CMS Energy Co. (NYSE:CMS) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its holdings in CMS Energy Co. (NYSE:CMS) by 3.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,922 shares of the utilities provider’s stock after selling 15,686 shares during the quarter. California State Teachers Retirement System’s holdings in CMS Energy were worth $23,649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of CMS Energy by 68.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider’s stock valued at $3,721,000 after buying an additional 26,034 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of CMS Energy by 80.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,868 shares of the utilities provider’s stock valued at $108,000 after buying an additional 835 shares during the last quarter. Essex Savings Bank purchased a new position in shares of CMS Energy during the 4th quarter valued at about $207,000. Trust Point Inc. purchased a new position in shares of CMS Energy in the 4th quarter valued at about $651,000. Finally, Ballentine Partners LLC increased its stake in shares of CMS Energy by 17.2% in the 4th quarter. Ballentine Partners LLC now owns 5,215 shares of the utilities provider’s stock valued at $303,000 after purchasing an additional 765 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Down 0.4 %

Shares of CMS Energy stock traded down $0.24 during trading hours on Thursday, reaching $64.56. 64,595 shares of the company were exchanged, compared to its average volume of 2,356,288. CMS Energy Co. has a 1 year low of $49.87 and a 1 year high of $65.23. The stock’s fifty day moving average is $60.79 and its 200 day moving average is $59.57. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18. The firm has a market cap of $19.29 billion, a PE ratio of 19.76, a PEG ratio of 2.59 and a beta of 0.38.

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

CMS Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 2nd will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Friday, August 2nd. CMS Energy’s dividend payout ratio is currently 62.80%.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 1,667 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now 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 the SEC website. In related news, SVP Brandon J. Hofmeister sold 1,667 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now 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 the SEC website. Also, Director Jon E. Barfield sold 2,360 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $60.79, for a total transaction of $143,464.40. Following the transaction, the director now owns 14,556 shares of the company’s stock, valued at approximately $884,859.24. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CMS. Evercore ISI upgraded CMS Energy to a “hold” rating in a research note on Friday, July 26th. Scotiabank lowered their price objective on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Guggenheim lifted their price objective on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. BMO Capital Markets boosted their target price on CMS Energy from $68.00 to $71.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, Wells Fargo & Company boosted their target price on CMS Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $65.00.

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.