Illinois Municipal Retirement Fund Has $12.55 Million Stake in CMS Energy Corporation (NYSE:CMS)

Illinois Municipal Retirement Fund raised its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 26.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 167,049 shares of the utilities provider's stock after buying an additional 35,435 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of CMS Energy worth $12,547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CMS. Larson Financial Group LLC increased its holdings in CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 696 shares in the last quarter. Optiver Holding B.V. raised 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 purchasing an additional 229 shares during the last quarter. Mizuho Bank Ltd. bought a new position in CMS Energy in the 4th quarter valued at $61,000. Covestor Ltd raised its position in CMS Energy by 51.9% in the 4th quarter. Covestor Ltd now owns 1,065 shares of the utilities provider's stock valued at $71,000 after purchasing an additional 364 shares during the last quarter. Finally, Bernard Wealth Management Corp. bought a new position in CMS Energy in the 1st quarter valued at $72,000. Institutional investors own 93.57% of the company's stock.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was 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 now directly owns 69,571 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

CMS Energy Trading Down 0.2%

Shares of CMS stock traded down $0.13 on Friday, reaching $69.03. 2,439,219 shares of the stock were exchanged, compared to its average volume of 2,315,936. 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 Corporation has a one year low of $58.50 and a one year high of $76.45. The stock has a 50 day moving average price of $70.84 and a 200 day moving average price of $70.11. The stock has a market cap of $20.65 billion, a PE ratio of 20.48, a P/E/G ratio of 2.46 and a beta of 0.39.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 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 the consensus estimate of $2.32 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 EPS. Equities research analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were issued a $0.5425 dividend. The ex-dividend date was Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a yield of 3.14%. CMS Energy's dividend payout ratio is presently 64.39%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CMS. Bank of America lifted their price objective on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Jefferies Financial Group lifted their price objective on CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Wells Fargo & Company lifted their price objective on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Morgan Stanley set a $71.00 price objective on CMS Energy and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen downgraded CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $77.00.

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.