Keybank National Association OH Sells 8,567 Shares of CMS Energy Corporation $CMS

Keybank National Association OH lowered its position in CMS Energy Corporation (NYSE:CMS) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 205,715 shares of the utilities provider’s stock after selling 8,567 shares during the period. Keybank National Association OH’s holdings in CMS Energy were worth $15,071,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bison Wealth LLC purchased a new position in shares of CMS Energy in the fourth quarter valued at about $312,000. Integrated Wealth Concepts LLC bought a new stake in CMS Energy during the 1st quarter valued at approximately $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in CMS Energy by 10.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock valued at $2,602,000 after purchasing an additional 3,367 shares during the period. Empowered Funds LLC lifted its holdings in CMS Energy by 22.0% in the 1st quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock worth $510,000 after purchasing an additional 1,226 shares in the last quarter. Finally, Woodline Partners LP boosted its stake in CMS Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock worth $1,896,000 after purchasing an additional 7,300 shares during the period. 93.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CMS has been the topic of several recent analyst reports. Jefferies Financial Group lifted their price objective on shares of CMS Energy from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday. Wolfe Research set a $82.00 price target on shares of CMS Energy in a report on Friday. Wells Fargo & Company dropped their price objective on shares of CMS Energy from $77.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. KeyCorp raised their price objective on CMS Energy from $76.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Barclays decreased their target price on CMS Energy from $82.00 to $74.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $77.62.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 4,000 shares of CMS Energy stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $72.47, for a total transaction of $289,880.00. Following the completion of the transaction, the senior vice president directly owned 64,259 shares of the company’s stock, valued at approximately $4,656,849.73. The trade was a 5.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

CMS Energy Stock Performance

CMS Energy stock opened at $71.50 on Friday. The company’s 50-day moving average price is $71.11 and its 200-day moving average price is $72.21. The company has a quick ratio of 0.60, a current ratio of 0.90 and a debt-to-equity ratio of 1.84. The company has a market cap of $21.76 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 2.52 and a beta of 0.49. CMS Energy Corporation has a twelve month low of $65.17 and a twelve month high of $76.45.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, October 30th. The utilities provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.86 by $0.07. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.83 billion. CMS Energy had a return on equity of 12.10% and a net margin of 12.62%.The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.84 earnings per share. On average, equities research analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Profile

CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.

Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.