CMS Energy Corporation (NYSE:CMS) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in CMS Energy Corporation (NYSE:CMS - Free Report) by 44.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,929 shares of the utilities provider's stock after selling 90,090 shares during the period. Teacher Retirement System of Texas' holdings in CMS Energy were worth $8,332,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC raised its holdings in shares of CMS Energy by 2,900.0% in the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after buying an additional 696 shares during the last quarter. Optiver Holding B.V. raised its holdings in shares of CMS Energy by 39.2% in the fourth 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. purchased a new position in CMS Energy during the fourth quarter worth about $61,000. Bernard Wealth Management Corp. purchased a new position in CMS Energy during the first quarter worth about $72,000. Finally, NBC Securities Inc. purchased a new position in CMS Energy during the first quarter worth about $75,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions 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 transaction of $161,794.78. Following the sale, the senior vice president owned 69,571 shares in the company, valued at approximately $5,121,121.31. This trade represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Evercore ISI increased their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a report on Monday, April 28th. BMO Capital Markets increased their price target on shares of CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Jefferies Financial Group increased their price target on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Monday, April 21st. 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 report on Monday, March 24th. Finally, UBS Group increased their price target on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $77.00.

CMS Energy Price Performance

CMS traded up $0.75 on Friday, hitting $70.44. 1,413,304 shares of the company were exchanged, compared to its average volume of 2,324,576. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.84 and a current ratio of 1.06. The business's fifty day moving average is $70.52 and its 200 day moving average is $70.22. CMS Energy Corporation has a fifty-two week low of $58.50 and a fifty-two week high of $76.45. The firm has a market capitalization of $21.07 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 2.51 and a beta of 0.38.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly 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). The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. The firm'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 earned $0.97 earnings per share. As a group, sell-side analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were given a dividend of $0.5425 per share. The ex-dividend date was Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a yield of 3.08%. CMS Energy's dividend payout ratio (DPR) is currently 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.