M&T Bank Corp Sells 19,733 Shares of CMS Energy Co. (NYSE:CMS)

M&T Bank Corp cut its position in shares of CMS Energy Co. (NYSE:CMS) by 4.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 442,186 shares of the utilities provider’s stock after selling 19,733 shares during the period. M&T Bank Corp’s holdings in CMS Energy were worth $25,678,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMS. American Century Companies Inc. raised its holdings in shares of CMS Energy by 6,027.8% in the third quarter. American Century Companies Inc. now owns 1,740,776 shares of the utilities provider’s stock valued at $92,453,000 after purchasing an additional 1,712,368 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of CMS Energy by 1,392.3% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 911,833 shares of the utilities provider’s stock valued at $52,561,000 after acquiring an additional 850,731 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of CMS Energy by 23.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,054,137 shares of the utilities provider’s stock valued at $162,205,000 after acquiring an additional 570,800 shares in the last quarter. FMR LLC increased its position in shares of CMS Energy by 172.0% in the third quarter. FMR LLC now owns 855,410 shares of the utilities provider’s stock valued at $45,431,000 after acquiring an additional 540,865 shares during the last quarter. Finally, Aviva PLC boosted its position in CMS Energy by 10,084.8% during the third quarter. Aviva PLC now owns 436,112 shares of the utilities provider’s stock valued at $23,162,000 after purchasing an additional 431,830 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CMS shares. Wolfe Research raised CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a report on Tuesday, January 16th. BMO Capital Markets boosted their price objective on shares of CMS Energy from $67.00 to $68.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. KeyCorp raised their target price on shares of CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Scotiabank lowered their price target on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. Finally, Seaport Res Ptn downgraded CMS Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and a consensus price target of $63.50.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the sale, the senior vice president now directly owns 68,971 shares in the company, valued at $3,985,144.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Brian F. Rich sold 2,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the completion of the transaction, the senior vice president now owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 3,500 shares of CMS Energy stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the sale, the senior vice president now directly owns 68,971 shares in the company, valued at $3,985,144.38. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

CMS Energy Stock Performance

CMS stock traded up $0.29 during trading hours on Friday, hitting $61.56. 1,543,322 shares of the stock were exchanged, compared to its average volume of 2,744,690. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.82. The company has a 50-day simple moving average of $59.03 and a two-hundred day simple moving average of $57.62. CMS Energy Co. has a 12 month low of $49.87 and a 12 month high of $63.76. The firm has a market capitalization of $18.38 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.49 and a beta of 0.37.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the firm posted $0.70 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Tuesday, May 14th. CMS Energy’s dividend payout ratio (DPR) is currently 62.80%.

CMS Energy 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.