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

Retirement Systems of Alabama decreased its position in shares of CMS Energy Co. (NYSE:CMS) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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 SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC increased its position in CMS Energy by 3.0% during the third quarter. Commonwealth Equity Services LLC now owns 69,060 shares of the utilities provider’s stock worth $3,668,000 after buying an additional 1,998 shares during the period. Raymond James & Associates increased its holdings in shares of CMS Energy by 6.2% in the 3rd quarter. Raymond James & Associates now owns 417,111 shares of the utilities provider’s stock valued at $22,153,000 after acquiring an additional 24,527 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in CMS Energy by 2.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 38,038 shares of the utilities provider’s stock valued at $2,020,000 after purchasing an additional 1,028 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in CMS Energy by 9.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,371 shares of the utilities provider’s stock worth $3,153,000 after purchasing an additional 5,063 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in CMS Energy by 2.2% during the 3rd quarter. Mackenzie Financial Corp now owns 25,967 shares of the utilities provider’s stock worth $1,347,000 after purchasing an additional 548 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. BMO Capital Markets increased their price objective on CMS Energy from $67.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Seaport Res Ptn lowered CMS Energy from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. KeyCorp increased their price target on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Finally, UBS Group cut shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.50.

CMS Energy Stock Up 0.1 %

Shares of NYSE CMS opened at $61.61 on Tuesday. The stock has a market capitalization of $18.36 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 2.51 and a beta of 0.37. CMS Energy Co. has a 52 week low of $49.87 and a 52 week high of $63.76. The firm has a 50-day moving average price of $59.21 and a 200 day moving average price of $57.77. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.70 EPS. Equities research analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Dividend Announcement

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

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following 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 filing with the SEC, which is available 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 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 of the company’s stock, valued at $5,968,370.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following the sale, the senior vice president now directly owns 68,971 shares in the company, valued at approximately $3,985,144.38. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

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.