CMS Energy Co. (NYSE:CMS) Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. reduced its stake in shares of CMS Energy Co. (NYSE:CMS) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,936 shares of the utilities provider’s stock after selling 1,761 shares during the period. First Citizens Bank & Trust Co.’s holdings in CMS Energy were worth $3,928,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. raised its holdings in CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 275 shares during the last quarter. Brooklyn Investment Group acquired a new position in CMS Energy in the 3rd quarter valued at $40,000. Covestor Ltd raised its holdings in CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 472 shares during the last quarter. Values First Advisors Inc. acquired a new position in CMS Energy in the 3rd quarter valued at $56,000. Finally, Voisard Asset Management Group Inc. raised its holdings in CMS Energy by 25.7% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 163 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CMS. Mizuho downgraded CMS Energy from an “outperform” rating to a “neutral” rating and cut their price target for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. Jefferies Financial Group started coverage on CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target for the company. Scotiabank boosted their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Barclays boosted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Finally, BMO Capital Markets lowered their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.00.

CMS Energy Stock Down 0.2 %

Shares of CMS Energy stock opened at $65.75 on Friday. The company has a fifty day moving average price of $67.33 and a 200 day moving average price of $67.43. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40. The stock has a market cap of $19.64 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 2.46 and a beta of 0.42.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 EPS. Equities research analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, Director John G. Russell sold 28,750 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the transaction, the director now directly owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This represents a 16.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the completion of the sale, the senior vice president now owns 64,771 shares in the company, valued at approximately $4,415,439.07. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,686 shares of company stock valued at $2,228,084 in the last ninety days. Insiders own 0.40% of the company’s stock.

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.