New York State Teachers Retirement System Trims Stake in CMS Energy Co. (NYSE:CMS)

New York State Teachers Retirement System decreased its position in CMS Energy Co. (NYSE:CMS - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 252,541 shares of the utilities provider's stock after selling 14,485 shares during the period. New York State Teachers Retirement System owned 0.08% of CMS Energy worth $16,832,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its stake in CMS Energy by 6.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 185,949 shares of the utilities provider's stock valued at $12,470,000 after buying an additional 11,100 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of CMS Energy by 12.7% during the 4th quarter. Van ECK Associates Corp now owns 92,899 shares of the utilities provider's stock worth $6,192,000 after purchasing an additional 10,470 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of CMS Energy by 24.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 312,656 shares of the utilities provider's stock worth $20,801,000 after purchasing an additional 61,542 shares during the last quarter. Savant Capital LLC purchased a new stake in shares of CMS Energy during the 4th quarter worth approximately $222,000. Finally, Empowered Funds LLC increased its stake in shares of CMS Energy by 10.6% during the 4th quarter. Empowered Funds LLC now owns 5,562 shares of the utilities provider's stock worth $371,000 after purchasing an additional 534 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

Insider Buying and Selling

In related news, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the transaction, the director now owns 144,059 shares in the company, valued at $9,486,285.15. This trade represents a 16.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the transaction, the chief accounting officer now owns 21,643 shares in the company, valued at $1,509,815.68. The trade was a 23.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,450 shares of company stock worth $2,495,020 in the last 90 days. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $68.00 to $75.00 in a research note on Thursday. BMO Capital Markets cut their price target on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Jefferies Financial Group began coverage on shares of CMS Energy in a report on Tuesday, November 5th. They issued a "buy" rating and a $76.00 price target for the company. StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Scotiabank raised their price target on shares of CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, CMS Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.69.

CMS Energy Price Performance

Shares of NYSE CMS traded up $0.61 during mid-day trading on Thursday, reaching $70.76. 2,145,260 shares of the company were exchanged, compared to its average volume of 2,198,893. CMS Energy Co. has a 52 week low of $56.31 and a 52 week high of $72.40. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $21.14 billion, a PE ratio of 21.31, a PEG ratio of 2.52 and a beta of 0.42. The company's 50 day moving average price is $67.07 and its 200 day moving average price is $68.18.

CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Sell-side analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 17th will be given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Friday, February 14th. This is a boost from CMS Energy's previous quarterly dividend of $0.52. CMS Energy's dividend payout ratio (DPR) is presently 65.36%.

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.