First American Trust FSB Sells 31,952 Shares of CMS Energy Corporation (NYSE:CMS)

Key Points

• First American Trust FSB reduced its stake in CMS Energy Corporation by 20%, owning 127,643 shares valued at approximately $9.59 million as of its latest SEC filing.
• CMS Energy's stock has seen several price target increases from analysts, with Jefferies Financial Group raising it from $77.00 to $83.00 and maintaining a "buy" rating.
• The company reported a quarterly earnings per share of $0.71, exceeding the consensus estimate of $0.67, with a 14.4% increase in revenue compared to the previous year.

First American Trust FSB lowered its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 20.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,643 shares of the utilities provider's stock after selling 31,952 shares during the quarter. First American Trust FSB's holdings in CMS Energy were worth $9,587,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CMS. Price T Rowe Associates Inc. MD boosted its position in CMS Energy by 32.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock valued at $950,227,000 after acquiring an additional 3,486,074 shares during the last quarter. Nuveen LLC bought a new stake in shares of CMS Energy in the 1st quarter valued at $106,745,000. Zimmer Partners LP bought a new stake in shares of CMS Energy in the 4th quarter valued at $89,173,000. GAMMA Investing LLC increased its stake in shares of CMS Energy by 8,733.7% in the 1st quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider's stock valued at $76,110,000 after acquiring an additional 1,001,838 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of CMS Energy in the 1st quarter valued at $41,611,000. Institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

NYSE CMS traded down $0.82 during trading on Thursday, reaching $72.64. The company's stock had a trading volume of 1,444,430 shares, compared to its average volume of 2,480,626. The stock has a market capitalization of $21.74 billion, a PE ratio of 21.49, a P/E/G ratio of 2.71 and a beta of 0.36. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. The firm has a fifty day moving average of $71.09 and a 200 day moving average of $71.30. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the company earned $0.66 EPS. The company's quarterly revenue was up 14.4% compared to the same quarter last year. Analysts expect that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.17 annualized dividend and a yield of 3.0%. CMS Energy's payout ratio is 64.20%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CMS shares. BMO Capital Markets lifted their price target on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Scotiabank reaffirmed an "outperform" rating and issued a $81.00 price target (up from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. Jefferies Financial Group lifted their price target on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Finally, Barclays raised their price objective on shares of CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, CMS Energy currently has an average rating of "Hold" and an average target price of $77.25.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $73.62, for a total transaction of $147,240.00. Following the transaction, the senior vice president directly owned 68,036 shares in the company, valued at approximately $5,008,810.32. This represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by company insiders.

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.