CMS Energy Co. (NYSE:CMS) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its stake in CMS Energy Co. (NYSE:CMS) by 4.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,361 shares of the utilities provider’s stock after selling 983 shares during the period. Kentucky Retirement Systems’ holdings in CMS Energy were worth $1,349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. increased its holdings in shares of CMS Energy by 30.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 185 shares during the period. Orion Portfolio Solutions LLC lifted its stake in shares of CMS Energy by 0.9% in the 4th quarter. Orion Portfolio Solutions LLC now owns 20,607 shares of the utilities provider’s stock worth $1,228,000 after acquiring an additional 192 shares during the period. Parallel Advisors LLC boosted its holdings in shares of CMS Energy by 19.8% in the fourth quarter. Parallel Advisors LLC now owns 1,458 shares of the utilities provider’s stock valued at $85,000 after acquiring an additional 241 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its stake in shares of CMS Energy by 2.9% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 10,394 shares of the utilities provider’s stock worth $604,000 after acquiring an additional 289 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in CMS Energy by 0.4% during the first quarter. Commonwealth Equity Services LLC now owns 73,534 shares of the utilities provider’s stock worth $4,437,000 after purchasing an additional 301 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 1,667 shares of CMS Energy stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $59.98, for a total transaction of $99,986.66. Following the completion of the sale, the senior vice president now directly owns 68,330 shares in the company, valued at $4,098,433.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other CMS Energy news, Director Jon E. Barfield sold 2,360 shares of CMS Energy stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $60.79, for a total value of $143,464.40. Following the completion of the sale, the director now owns 14,556 shares in the company, valued at approximately $884,859.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 1,667 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $59.98, for a total transaction of $99,986.66. Following the transaction, the senior vice president now owns 68,330 shares in the company, valued at $4,098,433.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,027 shares of company stock valued at $365,651. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CMS. UBS Group downgraded CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a research note on Thursday, April 4th. Scotiabank cut their price objective on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Guggenheim upped their price target on shares of CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley reduced their price objective on shares of CMS Energy from $61.00 to $58.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Finally, KeyCorp upped their target price on shares of CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $65.00.

CMS Energy Price Performance

Shares of CMS stock traded down $0.25 during trading hours on Friday, hitting $62.96. The company’s stock had a trading volume of 1,609,165 shares, compared to its average volume of 1,826,400. The company has a current ratio of 1.70, a quick ratio of 1.05 and a debt-to-equity ratio of 1.90. The business has a fifty day moving average of $60.66 and a 200-day moving average of $59.44. CMS Energy Co. has a twelve month low of $49.87 and a twelve month high of $64.28. The stock has a market cap of $18.80 billion, a price-to-earnings ratio of 19.20, a P/E/G ratio of 2.50 and a beta of 0.38.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. CMS Energy’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. As a group, equities research analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Friday, August 2nd. CMS Energy’s payout ratio is 62.80%.

CMS Energy Company Profile

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.