Keybank National Association OH Has $15.65 Million Position in CMS Energy Co. (NYSE:CMS)

Keybank National Association OH cut its holdings in CMS Energy Co. (NYSE:CMS) by 1.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 234,866 shares of the utilities provider’s stock after selling 2,395 shares during the quarter. Keybank National Association OH owned about 0.08% of CMS Energy worth $15,654,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Farther Finance Advisors LLC raised its stake in shares of CMS Energy by 32.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,424 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 348 shares during the period. Van ECK Associates Corp raised its position in CMS Energy by 3.4% in the 3rd quarter. Van ECK Associates Corp now owns 82,429 shares of the utilities provider’s stock valued at $5,943,000 after buying an additional 2,675 shares during the last quarter. Intact Investment Management Inc. acquired a new stake in CMS Energy in the 3rd quarter valued at approximately $5,153,000. Asset Management One Co. Ltd. lifted its stake in CMS Energy by 2.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 174,849 shares of the utilities provider’s stock valued at $12,350,000 after acquiring an additional 4,432 shares in the last quarter. Finally, Crestwood Advisors Group LLC grew its stake in shares of CMS Energy by 6.4% during the 3rd quarter. Crestwood Advisors Group LLC now owns 4,347 shares of the utilities provider’s stock worth $307,000 after acquiring an additional 260 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

CMS Energy Stock Down 1.6 %

CMS stock opened at $72.90 on Wednesday. The business’s 50 day simple moving average is $68.13 and its 200 day simple moving average is $68.63. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $75.06. The firm has a market capitalization of $21.78 billion, a PE ratio of 21.96, a PEG ratio of 2.56 and a beta of 0.42. 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) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. As a group, research analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were issued a dividend of $0.5425 per share. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 2.98%. The ex-dividend date was Friday, February 14th. CMS Energy’s dividend payout ratio (DPR) is presently 65.36%.

Insiders Place Their Bets

In related news, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the sale, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Friday, December 13th. The shares were sold at an average price of $67.22, for a total value of $134,440.00. Following the completion of the transaction, the senior vice president now directly owns 63,197 shares of the company’s stock, valued at $4,248,102.34. This represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,950 shares of company stock worth $2,669,620 in the last 90 days. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CMS shares. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Morgan Stanley reduced their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Jefferies Financial Group began coverage on CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target for the company. Finally, Guggenheim reiterated a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $72.42.

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.