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

M&T Bank Corp decreased its position in CMS Energy Co. (NYSE:CMS) by 4.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 442,186 shares of the utilities provider’s stock after selling 19,733 shares during the quarter. M&T Bank Corp owned about 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 institutional investors and hedge funds also recently added to or reduced their stakes in CMS. Headinvest LLC acquired a new position in shares of CMS Energy in the third quarter valued at approximately $26,000. Tobam lifted its stake in shares of CMS Energy by 2,432.3% during the 4th quarter. Tobam now owns 785 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 754 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of CMS Energy by 30.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 185 shares during the last quarter. CVA Family Office LLC purchased a new stake in shares of CMS Energy in the fourth quarter valued at $47,000. Finally, Quent Capital LLC increased its stake in CMS Energy by 63.8% in the fourth quarter. Quent Capital LLC now owns 829 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 323 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Stock Up 0.5 %

CMS traded up $0.29 during trading hours on Friday, reaching $61.56. 1,543,322 shares of the stock traded hands, compared to its average volume of 2,744,690. CMS Energy Co. has a fifty-two week low of $49.87 and a fifty-two week high of $63.76. 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. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.05. The firm’s fifty day simple moving average is $59.03 and its two-hundred day simple moving average is $57.62.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.05. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the firm earned $0.70 earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. As a group, analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Tuesday, May 14th. CMS Energy’s dividend payout ratio (DPR) is currently 62.80%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CMS shares. Seaport Res Ptn downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Scotiabank decreased their price target on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Guggenheim upgraded CMS Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $64.00 in a report on Friday, February 2nd. BMO Capital Markets lifted their target price on CMS Energy from $67.00 to $68.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, UBS Group lowered 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 analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and an average price target 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.