New York State Common Retirement Fund Purchases 8,628 Shares of CMS Energy Corporation (NYSE:CMS)

New York State Common Retirement Fund boosted its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 6.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 148,837 shares of the utilities provider's stock after acquiring an additional 8,628 shares during the period. New York State Common Retirement Fund's holdings in CMS Energy were worth $11,179,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CMS. Optiver Holding B.V. grew its position in CMS Energy by 39.2% in the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after buying an additional 229 shares during the last quarter. Mizuho Bank Ltd. acquired a new position in CMS Energy during the fourth quarter worth $61,000. Covestor Ltd increased its position in shares of CMS Energy by 51.9% in the fourth quarter. Covestor Ltd now owns 1,065 shares of the utilities provider's stock valued at $71,000 after buying an additional 364 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in CMS Energy in the 1st quarter valued at about $72,000. Finally, Quarry LP lifted its holdings in shares of CMS Energy by 36.5% in the fourth quarter. Quarry LP now owns 1,118 shares of the utilities provider's stock valued at $75,000 after purchasing an additional 299 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Stock Performance

Shares of CMS stock traded up $1.05 during trading hours on Friday, reaching $71.90. The stock had a trading volume of 1,583,659 shares, compared to its average volume of 2,332,762. The firm has a market capitalization of $21.51 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 2.56 and a beta of 0.38. The firm has a 50-day simple moving average of $69.99 and a 200-day simple moving average of $70.45. CMS Energy Corporation has a twelve month low of $61.25 and a twelve month high of $76.45. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.06 and a quick ratio of 0.84.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.03). CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the business posted $0.97 EPS. The firm's quarterly revenue was up 12.5% on a year-over-year basis. As a group, equities analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current year.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total value of $161,794.78. Following the completion of the transaction, the senior vice president owned 69,571 shares of the company's stock, valued at approximately $5,121,121.31. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. BMO Capital Markets boosted their price target on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Evercore ISI upped their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research report on Monday, April 28th. Morgan Stanley set a $71.00 price target on shares of CMS Energy and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Scotiabank restated an "outperform" rating and set a $81.00 price objective (up from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Finally, Wells Fargo & Company lifted their target price on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $77.00.

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.