Teachers Retirement System of The State of Kentucky Has $1.57 Million Holdings in CMS Energy Co. (NYSE:CMS)

Teachers Retirement System of The State of Kentucky decreased its position in CMS Energy Co. (NYSE:CMS) by 4.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,171 shares of the utilities provider’s stock after selling 1,115 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in CMS Energy were worth $1,566,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CMS. First Horizon Advisors Inc. grew its holdings in CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after buying an additional 275 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of CMS Energy in the third quarter valued at about $40,000. Innealta Capital LLC bought a new stake in shares of CMS Energy in the second quarter valued at about $43,000. Covestor Ltd grew its stake in shares of CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 472 shares in the last quarter. Finally, Values First Advisors Inc. bought a new position in CMS Energy during the third quarter worth about $56,000. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $67.05 on Wednesday. The company’s 50 day moving average price is $69.01 and its two-hundred day moving average price is $66.24. The firm has a market capitalization of $20.03 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.66 and a beta of 0.41. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. CMS Energy Co. has a fifty-two week low of $55.10 and a fifty-two week high of $72.40.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data 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 business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. CMS Energy’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS. On average, equities analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.515 per share. The ex-dividend date was Wednesday, November 13th. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 3.07%. CMS Energy’s dividend payout ratio (DPR) is currently 58.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price on the stock. Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. Bank of America increased their target price on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Barclays raised their price target on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Finally, StockNews.com cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Thursday, November 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.36.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $67.22, for a total value of $134,440.00. Following the sale, the senior vice president now owns 63,197 shares in the company, valued at approximately $4,248,102.34. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the firm’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 of the company’s stock, valued at $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,936 shares of company stock valued at $334,896 in the last ninety days. 0.40% of the stock is currently owned by insiders.

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.