State of Tennessee Department of Treasury Has $9.17 Million Stock Holdings in CMS Energy Co. (NYSE:CMS)

State of Tennessee Department of Treasury lessened its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,514 shares of the utilities provider's stock after selling 5,800 shares during the period. State of Tennessee Department of Treasury's holdings in CMS Energy were worth $9,165,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CMS. Virtu Financial LLC lifted its position in CMS Energy by 18.0% in the 3rd quarter. Virtu Financial LLC now owns 18,358 shares of the utilities provider's stock worth $1,297,000 after buying an additional 2,800 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of CMS Energy in the third quarter worth $248,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of CMS Energy during the third quarter worth $589,000. Tidal Investments LLC boosted its position in CMS Energy by 17.6% during the third quarter. Tidal Investments LLC now owns 19,780 shares of the utilities provider's stock valued at $1,397,000 after purchasing an additional 2,965 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in CMS Energy by 7.6% in the third quarter. Principal Financial Group Inc. now owns 408,331 shares of the utilities provider's stock valued at $28,840,000 after purchasing an additional 28,695 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy 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 owns 21,643 shares in the company, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Laura Wright sold 2,500 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the sale, the director now directly owns 38,790 shares of the company's stock, valued at $2,709,093.60. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,200 shares of company stock worth $789,532 in the last quarter. 0.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Guggenheim reiterated a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Wells Fargo & Company lifted their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research note on Friday. Bank of America increased their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. Scotiabank reaffirmed an "outperform" rating and issued a $81.00 price objective on shares of CMS Energy in a research note on Friday. Finally, StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a research report on Monday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, CMS Energy has a consensus rating of "Moderate Buy" and a consensus price target of $77.25.

CMS Energy Price Performance

Shares of CMS Energy stock traded up $0.47 during trading on Tuesday, hitting $72.98. 963,963 shares of the company's stock traded hands, compared to its average volume of 2,278,925. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The company has a market cap of $21.81 billion, a PE ratio of 21.98, a PEG ratio of 2.56 and a beta of 0.34. The firm's fifty day moving average price is $72.77 and its 200 day moving average price is $69.69.

CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The company's quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. Analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's payout ratio is 64.39%.

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.