Teacher Retirement System of Texas Sells 63,522 Shares of CMS Energy Co. (NYSE:CMS)

Teacher Retirement System of Texas lessened its stake in CMS Energy Co. (NYSE:CMS) by 24.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 201,019 shares of the utilities provider’s stock after selling 63,522 shares during the period. Teacher Retirement System of Texas owned about 0.07% of CMS Energy worth $13,398,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMS. BankPlus Trust Department bought a new stake in shares of CMS Energy in the 4th quarter valued at about $29,000. Richardson Financial Services Inc. lifted its stake in shares of CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 235 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of 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 acquiring an additional 275 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of CMS Energy in the 3rd quarter valued at about $40,000. Finally, Larson Financial Group LLC lifted its stake in shares of CMS Energy by 2,900.0% in the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 696 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMS. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Guggenheim restated a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $68.00 to $75.00 in a report on Thursday, February 20th. Morgan Stanley reduced their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, Scotiabank boosted their price target on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.36.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the transaction, the senior vice president now directly owns 71,931 shares of the company’s stock, valued at approximately $5,306,349.87. This represents a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,200 shares of company stock worth $789,532 in the last 90 days. Insiders own 0.40% of the company’s stock.

CMS Energy Stock Down 0.3 %

CMS stock opened at $73.49 on Friday. CMS Energy Co. has a fifty-two week low of $56.61 and a fifty-two week high of $75.06. The business’s 50 day moving average price is $69.81 and its two-hundred day moving average price is $69.11. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The company has a market capitalization of $21.96 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share 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%. As a group, analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were paid a $0.5425 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.17 annualized dividend and a dividend yield of 2.95%. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio is presently 65.36%.

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.