First Citizens Bank & Trust Co. Has $5.98 Million Holdings in CMS Energy Corporation $CMS

Key Points

• First Citizens Bank & Trust Co. increased its holdings in CMS Energy Corporation by 35.7%, owning 86,324 shares valued at approximately $5.98 million.
• CMS Energy's stock has received a mix of ratings from analysts, with a current average rating of "Moderate Buy" and an average target price of $78.82.
• The company recently declared a quarterly dividend of $0.5425 per share, with an annual yield of 2.9% and a payout ratio of 64.20%.

First Citizens Bank & Trust Co. lifted its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 35.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,324 shares of the utilities provider's stock after acquiring an additional 22,695 shares during the period. First Citizens Bank & Trust Co.'s holdings in CMS Energy were worth $5,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Sigma Planning Corp grew its position in CMS Energy by 0.4% during the first quarter. Sigma Planning Corp now owns 32,045 shares of the utilities provider's stock valued at $2,407,000 after buying an additional 142 shares during the period. Sage Mountain Advisors LLC increased its holdings in shares of CMS Energy by 4.5% in the first quarter. Sage Mountain Advisors LLC now owns 3,360 shares of the utilities provider's stock worth $252,000 after purchasing an additional 144 shares during the period. Sumitomo Life Insurance Co. boosted its position in shares of CMS Energy by 1.3% during the 1st quarter. Sumitomo Life Insurance Co. now owns 11,233 shares of the utilities provider's stock valued at $844,000 after acquiring an additional 146 shares during the last quarter. Spire Wealth Management grew its stake in CMS Energy by 6.4% in the 1st quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider's stock worth $191,000 after buying an additional 154 shares in the last quarter. Finally, Nicholson Wealth Management Group LLC boosted its holdings in shares of CMS Energy by 0.7% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 23,495 shares of the utilities provider's stock worth $1,628,000 after purchasing an additional 158 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of CMS Energy from a "sell" rating to a "hold" rating in a report on Saturday, October 18th. Wolfe Research restated a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Weiss Ratings reiterated a "buy (b-)" rating on shares of CMS Energy in a research report on Wednesday, October 8th. KeyCorp increased their price objective on shares of CMS Energy from $76.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, October 15th. Finally, Morgan Stanley boosted their target price on shares of CMS Energy from $71.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $78.82.

Insider Buying and Selling at CMS Energy

In related news, SVP Lauren Y. Snyder sold 2,220 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $71.26, for a total value of $158,197.20. Following the completion of the transaction, the senior vice president directly owned 13,512 shares in the company, valued at $962,865.12. The trade was a 14.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $73.62, for a total transaction of $147,240.00. Following the sale, the senior vice president owned 68,036 shares in the company, valued at approximately $5,008,810.32. This represents a 2.86% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

CMS Energy Price Performance

NYSE CMS opened at $75.51 on Thursday. The firm's 50 day moving average price is $72.35 and its 200-day moving average price is $71.68. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. The company has a market cap of $22.60 billion, a PE ratio of 22.34, a P/E/G ratio of 2.84 and a beta of 0.40. CMS Energy Corporation has a 52-week low of $63.97 and a 52-week 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 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the company posted $0.66 earnings per share. The firm's revenue was up 14.4% on a year-over-year basis. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Sell-side analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be paid a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, November 7th. CMS Energy's payout ratio is presently 64.20%.

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.

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