Public Employees Retirement System of Ohio Decreases Stake in CMS Energy Co. (NYSE:CMS)

Public Employees Retirement System of Ohio lowered its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 161,404 shares of the utilities provider's stock after selling 7,657 shares during the period. Public Employees Retirement System of Ohio owned 0.05% of CMS Energy worth $11,400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMS. Massachusetts Financial Services Co. MA boosted its stake in shares of CMS Energy by 101.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider's stock worth $410,223,000 after buying an additional 3,473,977 shares during the period. Raymond James & Associates lifted its position in CMS Energy by 310.2% during the 3rd quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider's stock worth $79,519,000 after acquiring an additional 851,364 shares during the period. iA Global Asset Management Inc. grew its stake in shares of CMS Energy by 105.9% in the 2nd quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider's stock valued at $92,623,000 after purchasing an additional 800,344 shares during the last quarter. Railway Pension Investments Ltd acquired a new position in shares of CMS Energy in the second quarter valued at approximately $47,082,000. Finally, National Bank of Canada FI raised its stake in shares of CMS Energy by 404.8% during the third quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider's stock worth $63,053,000 after purchasing an additional 715,891 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $68.17, for a total transaction of $136,340.00. Following the completion of the sale, the senior vice president now directly owns 64,771 shares in the company, valued at $4,415,439.07. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Scott B. Mcintosh sold 936 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the transaction, the chief accounting officer now owns 24,417 shares in the company, valued at $1,672,564.50. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

CMS Energy Price Performance

CMS traded up $0.23 during midday trading on Thursday, reaching $67.05. 1,706,016 shares of the company's stock were exchanged, compared to its average volume of 2,276,958. The business's 50-day moving average price is $69.29 and its 200 day moving average price is $66.05. The stock has a market capitalization of $20.03 billion, a PE ratio of 19.27, a P/E/G ratio of 2.68 and a beta of 0.41. CMS Energy Co. has a 1-year low of $55.10 and a 1-year high of $72.40. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The company's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. As a group, equities analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.515 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a yield of 3.07%. This is a positive change from CMS Energy's previous quarterly dividend of $0.51. CMS Energy's dividend payout ratio (DPR) is 58.86%.

Wall Street Analyst Weigh In

CMS has been the topic of a number of analyst reports. Mizuho lowered shares of CMS Energy from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $76.00 to $72.00 in a research report on Tuesday, October 15th. BMO Capital Markets lowered their target price on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Bank of America increased their price target on shares of CMS Energy from $69.00 to $73.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Morgan Stanley lowered their price objective on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Finally, Jefferies Financial Group assumed coverage on CMS Energy in a research note on Tuesday, November 5th. They set a "buy" rating and a $76.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.36.

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.