First American Trust FSB Sells 1,261 Shares of CMS Energy Co. (NYSE:CMS)

First American Trust FSB lessened its stake in CMS Energy Co. (NYSE:CMS) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,595 shares of the utilities provider’s stock after selling 1,261 shares during the period. CMS Energy accounts for 1.1% of First American Trust FSB’s portfolio, making the stock its 27th largest holding. First American Trust FSB’s holdings in CMS Energy were worth $10,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC lifted its stake in shares of CMS Energy by 11.5% during the third quarter. Empowered Funds LLC now owns 5,028 shares of the utilities provider’s stock valued at $355,000 after acquiring an additional 517 shares during the period. First Horizon Advisors Inc. raised its holdings in CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 275 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of CMS Energy by 1.4% in the 3rd 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 last quarter. Raymond James Trust N.A. boosted its stake in shares of CMS Energy by 43.0% in the 3rd quarter. Raymond James Trust N.A. now owns 6,448 shares of the utilities provider’s stock valued at $455,000 after purchasing an additional 1,940 shares during the last quarter. Finally, Cerity Partners LLC grew its position in shares of CMS Energy by 35.5% during the 3rd quarter. Cerity Partners LLC now owns 26,566 shares of the utilities provider’s stock worth $1,876,000 after buying an additional 6,959 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Bank of America raised their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a research note on Monday. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. UBS Group increased their target price on CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Guggenheim reiterated a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and a consensus price target of $75.36.

Insider Buying and Selling

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at $1,509,815.68. This represents a 23.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the sale, the senior vice president now directly owns 71,931 shares in the company, valued at approximately $5,306,349.87. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,200 shares of company stock worth $789,532. 0.40% of the stock is owned by corporate insiders.

CMS Energy Price Performance

NYSE CMS opened at $73.17 on Tuesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The stock has a market cap of $21.86 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 2.56 and a beta of 0.35. The business has a 50 day simple moving average of $69.98 and a 200 day simple moving average of $69.15. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $75.06.

CMS Energy (NYSE:CMS) last issued 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%. Analysts anticipate that CMS Energy Co. will post 3.59 earnings per share 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 given a dividend of $0.5425 per share. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Friday, February 14th. CMS Energy’s dividend payout ratio is currently 65.36%.

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.