CMS Energy Co. (NYSE:CMS) Shares Acquired by M&T Bank Corp

M&T Bank Corp lifted its stake in shares of CMS Energy Co. (NYSE:CMS) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 483,215 shares of the utilities provider’s stock after purchasing an additional 3,497 shares during the quarter. M&T Bank Corp owned about 0.16% of CMS Energy worth $34,130,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. First Horizon Advisors Inc. raised its position 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 buying an additional 275 shares during the last quarter. Brooklyn Investment Group purchased a new position in CMS Energy during the third quarter worth about $40,000. Covestor Ltd lifted its position in CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 472 shares during the period. TruNorth Capital Management LLC boosted its holdings in CMS Energy by 431.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 578 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in CMS Energy during the 2nd quarter worth approximately $43,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the sale, the senior vice president now directly owns 64,771 shares of the company’s stock, valued at approximately $4,415,439.07. This trade represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the transaction, the chief accounting officer now directly 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 disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

CMS Energy Stock Performance

NYSE CMS opened at $67.66 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The stock has a market cap of $20.21 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 2.68 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 business has a fifty day moving average of $69.44 and a 200-day moving average of $66.00.

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

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.515 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Wednesday, November 13th. CMS Energy’s payout ratio is presently 58.86%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Scotiabank lifted their price target on CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. StockNews.com lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Thursday, November 28th. Bank of America increased their price target on shares of CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Barclays boosted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group assumed coverage on shares of CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and an average price target of $70.21.

CMS Energy Company Profile

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.