CMS Energy Corporation $CMS Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. trimmed its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 96.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,479 shares of the utilities provider’s stock after selling 82,845 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in CMS Energy were worth $255,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. HM Payson & Co. raised its position in CMS Energy by 65.6% during the third quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 141 shares during the period. First Horizon Corp purchased a new stake in shares of CMS Energy during the third quarter worth about $26,000. Covestor Ltd raised its position in shares of CMS Energy by 52.0% during the 3rd quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 145 shares during the last quarter. Trust Co. of Vermont lifted its stake in CMS Energy by 127.7% in the 2nd quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider’s stock valued at $37,000 after buying an additional 300 shares in the last quarter. Finally, Tobam boosted its holdings in CMS Energy by 35.0% in the 2nd quarter. Tobam now owns 559 shares of the utilities provider’s stock worth $39,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Performance

CMS Energy stock opened at $71.85 on Thursday. The firm has a 50 day simple moving average of $71.21 and a 200-day simple moving average of $72.20. The stock has a market cap of $21.86 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 2.56 and a beta of 0.49. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.90 and a quick ratio of 0.60. CMS Energy Corporation has a 1-year low of $65.17 and a 1-year high of $76.45.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.83 billion. CMS Energy had a return on equity of 12.10% and a net margin of 12.62%.The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 earnings per share. On average, analysts expect that CMS Energy Corporation will post 3.59 EPS for the current year.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 4,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $72.47, for a total value of $289,880.00. Following the transaction, the senior vice president owned 64,259 shares of the company’s stock, valued at $4,656,849.73. This represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CMS. Jefferies Financial Group increased their target price on CMS Energy from $79.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on CMS Energy from $80.00 to $81.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. KeyCorp lifted their target price on shares of CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Wall Street Zen cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Finally, Barclays lowered their price target on shares of CMS Energy from $82.00 to $74.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $77.25.

About CMS Energy

CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.

Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.