Truist Financial Corp Purchases 147,540 Shares of CMS Energy Co. (NYSE:CMS)

Truist Financial Corp boosted its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,621,562 shares of the utilities provider's stock after purchasing an additional 147,540 shares during the quarter. Truist Financial Corp owned about 0.54% of CMS Energy worth $108,077,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Voisard Asset Management Group Inc. boosted its position in shares of CMS Energy by 25.7% in the third 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 period. Pallas Capital Advisors LLC grew its holdings in shares of CMS Energy by 4.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider's stock worth $297,000 after purchasing an additional 173 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of CMS Energy by 5.4% during the third quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider's stock worth $256,000 after purchasing an additional 187 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its holdings in CMS Energy by 1.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider's stock valued at $1,107,000 after acquiring an additional 200 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in CMS Energy by 25.6% in the third quarter. Private Trust Co. NA now owns 982 shares of the utilities provider's stock valued at $69,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Insider Buying and Selling at CMS Energy

In other news, Director John G. Russell sold 28,750 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $9,486,285.15. This trade represents a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the chief accounting officer now owns 21,643 shares in the company, valued at $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,450 shares of company stock valued at $2,495,020. Company insiders own 0.40% of the company's stock.

CMS Energy Stock Up 0.9 %

Shares of NYSE CMS traded up $0.61 during trading on Thursday, hitting $70.76. The stock had a trading volume of 2,145,260 shares, compared to its average volume of 2,198,893. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The firm has a fifty day moving average of $67.07 and a two-hundred day moving average of $68.18. CMS Energy Co. has a 12 month low of $56.31 and a 12 month high of $72.40. The company has a market capitalization of $21.14 billion, a PE ratio of 21.31, a PEG ratio of 2.52 and a beta of 0.42.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, equities research analysts forecast that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.07%. This is a boost from CMS Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 14th. CMS Energy's payout ratio is presently 65.36%.

Analyst Ratings Changes

CMS has been the topic of several analyst reports. Morgan Stanley reduced their target price on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Jefferies Financial Group initiated coverage on CMS Energy in a report on Tuesday, November 5th. They set a "buy" rating and a $76.00 price target on the stock. Scotiabank increased their price target on CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. StockNews.com upgraded CMS Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Guggenheim restated a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.69.

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.