Retirement Systems of Alabama Has $4.82 Million Position in CMS Energy Corporation (NYSE:CMS)

Retirement Systems of Alabama reduced its position in shares of CMS Energy Corporation (NYSE:CMS) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,208 shares of the utilities provider’s stock after selling 483 shares during the period. Retirement Systems of Alabama’s holdings in CMS Energy were worth $4,823,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in CMS Energy by 4.9% during the 4th quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider’s stock worth $317,000 after purchasing an additional 220 shares during the last quarter. Optiver Holding B.V. lifted its holdings in CMS Energy by 39.2% during the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 229 shares during the last quarter. SageView Advisory Group LLC lifted its holdings in CMS Energy by 7.1% during the 4th quarter. SageView Advisory Group LLC now owns 3,762 shares of the utilities provider’s stock worth $251,000 after purchasing an additional 249 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in CMS Energy by 9.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,200 shares of the utilities provider’s stock worth $213,000 after purchasing an additional 283 shares during the last quarter. Finally, CoreCap Advisors LLC raised its holdings in CMS Energy by 10.5% in the 4th quarter. CoreCap Advisors LLC now owns 3,124 shares of the utilities provider’s stock valued at $208,000 after acquiring an additional 297 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total transaction of $161,794.78. Following the sale, the senior vice president now owns 69,571 shares in the company, valued at $5,121,121.31. The trade was a 3.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CMS. Morgan Stanley set a $71.00 price objective on CMS Energy and gave the company an “equal weight” rating in a report on Thursday, May 22nd. Evercore ISI lifted their price objective on CMS Energy from $73.00 to $76.00 and gave the company an “in-line” rating in a report on Monday, April 28th. Scotiabank reaffirmed an “outperform” rating and issued a $81.00 price objective (up from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Bank of America lifted their price objective on CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a report on Monday, March 24th. Finally, Wall Street Zen cut CMS Energy from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, CMS Energy currently has a consensus rating of “Hold” and a consensus target price of $77.00.

CMS Energy Trading Down 0.2%

Shares of CMS opened at $69.73 on Wednesday. CMS Energy Corporation has a 52-week low of $58.50 and a 52-week high of $76.45. The business’s fifty day moving average is $71.06 and its 200-day moving average is $70.08. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.84 and a current ratio of 1.06. The firm has a market cap of $20.86 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.49 and a beta of 0.39.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 EPS. Equities analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were given a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a yield of 3.11%. CMS Energy’s dividend payout ratio is currently 64.39%.

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.