Public Employees Retirement Association of Colorado Has $16.79 Million Holdings in CMS Energy Co. (NYSE:CMS)

Public Employees Retirement Association of Colorado raised its position in CMS Energy Co. (NYSE:CMS) by 787.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 278,321 shares of the utilities provider’s stock after acquiring an additional 246,976 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.09% of CMS Energy worth $16,794,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC bought a new position in shares of CMS Energy in the fourth quarter valued at approximately $29,000. Voisard Asset Management Group Inc. bought a new position in shares of CMS Energy in the fourth quarter valued at approximately $36,000. Headlands Technologies LLC bought a new position in shares of CMS Energy in the first quarter valued at approximately $43,000. Tobam lifted its holdings in shares of CMS Energy by 2,432.3% in the fourth quarter. Tobam now owns 785 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 754 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted 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 in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Performance

Shares of CMS traded up $0.78 during mid-day trading on Monday, hitting $63.74. The stock had a trading volume of 868,224 shares, compared to its average volume of 2,362,047. The firm has a market cap of $19.04 billion, a P/E ratio of 19.20, a PEG ratio of 2.50 and a beta of 0.38. The business has a fifty day moving average price of $60.66 and a 200-day moving average price of $59.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87. CMS Energy Co. has a 52 week low of $49.87 and a 52 week high of $64.28.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. On average, equities research analysts expect that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 2nd will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Friday, August 2nd. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Insider Activity

In other news, 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 value of $122,200.00. Following the completion of the transaction, the senior vice president now directly owns 97,682 shares in the company, valued at $5,968,370.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Brandon J. Hofmeister sold 1,667 shares of the business’s 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 completion of the transaction, the senior vice president now directly owns 68,330 shares in the company, valued at $4,098,433.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Brian F. Rich sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total value of $122,200.00. Following the transaction, the senior vice president now owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,027 shares of company stock worth $365,651. 0.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CMS shares. BMO Capital Markets raised their target price on CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Guggenheim lifted their price target on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley dropped their price target on CMS Energy from $61.00 to $58.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. KeyCorp lifted their price target on CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Finally, Wells Fargo & Company lifted their price target on CMS Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $65.00.

CMS Energy 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.