Kentucky Retirement Systems Insurance Trust Fund Sells 787 Shares of CMS Energy Co. (NYSE:CMS)

Kentucky Retirement Systems Insurance Trust Fund lowered its position in shares of CMS Energy Co. (NYSE:CMS) by 8.2% during the third quarter, HoldingsChannel.com reports. The fund owned 8,845 shares of the utilities provider’s stock after selling 787 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in CMS Energy were worth $625,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CMS. Orion Portfolio Solutions LLC boosted its position in shares of CMS Energy by 12.4% during the 1st quarter. Orion Portfolio Solutions LLC now owns 23,152 shares of the utilities provider’s stock valued at $1,397,000 after purchasing an additional 2,545 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in CMS Energy by 80.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 16,328 shares of the utilities provider’s stock valued at $985,000 after buying an additional 7,256 shares during the period. Seven Eight Capital LP bought a new position in shares of CMS Energy during the 1st quarter worth approximately $820,000. American International Group Inc. grew its position in shares of CMS Energy by 0.6% during the 1st quarter. American International Group Inc. now owns 76,972 shares of the utilities provider’s stock worth $4,644,000 after buying an additional 472 shares during the period. Finally, Crewe Advisors LLC bought a new stake in shares of CMS Energy in the 1st quarter valued at $124,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Guggenheim raised their price target on shares of 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 decreased their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Mizuho lowered CMS Energy from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. Barclays boosted their price objective on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Finally, StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.29.

CMS Energy Stock Up 0.4 %

CMS Energy stock opened at $68.50 on Tuesday. CMS Energy Co. has a fifty-two week low of $55.10 and a fifty-two week high of $72.40. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. The firm’s 50-day simple moving average is $69.77 and its 200 day simple moving average is $65.33. The stock has a market cap of $20.47 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 2.72 and a beta of 0.41.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 EPS. Research analysts predict that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.01%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy’s payout ratio is presently 58.86%.

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.