US Bancorp DE Trims Stock Holdings in CMS Energy Co. (NYSE:CMS)

US Bancorp DE decreased its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 233,228 shares of the utilities provider's stock after selling 5,262 shares during the period. US Bancorp DE owned approximately 0.08% of CMS Energy worth $15,545,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CMS. Massachusetts Financial Services Co. MA boosted its position in CMS Energy by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider's stock valued at $537,503,000 after buying an additional 719,093 shares during the period. Geode Capital Management LLC boosted its holdings in shares of CMS Energy by 1.4% during the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider's stock worth $528,713,000 after purchasing an additional 105,062 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of CMS Energy by 0.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider's stock worth $152,267,000 after purchasing an additional 18,403 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of CMS Energy by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider's stock worth $128,715,000 after purchasing an additional 25,196 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in CMS Energy by 10.0% during the 4th quarter. Truist Financial Corp now owns 1,621,562 shares of the utilities provider's stock valued at $108,077,000 after purchasing an additional 147,540 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CMS shares. Morgan Stanley cut their price objective on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Guggenheim reiterated a "neutral" rating and issued a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Scotiabank lifted their target price 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. Finally, StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, CMS Energy has an average rating of "Moderate Buy" and a consensus price target of $72.42.

CMS Energy Stock Up 2.1 %

Shares of CMS Energy stock traded up $1.48 during midday trading on Friday, hitting $73.12. The company had a trading volume of 3,049,151 shares, compared to its average volume of 2,283,883. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $75.06. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The stock has a market capitalization of $21.85 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.56 and a beta of 0.42. The company has a 50 day moving average of $68.34 and a 200 day moving average of $68.68.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results 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 return on equity of 12.02% and a net margin of 13.35%. On average, equities analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were paid a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from CMS Energy's previous quarterly dividend of $0.52. CMS Energy's dividend payout ratio is currently 65.36%.

Insider Activity

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the transaction, the chief accounting officer now owns 21,643 shares of the company's stock, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the sale, the senior vice president now owns 71,931 shares in the company, valued at $5,306,349.87. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,950 shares of company stock worth $2,817,160 over the last 90 days. 0.40% of the stock is currently owned by insiders.

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.