Zions Bancorporation N.A. Increases Holdings in CMS Energy Co. (NYSE:CMS)

Zions Bancorporation N.A. boosted its position in CMS Energy Co. (NYSE:CMS) by 51.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,010 shares of the utilities provider’s stock after buying an additional 3,079 shares during the quarter. Zions Bancorporation N.A.’s holdings in CMS Energy were worth $601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of CMS. Vanguard Group Inc. boosted its stake in shares of CMS Energy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider’s stock valued at $2,544,370,000 after purchasing an additional 316,011 shares in the last quarter. Geode Capital Management LLC boosted its position in 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 valued at $528,713,000 after buying an additional 105,062 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 valued at $152,267,000 after buying an additional 18,403 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of CMS Energy by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,879,271 shares of the utilities provider’s stock worth $125,253,000 after buying an additional 56,882 shares during the period. Finally, Truist Financial Corp lifted its stake in shares of CMS Energy by 10.0% in the 4th quarter. Truist Financial Corp now owns 1,621,562 shares of the utilities provider’s stock valued at $108,077,000 after acquiring an additional 147,540 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Insider Activity

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction 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. This trade represents a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the transaction, the senior vice president now owns 71,931 shares of the company’s stock, valued at $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,200 shares of company stock worth $789,532. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Trading Up 1.7 %

Shares of CMS opened at $73.24 on Thursday. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $75.06. The firm has a market capitalization of $21.88 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.56 and a beta of 0.35. The firm’s 50-day moving average price is $70.24 and its 200-day moving average price is $69.21. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Sell-side analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were given a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.17 annualized dividend and a yield of 2.96%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio (DPR) is currently 65.36%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CMS. UBS Group raised their price target on CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Tuesday. Scotiabank upped their price target on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim reissued a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Finally, Bank of America increased their target price on shares of CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a report on Monday. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $75.36.

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.