Moody National Bank Trust Division Acquires 472 Shares of CMS Energy Co. (NYSE:CMS)

Moody National Bank Trust Division grew its holdings in shares of CMS Energy Co. (NYSE:CMSGet Rating) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,440 shares of the utilities provider’s stock after acquiring an additional 472 shares during the quarter. Moody National Bank Trust Division’s holdings in CMS Energy were worth $1,041,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CMS. AMI Investment Management Inc. bought a new stake in shares of CMS Energy during the 1st quarter valued at about $203,000. Cetera Advisor Networks LLC lifted its position in CMS Energy by 15.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 4,179 shares of the utilities provider’s stock worth $292,000 after buying an additional 555 shares during the last quarter. Cibc World Market Inc. bought a new stake in CMS Energy in the first quarter valued at approximately $3,914,000. Dimensional Fund Advisors LP lifted its position in CMS Energy by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 982,606 shares of the utilities provider’s stock valued at $68,724,000 after purchasing an additional 56,659 shares during the last quarter. Finally, Blair William & Co. IL lifted its position in CMS Energy by 2.6% in the first quarter. Blair William & Co. IL now owns 6,561 shares of the utilities provider’s stock valued at $459,000 after purchasing an additional 168 shares during the last quarter. Institutional investors own 92.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on CMS shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $71.00 price objective on shares of CMS Energy in a research report on Wednesday, February 8th. Wells Fargo & Company reduced their target price on CMS Energy from $74.00 to $73.00 and set an “overweight” rating on the stock in a research note on Friday, February 3rd. BMO Capital Markets reduced their target price on CMS Energy from $70.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 14th. StockNews.com assumed coverage on CMS Energy in a research note on Thursday. They set a “sell” rating on the stock. Finally, Morgan Stanley reduced their target price on CMS Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $67.20.

CMS Energy Price Performance

Shares of CMS stock opened at $61.34 on Friday. The stock has a market cap of $17.89 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 2.48 and a beta of 0.34. The business’s fifty day moving average is $61.55 and its 200 day moving average is $61.33. CMS Energy Co. has a twelve month low of $52.41 and a twelve month high of $73.76. The company has a quick ratio of 0.78, a current ratio of 1.15 and a debt-to-equity ratio of 1.79.

CMS Energy (NYSE:CMSGet Rating) last issued its quarterly earnings results on Thursday, February 2nd. The utilities provider reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.05 billion. CMS Energy had a return on equity of 11.57% and a net margin of 9.74%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share. Research analysts expect that CMS Energy Co. will post 3.11 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Monday, February 13th were paid a $0.4875 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.46. This represents a $1.95 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Friday, February 10th. CMS Energy’s dividend payout ratio is currently 68.42%.

Insider Transactions at CMS Energy

In other news, SVP Brian F. Rich sold 4,000 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $61.72, for a total value of $246,880.00. Following the sale, the senior vice president now directly owns 91,927 shares of the company’s stock, valued at $5,673,734.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Brian F. Rich sold 4,000 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $61.72, for a total value of $246,880.00. Following the sale, the senior vice president now directly owns 91,927 shares of the company’s stock, valued at $5,673,734.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 1,250 shares of the stock in a transaction on Monday, March 13th. The stock was sold at an average price of $60.00, for a total value of $75,000.00. Following the completion of the sale, the senior vice president now directly owns 62,881 shares in the company, valued at $3,772,860. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,314 shares of company stock valued at $447,136. Insiders own 0.40% of the company’s stock.

CMS Energy Profile

(Get Rating)

CMS Energy Corp. engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment focuses on generation, purchase, distribution, and sale of electricity. The Gas Utility segment includes purchase, transmission, storage, distribution, and sale of natural gas.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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