Teacher Retirement System of Texas Sells 63,522 Shares of CMS Energy Co. (NYSE:CMS)

Teacher Retirement System of Texas trimmed its position in shares of CMS Energy Co. (NYSE:CMS) by 24.0% during the 4th quarter, Holdings Channel.com reports. 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’ holdings in CMS Energy were worth $13,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of CMS. OneDigital Investment Advisors LLC lifted its holdings in shares of CMS Energy by 5.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock valued at $256,000 after buying an additional 187 shares during the period. Empowered Funds LLC lifted its holdings in shares of CMS Energy by 11.5% during the 3rd quarter. Empowered Funds LLC now owns 5,028 shares of the utilities provider’s stock valued at $355,000 after buying an additional 517 shares during the period. Prospera Private Wealth LLC bought a new position in shares of CMS Energy during the 3rd quarter valued at $77,000. First Horizon Advisors Inc. lifted its holdings in shares of CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after buying an additional 275 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of CMS Energy by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock valued at $537,503,000 after buying an additional 719,093 shares during the period. 93.57% of the stock is owned by institutional investors.

CMS Energy Trading Down 0.3 %

Shares of CMS stock opened at $73.49 on Friday. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $75.06. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The firm has a market capitalization of $21.96 billion, a PE ratio of 22.13, a PEG ratio of 2.56 and a beta of 0.35. The stock has a fifty day simple moving average of $69.81 and a two-hundred day simple moving average of $69.11.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. On average, analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were given a dividend of $0.5425 per share. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.95%. CMS Energy’s dividend payout ratio (DPR) is presently 65.36%.

Insider Activity

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was 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. This trade represents a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Laura Wright sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the transaction, the director now owns 38,790 shares of the company’s stock, valued at approximately $2,709,093.60. The trade was a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,200 shares of company stock worth $789,532 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CMS. Scotiabank increased their price target on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley decreased their target price 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. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. UBS Group raised their target price on CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday. Finally, StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.36.

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.