Amalgamated Bank increased its position in shares of CMS Energy Corporation (NYSE:CMS) by 61.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,516 shares of the utilities provider’s stock after acquiring an additional 11,961 shares during the period. Amalgamated Bank’s holdings in CMS Energy Corporation were worth $1,458,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMS. BlackRock Inc. boosted its position in shares of CMS Energy Corporation by 2,081.4% during the 1st quarter. BlackRock Inc. now owns 22,879,645 shares of the utilities provider’s stock worth $1,023,636,000 after acquiring an additional 21,830,781 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of CMS Energy Corporation by 11.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock worth $961,152,000 after acquiring an additional 2,145,055 shares in the last quarter. Eaton Vance Management boosted its position in shares of CMS Energy Corporation by 339.0% during the 2nd quarter. Eaton Vance Management now owns 2,534,240 shares of the utilities provider’s stock worth $117,209,000 after acquiring an additional 1,957,005 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of CMS Energy Corporation by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 28,512,655 shares of the utilities provider’s stock worth $1,275,656,000 after acquiring an additional 1,065,859 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of CMS Energy Corporation by 1,171.6% during the 1st quarter. Renaissance Technologies LLC now owns 878,700 shares of the utilities provider’s stock worth $39,313,000 after acquiring an additional 809,600 shares in the last quarter. Institutional investors and hedge funds own 87.37% of the company’s stock.

Several analysts recently issued reports on the stock. Royal Bank Of Canada reiterated a “hold” rating and set a $46.00 price target on shares of CMS Energy Corporation in a research report on Monday, September 11th. Morgan Stanley increased their price target on shares of CMS Energy Corporation from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Guggenheim assumed coverage on shares of CMS Energy Corporation in a research report on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price target on the stock. KeyCorp reiterated a “buy” rating and set a $51.00 price target on shares of CMS Energy Corporation in a research report on Friday, September 1st. Finally, BidaskClub upgraded shares of CMS Energy Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. CMS Energy Corporation presently has a consensus rating of “Buy” and a consensus price target of $48.20.

ILLEGAL ACTIVITY WARNING: “Amalgamated Bank Has $1.46 Million Position in CMS Energy Corporation (CMS)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.dailypolitical.com/2017/09/22/amalgamated-bank-has-1-46-million-position-in-cms-energy-corporation-cms.html.

Shares of CMS Energy Corporation (NYSE:CMS) opened at 47.06 on Friday. The firm has a market cap of $13.25 billion, a price-to-earnings ratio of 23.77 and a beta of 0.17. CMS Energy Corporation has a 12 month low of $38.78 and a 12 month high of $49.11. The firm has a 50-day moving average of $47.93 and a 200-day moving average of $46.41.

CMS Energy Corporation (NYSE:CMS) last released its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.08). CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the firm earned $0.45 EPS. CMS Energy Corporation’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts anticipate that CMS Energy Corporation will post $2.17 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Friday, August 4th were paid a $0.3325 dividend. The ex-dividend date was Wednesday, August 2nd. This represents a $1.33 dividend on an annualized basis and a yield of 2.83%. CMS Energy Corporation’s dividend payout ratio is presently 66.83%.

In other news, insider Garrick J. Rochow sold 2,000 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $47.81, for a total value of $95,620.00. Following the completion of the sale, the insider now owns 64,307 shares of the company’s stock, valued at approximately $3,074,517.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brian F. Rich sold 3,500 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $48.26, for a total transaction of $168,910.00. Following the completion of the sale, the senior vice president now directly owns 44,835 shares of the company’s stock, valued at approximately $2,163,737.10. The disclosure for this sale can be found here. In the last three months, insiders sold 11,836 shares of company stock valued at $561,118. Corporate insiders own 0.65% of the company’s stock.

CMS Energy Corporation Profile

CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.

Institutional Ownership by Quarter for CMS Energy Corporation (NYSE:CMS)

Receive News & Ratings for CMS Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.