Zions Bancorporation N.A. Has $513,000 Stock Position in CMS Energy Co. (NYSE:CMS)

Zions Bancorporation N.A. increased its position in shares of CMS Energy Co. (NYSE:CMSFree Report) by 8.4% in the third quarter, HoldingsChannel reports. The firm owned 9,662 shares of the utilities provider’s stock after purchasing an additional 751 shares during the period. Zions Bancorporation N.A.’s holdings in CMS Energy were worth $513,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CMS. Covington Capital Management acquired a new stake in shares of CMS Energy during the 3rd quarter worth about $27,000. American National Bank increased its position in shares of CMS Energy by 1,213.6% during the 3rd quarter. American National Bank now owns 578 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 534 shares in the last quarter. Clear Street Markets LLC increased its position in shares of CMS Energy by 94.9% during the 1st quarter. Clear Street Markets LLC now owns 573 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 279 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of CMS Energy during the 3rd quarter worth about $36,000. Finally, Carolinas Wealth Consulting LLC increased its position in shares of CMS Energy by 2,010.0% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 844 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 804 shares in the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

CMS Energy Stock Performance

Shares of CMS stock opened at $57.29 on Wednesday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.51 and a current ratio of 0.90. The company has a market capitalization of $16.71 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 2.28 and a beta of 0.39. The company’s 50 day moving average price is $57.77 and its two-hundred day moving average price is $56.82. CMS Energy Co. has a 52 week low of $49.87 and a 52 week high of $64.67.

Insiders Place Their Bets

In other CMS Energy news, Director John G. Russell sold 19,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $55.53, for a total transaction of $1,055,070.00. Following the sale, the director now directly owns 169,899 shares in the company, valued at approximately $9,434,491.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director John G. Russell sold 19,000 shares of CMS Energy stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $55.53, for a total value of $1,055,070.00. Following the sale, the director now directly owns 169,899 shares in the company, valued at $9,434,491.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brian F. Rich sold 5,000 shares of CMS Energy stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $54.90, for a total transaction of $274,500.00. Following the completion of the sale, the senior vice president now owns 88,175 shares in the company, valued at $4,840,807.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,000 shares of company stock worth $1,387,470. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CMS. KeyCorp increased their price objective on shares of CMS Energy from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. Seaport Res Ptn lowered shares of CMS Energy from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Wolfe Research raised shares of CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price objective on the stock in a report on Tuesday, January 16th. Barclays raised their target price on shares of CMS Energy from $55.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 17th. Finally, BMO Capital Markets raised their target price on shares of CMS Energy from $61.00 to $64.00 and gave the company an “outperform” rating in a research note on Tuesday, December 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.62.

Read Our Latest Stock Analysis on CMS Energy

CMS Energy Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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