First American Trust FSB Has $10.64 Million Stock Position in CMS Energy Co. (NYSE:CMS)

First American Trust FSB lessened its holdings in CMS Energy Co. (NYSE:CMS) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 159,595 shares of the utilities provider’s stock after selling 1,261 shares during the period. CMS Energy accounts for about 1.1% of First American Trust FSB’s investment portfolio, making the stock its 27th biggest holding. First American Trust FSB owned approximately 0.05% of CMS Energy worth $10,637,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of CMS Energy by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider’s stock worth $2,544,370,000 after acquiring an additional 316,011 shares in the last quarter. Geode Capital Management LLC boosted its position in CMS Energy by 1.4% during the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock worth $528,713,000 after purchasing an additional 105,062 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in CMS Energy by 0.9% during 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 valued at $152,267,000 after purchasing an additional 18,403 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in CMS Energy by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,879,271 shares of the utilities provider’s stock valued at $125,253,000 after purchasing an additional 56,882 shares during the last quarter. Finally, Truist Financial Corp raised 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 valued at $108,077,000 after purchasing an additional 147,540 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Buying and Selling at CMS Energy

In other news, Director Laura Wright sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total value of $174,600.00. Following the transaction, the director now directly owns 38,790 shares of the company’s stock, valued at $2,709,093.60. The trade was a 6.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the sale, the senior vice president now directly owns 71,931 shares of the company’s stock, valued at $5,306,349.87. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,200 shares of company stock worth $789,532 over the last three months. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

CMS has been the subject of a number of analyst reports. Guggenheim restated a “neutral” rating and issued a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. Bank of America upped their price target on shares of CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a report on Monday. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. UBS Group raised their target price on CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a report on Friday. Finally, BMO Capital Markets upped their price target on CMS Energy from $73.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, CMS Energy has an average rating of “Moderate Buy” and an average target price of $75.36.

CMS Energy Trading Down 0.5 %

Shares of CMS Energy stock opened at $73.17 on Tuesday. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $75.06. The firm has a market capitalization of $21.86 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The company’s fifty day moving average price is $69.98 and its two-hundred day moving average price is $69.15.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results 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%. On average, analysts expect that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were paid a $0.5425 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.17 annualized dividend and a yield of 2.97%. CMS Energy’s 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.