First Citizens Bank & Trust Co. Raises Stock Position in CMS Energy Co. (NYSE:CMS)

First Citizens Bank & Trust Co. boosted its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,629 shares of the utilities provider's stock after purchasing an additional 4,693 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in CMS Energy were worth $4,779,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in CMS Energy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider's stock valued at $2,544,370,000 after purchasing an additional 316,011 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in CMS Energy by 32.4% in the 4th 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 purchasing an additional 3,486,074 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in CMS Energy by 28.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock valued at $649,264,000 after purchasing an additional 2,131,269 shares during the last quarter. Geode Capital Management LLC raised its position in CMS Energy by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider's stock valued at $505,869,000 after purchasing an additional 98,910 shares during the last quarter. Finally, Northern Trust Corp raised its position in CMS Energy by 11.6% in the 4th quarter. Northern Trust Corp now owns 2,986,489 shares of the utilities provider's stock valued at $199,049,000 after purchasing an additional 311,489 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CMS shares. BMO Capital Markets upped their price target on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Bank of America boosted their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Wells Fargo & Company boosted their price objective on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Morgan Stanley set a $71.00 price objective on shares of CMS Energy and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Finally, Jefferies Financial Group boosted their price objective 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $77.00.

CMS Energy Price Performance

Shares of NYSE CMS opened at $69.95 on Monday. The stock has a market cap of $20.92 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 2.56 and a beta of 0.39. CMS Energy Co. has a 52 week low of $58.50 and a 52 week high of $76.45. The company's 50-day moving average price is $71.67 and its 200 day moving average price is $70.03. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. CMS Energy's revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. As a group, research analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were paid a $0.5425 dividend. The ex-dividend date was Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a yield of 3.10%. CMS Energy's payout ratio is 64.39%.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total value of $161,794.78. Following the transaction, the senior vice president now directly owns 69,571 shares in the company, valued at approximately $5,121,121.31. This represents a 3.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is owned by corporate insiders.

About CMS Energy

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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