17,600 Shares in CMS Energy Co. (NYSE:CMS) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in CMS Energy Co. (NYSE:CMS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,600 shares of the utilities provider's stock, valued at approximately $1,022,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vontobel Holding Ltd. purchased a new position in CMS Energy in the 3rd quarter worth approximately $623,000. Exchange Traded Concepts LLC boosted its holdings in CMS Energy by 4.5% in the third quarter. Exchange Traded Concepts LLC now owns 10,379 shares of the utilities provider's stock valued at $551,000 after acquiring an additional 449 shares in the last quarter. Hennessy Advisors Inc. increased its position in CMS Energy by 1.2% during the 3rd quarter. Hennessy Advisors Inc. now owns 186,898 shares of the utilities provider's stock valued at $9,926,000 after purchasing an additional 2,300 shares during the period. Advisory Alpha LLC bought a new position in CMS Energy in the 3rd quarter worth $269,000. Finally, Czech National Bank lifted its position in shares of CMS Energy by 47.7% in the 3rd quarter. Czech National Bank now owns 50,987 shares of the utilities provider's stock worth $2,708,000 after purchasing an additional 16,461 shares during the period. 93.57% of the stock is owned by institutional investors.

CMS Energy Stock Up 0.3 %

Shares of NYSE CMS traded up $0.21 during midday trading on Thursday, hitting $60.49. The stock had a trading volume of 5,007,155 shares, compared to its average volume of 2,515,816. The company has a market cap of $18.06 billion, a P/E ratio of 20.03, a PEG ratio of 2.32 and a beta of 0.38. CMS Energy Co. has a 52 week low of $49.87 and a 52 week high of $63.76. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 1.84. The business's 50 day moving average is $58.65 and its 200-day moving average is $57.36.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.05. CMS Energy had a return on equity of 12.09% and a net margin of 11.89%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the business posted $0.70 EPS. The company's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, analysts predict that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Tuesday, May 14th. CMS Energy's dividend payout ratio is presently 68.44%.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of CMS Energy stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total transaction of $202,230.00. Following the transaction, the senior vice president now directly owns 68,971 shares in the company, valued at $3,985,144.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CMS shares. Scotiabank reduced their price target on shares of CMS Energy from $67.00 to $66.00 and set a "sector outperform" rating on the stock in a research report on Monday. Royal Bank of Canada decreased their target price on CMS Energy from $65.00 to $63.00 and set an "outperform" rating for the company in a research report on Monday, March 4th. Wolfe Research upgraded CMS Energy from a "peer perform" rating to an "outperform" rating and set a $62.00 target price for the company in a research note on Tuesday, January 16th. UBS Group cut CMS Energy from a "buy" rating to a "neutral" rating and set a $65.00 price target on the stock. in a research note on Thursday, April 4th. Finally, JPMorgan Chase & Co. raised their price objective on CMS Energy from $65.00 to $66.00 and gave the company an "overweight" rating in a research report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $63.00.

CMS Energy Company 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.