a 1-year high of $73.76.

CMS Energy (NYSE:CMS – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The utilities provider reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.05 billion. CMS Energy had a return on equity of 11.57% and a net margin of 9.74%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS. On average, research analysts predict that CMS Energy Co. will post 3.11 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Monday, February 13th were issued a $0.4875 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 10th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 3.28%. CMS Energy’s payout ratio is 68.42%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CMS shares. Credit Suisse Group upgraded CMS Energy from a “neutral” rating to an “outperform” rating and upped their price target for the company from $61.00 to $64.00 in a research report on Monday, November 21st. Wells Fargo & Company cut their target price on CMS Energy from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, February 3rd. BMO Capital Markets cut their target price on CMS Energy from $70.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, February 14th. Morgan Stanley dropped their price objective on CMS Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 22nd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $71.00 target price on shares of CMS Energy in a report on Wednesday, February 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and a consensus target price of $67.20.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 1,250 shares of CMS Energy stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $60.00, for a total value of $75,000.00. Following the completion of the transaction, the senior vice president now owns 64,131 shares in the company, valued at approximately $3,847,860. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Brandon J. Hofmeister sold 1,250 shares of the business’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $60.00, for a total transaction of $75,000.00. Following the completion of the transaction, the senior vice president now owns 64,131 shares in the company, valued at approximately $3,847,860. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Shaun M. Johnson sold 814 shares of the business’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $61.74, for a total value of $50,256.36. Following the transaction, the senior vice president now owns 57,304 shares of the company’s stock, valued at approximately $3,537,948.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,314 shares of company stock worth $200,256. 0.40% of the stock is currently owned by company insiders.

CMS Energy Company Profile

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CMS Energy Corp. engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment focuses on generation, purchase, distribution, and sale of electricity. The Gas Utility segment includes purchase, transmission, storage, distribution, and sale of natural gas.