CMS Energy Co. (NYSE:CMS) Position Trimmed by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 252,541 shares of the utilities provider’s stock after selling 14,485 shares during the period. New York State Teachers Retirement System’s holdings in CMS Energy were worth $16,832,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its stake in CMS Energy by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock valued at $537,503,000 after purchasing an additional 719,093 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of CMS Energy by 1.4% during the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock valued at $528,713,000 after acquiring an additional 105,062 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of CMS Energy by 0.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider’s stock valued at $152,267,000 after acquiring an additional 18,403 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of CMS Energy by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock valued at $128,715,000 after acquiring an additional 25,196 shares during the period. Finally, Brookfield Corp ON boosted its holdings in shares of CMS Energy by 0.6% during the third quarter. Brookfield Corp ON now owns 1,199,811 shares of the utilities provider’s stock valued at $84,743,000 after acquiring an additional 7,142 shares during the period. Institutional investors own 93.57% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the transaction, the chief accounting officer now owns 24,417 shares in the company, valued at $1,672,564.50. This represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John G. Russell sold 28,750 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the transaction, the director now owns 144,059 shares in the company, valued at $9,486,285.15. This represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,386 shares of company stock worth $2,559,136. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

CMS has been the subject of several analyst reports. BMO Capital Markets reduced their price target on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Guggenheim reissued a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Morgan Stanley reduced their price target on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Jefferies Financial Group assumed coverage on shares of CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective for the company. Finally, StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and an average price target of $71.15.

CMS Energy Price Performance

NYSE CMS opened at $68.88 on Monday. The stock’s 50-day moving average price is $66.94 and its two-hundred day moving average price is $68.10. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.94. The company has a market cap of $20.58 billion, a PE ratio of 20.75, a PEG ratio of 2.48 and a beta of 0.42. CMS Energy Co. has a 1 year low of $56.31 and a 1 year high of $72.40.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. On average, analysts predict that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s payout ratio is presently 62.05%.

About CMS Energy

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.