CMS Energy Co. (NYSE:CMS) Holdings Reduced by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its holdings in shares of CMS Energy Co. (NYSE:CMS) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 64,303 shares of the utilities provider’s stock after selling 1,659 shares during the quarter. Retirement Systems of Alabama’s holdings in CMS Energy were worth $3,734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CMS. CI Investments Inc. raised its stake in CMS Energy by 3.0% during the 3rd quarter. CI Investments Inc. now owns 6,415 shares of the utilities provider’s stock valued at $341,000 after acquiring an additional 185 shares in the last quarter. Centerpoint Advisors LLC lifted its holdings in CMS Energy by 25.0% in the third quarter. Centerpoint Advisors LLC now owns 1,000 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 200 shares during the period. Atria Investments Inc grew its position in CMS Energy by 0.6% in the 3rd quarter. Atria Investments Inc now owns 37,933 shares of the utilities provider’s stock valued at $2,015,000 after buying an additional 227 shares in the last quarter. IFM Investors Pty Ltd increased its stake in CMS Energy by 0.3% during the 4th quarter. IFM Investors Pty Ltd now owns 97,475 shares of the utilities provider’s stock valued at $5,660,000 after buying an additional 269 shares during the period. Finally, Alaska Permanent Fund Corp raised its position in shares of CMS Energy by 11.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 2,801 shares of the utilities provider’s stock worth $149,000 after buying an additional 296 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Trading Up 0.1 %

Shares of CMS opened at $61.61 on Tuesday. The business’s 50-day moving average price is $59.21 and its 200 day moving average price is $57.77. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $18.36 billion, a P/E ratio of 18.78, a P/E/G ratio of 2.51 and a beta of 0.37. CMS Energy Co. has a 1-year low of $49.87 and a 1-year high of $63.76.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the firm posted $0.70 earnings per share. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. Analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a $0.515 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.34%. CMS Energy’s payout ratio is currently 62.80%.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the completion of the sale, the senior vice president now directly owns 68,971 shares of the company’s stock, valued at approximately $3,985,144.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Brian F. Rich sold 2,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the transaction, the senior vice president now directly owns 97,682 shares in the company, valued at approximately $5,968,370.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the sale, the senior vice president now owns 68,971 shares of the company’s stock, valued at $3,985,144.38. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. KeyCorp increased their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Scotiabank lowered their price target on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. UBS Group lowered CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective for the company. in a report on Thursday, April 4th. Seaport Res Ptn lowered CMS Energy from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, Wolfe Research raised shares of CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price target for the company in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.50.

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.