Teacher Retirement System of Texas Decreases Position in CMS Energy Co. (NYSE:CMS)

Teacher Retirement System of Texas lowered its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 24.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,019 shares of the utilities provider's stock after selling 63,522 shares during the quarter. Teacher Retirement System of Texas owned about 0.07% of CMS Energy worth $13,398,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. BankPlus Trust Department acquired a new stake in shares of CMS Energy during the 4th quarter worth $29,000. First Horizon Advisors Inc. increased its holdings in shares of CMS Energy by 171.9% during the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider's stock worth $31,000 after buying an additional 275 shares in the last quarter. Richardson Financial Services Inc. raised its position in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 235 shares during the last quarter. Brooklyn Investment Group acquired a new position in CMS Energy in the 3rd quarter valued at approximately $40,000. Finally, Larson Financial Group LLC grew its position in shares of CMS Energy by 2,900.0% in the 4th 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. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Stock Performance

Shares of NYSE CMS traded up $1.20 during trading on Wednesday, reaching $73.24. 1,700,503 shares of the stock traded hands, compared to its average volume of 2,139,050. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The stock has a market capitalization of $21.88 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $75.06. The company has a 50-day moving average of $70.11 and a 200-day moving average of $69.18.

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CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share 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%. Analysts forecast that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were given a $0.5425 dividend. The ex-dividend date was Friday, February 14th. This is a boost from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 2.96%. CMS Energy's payout ratio is 65.36%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CMS shares. 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. Bank of America raised their target price on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a report on Monday. StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a research report on Tuesday. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Finally, BMO Capital Markets upped their target price on CMS Energy from $73.00 to $80.00 and gave the company an "outperform" rating in a report on Monday. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.36.

Insider Buying and Selling at CMS Energy

In related news, CAO Scott B. Mcintosh sold 6,700 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the sale, the senior vice president now directly 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 11,200 shares of company stock worth $789,532. 0.40% of the stock is owned by corporate insiders.

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.