First American Trust FSB Cuts Stake in CMS Energy Co. (NYSE:CMS)

First American Trust FSB trimmed its position in shares of CMS Energy Co. (NYSE:CMS) by 1.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 153,152 shares of the utilities provider’s stock after selling 2,350 shares during the quarter. CMS Energy comprises about 1.1% of First American Trust FSB’s holdings, making the stock its 28th biggest holding. First American Trust FSB owned 0.05% of CMS Energy worth $8,894,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System purchased a new stake in CMS Energy during the 4th quarter valued at about $1,022,000. Aquila Investment Management LLC bought a new position in CMS Energy during the 4th quarter valued at about $581,000. Cerity Partners LLC lifted its stake in CMS Energy by 86.8% during the 4th quarter. Cerity Partners LLC now owns 8,126 shares of the utilities provider’s stock valued at $472,000 after acquiring an additional 3,775 shares during the period. Sequoia Financial Advisors LLC lifted its stake in CMS Energy by 103.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 8,119 shares of the utilities provider’s stock valued at $471,000 after acquiring an additional 4,119 shares during the period. Finally, Tobam lifted its stake in CMS Energy by 2,432.3% during the 4th quarter. Tobam now owns 785 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 754 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of CMS Energy stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the completion of the sale, the senior vice president now directly owns 68,971 shares in the company, valued at $3,985,144.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is currently owned by insiders.

CMS Energy Price Performance

CMS traded down $0.05 during trading on Monday, reaching $57.61. 2,248,364 shares of the company traded hands, compared to its average volume of 2,445,740. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 0.98. CMS Energy Co. has a 12-month low of $49.87 and a 12-month high of $63.76. The firm has a fifty day simple moving average of $58.26 and a 200 day simple moving average of $57.02. The company has a market cap of $17.20 billion, a P/E ratio of 19.13, a PEG ratio of 2.23 and a beta of 0.38.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the firm posted $0.60 EPS. The company’s revenue was down 14.4% on a year-over-year basis. On average, equities analysts forecast that CMS Energy Co. will post 3.34 EPS for the current year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Monday, February 12th were issued a dividend of $0.515 per share. This is a positive change from CMS Energy’s previous quarterly dividend of $0.49. This represents a $2.06 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Friday, February 9th. CMS Energy’s dividend payout ratio (DPR) is 68.44%.

Analyst Ratings Changes

Several research firms have issued reports on CMS. Barclays lowered their target price on shares of CMS Energy from $58.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Monday. Seaport Res Ptn cut shares of CMS Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Guggenheim upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $64.00 in a research note on Friday, February 2nd. KeyCorp increased their price objective on shares of CMS Energy from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Finally, BMO Capital Markets lowered their price objective on shares of CMS Energy from $65.00 to $63.00 and set an “outperform” rating on the stock in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and an average price target of $62.55.

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.