CMS Energy Co. (NYSE:CMS) Shares Sold by US Bancorp DE

US Bancorp DE reduced its position in shares of CMS Energy Co. (NYSE:CMS) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 233,228 shares of the utilities provider’s stock after selling 5,262 shares during the period. US Bancorp DE owned 0.08% of CMS Energy worth $15,545,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in shares of CMS Energy by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after purchasing an additional 719,093 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of CMS Energy by 1.4% in the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock worth $528,713,000 after acquiring an additional 105,062 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of CMS Energy by 0.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider’s stock worth $152,267,000 after acquiring an additional 18,403 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of CMS Energy by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock worth $128,715,000 after acquiring an additional 25,196 shares during the last quarter. Finally, Truist Financial Corp boosted its position in shares of CMS Energy by 10.0% in the fourth quarter. Truist Financial Corp now owns 1,621,562 shares of the utilities provider’s stock worth $108,077,000 after acquiring an additional 147,540 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Trading Up 1.4 %

CMS opened at $74.06 on Tuesday. The firm has a market capitalization of $22.13 billion, a P/E ratio of 22.31, a P/E/G ratio of 2.56 and a beta of 0.42. The firm’s 50 day moving average is $68.01 and its 200-day moving average is $68.59. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $74.19. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80.

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

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were paid a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.93%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio (DPR) is currently 65.36%.

Analysts Set New Price Targets

Several research firms recently issued reports on CMS. Guggenheim reissued a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Scotiabank raised their target price on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley cut their price target on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and a consensus price target of $71.69.

Insider Activity

In related news, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the sale, the director now owns 144,059 shares in the company, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the sale, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,950 shares of company stock worth $2,669,620 over the last 90 days. Company insiders own 0.40% of the company’s stock.

About CMS Energy

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.