Retirement Systems of Alabama Grows Position in CMS Energy Co. (NYSE:CMS)

Retirement Systems of Alabama lifted its position in CMS Energy Co. (NYSE:CMS) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,875 shares of the utilities provider’s stock after acquiring an additional 888 shares during the quarter. Retirement Systems of Alabama’s holdings in CMS Energy were worth $3,922,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. DT Investment Partners LLC boosted its holdings in CMS Energy by 594.5% during the second quarter. DT Investment Partners LLC now owns 1,007 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 862 shares during the last quarter. &PARTNERS boosted its stake in shares of CMS Energy by 602.9% in the 2nd quarter. &PARTNERS now owns 44,220 shares of the utilities provider’s stock worth $2,632,000 after buying an additional 37,929 shares during the last quarter. Hennessy Advisors Inc. grew its holdings in shares of CMS Energy by 0.5% in the second quarter. Hennessy Advisors Inc. now owns 172,698 shares of the utilities provider’s stock valued at $10,281,000 after acquiring an additional 800 shares in the last quarter. NewSquare Capital LLC increased its position in shares of CMS Energy by 3.3% during the second quarter. NewSquare Capital LLC now owns 120,078 shares of the utilities provider’s stock valued at $7,043,000 after acquiring an additional 3,801 shares during the last quarter. Finally, Centennial Wealth Advisory LLC lifted its holdings in CMS Energy by 4.5% during the second quarter. Centennial Wealth Advisory LLC now owns 7,173 shares of the utilities provider’s stock worth $427,000 after acquiring an additional 308 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 1,667 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $59.98, for a total value of $99,986.66. Following the transaction, the senior vice president now owns 68,330 shares of the company’s stock, valued at $4,098,433.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other CMS Energy news, Director Jon E. Barfield sold 2,360 shares of CMS Energy stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $60.79, for a total transaction of $143,464.40. Following the completion of the sale, the director now directly owns 14,556 shares in the company, valued at $884,859.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Brandon J. Hofmeister sold 1,667 shares of the stock in a transaction on 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 approximately $4,098,433.40. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CMS. Evercore ISI raised CMS Energy to a “hold” rating in a research report on Friday, July 26th. BMO Capital Markets lifted their price objective on shares of CMS Energy from $68.00 to $71.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Guggenheim boosted their target price on shares of CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Morgan Stanley raised their price target on shares of CMS Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, KeyCorp upped their price objective on CMS Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and a consensus price target of $66.82.

CMS Energy Trading Up 0.9 %

NYSE:CMS opened at $67.71 on Tuesday. The company has a market cap of $20.22 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.64 and a beta of 0.38. CMS Energy Co. has a 1 year low of $49.87 and a 1 year high of $67.97. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87. The stock’s fifty day moving average price is $62.63 and its two-hundred day moving average price is $60.76.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The business 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%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS. As a group, analysts expect 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 issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Friday, August 2nd. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

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.