CMS Energy Corporation (NYSE:CMS) Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 26.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 167,049 shares of the utilities provider's stock after acquiring an additional 35,435 shares during the period. Illinois Municipal Retirement Fund owned 0.06% of CMS Energy worth $12,547,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CMS. Perpetual Ltd increased its stake in CMS Energy by 3.9% in the 1st quarter. Perpetual Ltd now owns 2,155,984 shares of the utilities provider's stock worth $161,936,000 after acquiring an additional 81,867 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in CMS Energy in the first quarter worth $1,125,000. Spire Wealth Management raised its stake in CMS Energy by 6.4% during the first quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider's stock valued at $191,000 after purchasing an additional 154 shares in the last quarter. Wealthquest Corp bought a new stake in shares of CMS Energy in the 1st quarter worth about $150,000. Finally, Asset Management One Co. Ltd. grew its position in CMS Energy by 4.8% in the first quarter. Asset Management One Co. Ltd. now owns 194,826 shares of the utilities provider's stock worth $14,633,000 after acquiring an additional 8,877 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total transaction of $161,794.78. Following the completion of the sale, the senior vice president directly owned 69,571 shares in the company, valued at approximately $5,121,121.31. The trade was a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.49% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CMS has been the topic of several analyst reports. Wall Street Zen downgraded CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. Scotiabank reiterated an "outperform" rating and set a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. BMO Capital Markets increased their target price on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Jefferies Financial Group lifted their price target on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Finally, 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. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, CMS Energy has a consensus rating of "Hold" and an average price target of $77.00.

CMS Energy Stock Up 1.2%

NYSE CMS traded up $0.86 during midday trading on Tuesday, hitting $70.14. 1,283,265 shares of the company traded hands, compared to its average volume of 2,315,196. CMS Energy Corporation has a 52 week low of $58.50 and a 52 week high of $76.45. The company's 50-day simple moving average is $70.78 and its 200-day simple moving average is $70.14. The company has a market cap of $20.98 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 2.46 and a beta of 0.39. 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 posted its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.32 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. CMS Energy's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. As a group, equities research analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were paid a dividend of $0.5425 per share. The ex-dividend date was Friday, May 9th. This represents a $2.17 annualized dividend and a yield of 3.09%. CMS Energy's dividend payout ratio (DPR) 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.