CMS Energy Co. (NYSE:CMS) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury lowered its position in CMS Energy Co. (NYSE:CMS - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,514 shares of the utilities provider's stock after selling 5,800 shares during the quarter. State of Tennessee Department of Treasury's holdings in CMS Energy were worth $9,165,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Smith Group Asset Management LLC purchased a new position in shares of CMS Energy during the fourth quarter valued at approximately $333,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of CMS Energy by 39.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider's stock worth $1,342,000 after purchasing an additional 5,662 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in CMS Energy by 0.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock worth $5,103,000 after buying an additional 392 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in CMS Energy by 49.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider's stock valued at $1,787,000 after buying an additional 8,927 shares in the last quarter. Finally, Hennessy Advisors Inc. boosted its position in CMS Energy by 2.7% in the 4th quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider's stock valued at $11,377,000 after buying an additional 4,500 shares during the period. Institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

NYSE CMS traded up $0.36 during mid-day trading on Monday, hitting $72.54. The stock had a trading volume of 2,026,621 shares, compared to its average volume of 2,283,646. The firm's 50 day moving average is $72.73 and its 200 day moving average is $69.67. The stock has a market capitalization of $21.67 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 2.56 and a beta of 0.34. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The business had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.32 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. CMS Energy's revenue for the quarter was up 12.5% compared to the same quarter last year. Equities research analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be issued a $0.5425 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.17 annualized dividend and a dividend yield of 2.99%. CMS Energy's dividend payout ratio is presently 64.39%.

Analysts Set New Price Targets

CMS has been the subject of a number of research reports. Evercore ISI boosted their price target on CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a report on Monday. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. Wells Fargo & Company boosted their price objective on shares of CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research note on Friday. Guggenheim reaffirmed a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of CMS Energy in a research report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $76.50.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the transaction, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the sale, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,200 shares of company stock valued at $789,532 in the last three months. 0.40% of the stock is owned by corporate insiders.

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.