CMS Energy Co. (NYSE:CMS) Shares Purchased by Private Trust Co. NA

Private Trust Co. NA grew its stake in shares of CMS Energy Co. (NYSE:CMS) by 25.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 982 shares of the utilities provider’s stock after purchasing an additional 200 shares during the quarter. Private Trust Co. NA’s holdings in CMS Energy were worth $69,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in 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 acquiring an additional 719,093 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of CMS Energy by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock valued at $128,715,000 after purchasing an additional 25,196 shares during the period. iA Global Asset Management Inc. lifted its position in shares of CMS Energy by 105.9% during the second quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock worth $92,623,000 after purchasing an additional 800,344 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of CMS Energy by 22.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock worth $76,292,000 after purchasing an additional 233,633 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in CMS Energy by 310.2% during the 3rd quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock valued at $79,519,000 after purchasing an additional 851,364 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling at CMS Energy

In related news, CAO Scott B. Mcintosh sold 936 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the sale, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at $1,672,564.50. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the transaction, the senior vice president now directly owns 64,771 shares of the company’s stock, valued at $4,415,439.07. The trade was a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $69.71 on Friday. The company has a market cap of $20.83 billion, a PE ratio of 19.92, a P/E/G ratio of 2.81 and a beta of 0.41. CMS Energy Co. has a fifty-two week low of $55.10 and a fifty-two week high of $72.40. The firm has a 50-day simple moving average of $69.74 and a 200 day simple moving average of $65.76. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. CMS Energy’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. On average, sell-side analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.515 dividend. The ex-dividend date was Wednesday, November 13th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 2.96%. CMS Energy’s dividend payout ratio (DPR) is currently 58.86%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective for the company. Morgan Stanley lowered their price objective on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Barclays upped their target price on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. KeyCorp increased their target price on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, Wells Fargo & Company lifted their price target on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.21.

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.