Keybank National Association OH Sells 13,321 Shares of CMS Energy Corporation (NYSE:CMS)

Keybank National Association OH decreased its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 5.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 221,545 shares of the utilities provider's stock after selling 13,321 shares during the quarter. Keybank National Association OH owned approximately 0.07% of CMS Energy worth $16,640,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CMS. Price T Rowe Associates Inc. MD lifted its stake in shares of CMS Energy by 32.4% during 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 buying an additional 3,486,074 shares in the last quarter. Norges Bank purchased a new position in shares of CMS Energy during the 4th quarter valued at $171,798,000. Massachusetts Financial Services Co. MA lifted its stake 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 worth $649,264,000 after purchasing an additional 2,131,269 shares in the last quarter. Zimmer Partners LP purchased a new stake in CMS Energy in the 4th quarter worth $89,173,000. Finally, GAMMA Investing LLC lifted its stake in 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 worth $76,110,000 after purchasing an additional 1,001,838 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Bank of America boosted their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. Scotiabank reiterated an "outperform" rating and issued a $81.00 price target (up previously from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. BMO Capital Markets boosted their price target on shares of CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Finally, Wall Street Zen upgraded shares of CMS Energy from a "sell" rating to a "hold" rating in a research note on Saturday. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $77.00.

Insider Buying and Selling

In related 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 transaction of $161,794.78. Following the transaction, the senior vice president directly owned 69,571 shares in the company, valued at approximately $5,121,121.31. This represents a 3.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.49% of the company's stock.

CMS Energy Price Performance

Shares of NYSE CMS traded up $0.75 during mid-day trading on Friday, hitting $70.44. 1,413,304 shares of the company's stock traded hands, compared to its average volume of 2,324,576. The company's 50-day moving average is $70.52 and its two-hundred day moving average is $70.22. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.06 and a quick ratio of 0.84. The company has a market capitalization of $21.07 billion, a P/E ratio of 20.90, a PEG ratio of 2.51 and a beta of 0.38. CMS Energy Corporation has a 1 year low of $58.50 and a 1 year high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. The business's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 earnings per share. On average, equities analysts anticipate 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 was paid on Friday, May 30th. Investors of record on Friday, May 9th were issued a dividend of $0.5425 per share. The ex-dividend date was Friday, May 9th. This represents a $2.17 annualized dividend and a yield of 3.08%. CMS Energy's payout ratio is 64.39%.

CMS Energy Company 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.