CMS Energy Co. (NYSE:CMS) Shares Acquired by First American Bank

First American Bank boosted its holdings in CMS Energy Co. (NYSE:CMS) by 2.1% in the 4th quarter, Holdings Channel reports. The firm owned 79,851 shares of the utilities provider’s stock after purchasing an additional 1,673 shares during the period. First American Bank’s holdings in CMS Energy were worth $5,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new position in CMS Energy in the 4th quarter valued at $4,938,000. Mn Services Vermogensbeheer B.V. boosted its position in shares of CMS Energy by 1.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 113,769 shares of the utilities provider’s stock worth $7,583,000 after buying an additional 1,900 shares in the last quarter. New York Life Investment Management LLC increased its stake in shares of CMS Energy by 0.8% during the 4th quarter. New York Life Investment Management LLC now owns 39,997 shares of the utilities provider’s stock worth $2,666,000 after purchasing an additional 302 shares in the last quarter. BankPlus Trust Department acquired a new position in shares of CMS Energy during the 4th quarter worth approximately $29,000. Finally, Crestwood Advisors Group LLC lifted its stake in CMS Energy by 25.4% in the 4th quarter. Crestwood Advisors Group LLC now owns 5,452 shares of the utilities provider’s stock valued at $363,000 after buying an additional 1,105 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Transactions at CMS Energy

In other news, Director Laura Wright sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the sale, the director now directly owns 38,790 shares in the company, valued at $2,709,093.60. This trade represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $67.22, for a total value of $134,440.00. Following the sale, the senior vice president now directly owns 63,197 shares in the company, valued at approximately $4,248,102.34. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,950 shares of company stock valued at $2,669,620 over the last quarter. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Guggenheim restated a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Morgan Stanley reduced their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Finally, BMO Capital Markets decreased their price objective on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $71.69.

CMS Energy Stock Performance

NYSE CMS opened at $72.43 on Friday. The business’s 50-day simple moving average is $67.73 and its 200-day simple moving average is $68.45. The firm has a market capitalization of $21.64 billion, a P/E ratio of 21.81, a P/E/G ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $73.37. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Equities analysts predict that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be given a $0.5425 dividend. The ex-dividend date is Friday, February 14th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 3.00%. CMS Energy’s dividend payout ratio (DPR) is 65.36%.

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.