M&T Bank Corp Lowers Holdings in CMS Energy Co. (NYSE:CMS)

M&T Bank Corp trimmed its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 owned approximately 0.15% of CMS Energy worth $25,678,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMS. Invesco Ltd. raised its stake in shares of CMS Energy by 7.3% during the 3rd quarter. Invesco Ltd. now owns 4,663,108 shares of the utilities provider's stock valued at $247,658,000 after purchasing an additional 317,682 shares during the period. abrdn plc lifted its holdings in shares of CMS Energy by 1.9% in the third quarter. abrdn plc now owns 3,144,280 shares of the utilities provider's stock worth $166,993,000 after buying an additional 58,405 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of CMS Energy by 23.0% in the third 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 during the period. California Public Employees Retirement System grew its stake in CMS Energy by 1.5% during the third quarter. California Public Employees Retirement System now owns 1,833,803 shares of the utilities provider's stock valued at $97,393,000 after acquiring an additional 27,644 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in CMS Energy by 6,027.8% during the 3rd quarter. American Century Companies Inc. now owns 1,740,776 shares of the utilities provider's stock worth $92,453,000 after acquiring an additional 1,712,368 shares during the period. Institutional investors own 93.57% of the company's stock.

Insider Activity at CMS Energy

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

CMS Energy Stock Up 0.5 %

Shares of NYSE CMS traded up $0.29 during mid-day trading on Friday, hitting $61.56. 1,543,322 shares of the stock traded hands, compared to its average volume of 2,744,690. The stock has a fifty day moving average price of $59.11 and a 200-day moving average price of $57.67. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.05 and a current ratio of 1.35. The company has a market cap of $18.38 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 2.49 and a beta of 0.37. CMS Energy Co. has a 52 week low of $49.87 and a 52 week high of $63.76.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.05. The company had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.32 billion. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. CMS Energy's revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 EPS. Research analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Tuesday, May 14th. This represents a $2.06 annualized dividend and a dividend yield of 3.35%. CMS Energy's payout ratio is 62.80%.

Analysts Set New Price Targets

CMS has been the subject of a number of recent analyst reports. KeyCorp boosted their price target on shares of CMS Energy from $65.00 to $66.00 and gave the company an "overweight" rating in a research report 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 report on Monday, April 22nd. BMO Capital Markets boosted their price objective on CMS Energy from $67.00 to $68.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Barclays raised their target price on shares of CMS Energy from $57.00 to $59.00 and gave the company an "equal weight" rating in a research note on Tuesday. Finally, UBS Group cut shares of CMS Energy from a "buy" rating to a "neutral" rating and set a $65.00 price target for the company. in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, CMS Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.50.

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.