Teacher Retirement System of Texas Has $8.33 Million Holdings in CMS Energy Corporation (NYSE:CMS)

Teacher Retirement System of Texas lessened its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 44.8% during the first quarter, Holdings Channel.com reports. The firm owned 110,929 shares of the utilities provider’s stock after selling 90,090 shares during the quarter. Teacher Retirement System of Texas’ holdings in CMS Energy were worth $8,332,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in CMS Energy by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider’s stock valued at $2,544,370,000 after buying an additional 316,011 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of CMS Energy by 32.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider’s stock worth $950,227,000 after acquiring an additional 3,486,074 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of CMS Energy by 28.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider’s stock worth $649,264,000 after acquiring an additional 2,131,269 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of CMS Energy by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider’s stock valued at $505,869,000 after purchasing an additional 98,910 shares during the period. Finally, Northern Trust Corp boosted its position in shares of CMS Energy by 11.6% during the 4th quarter. Northern Trust Corp now owns 2,986,489 shares of the utilities provider’s stock valued at $199,049,000 after purchasing an additional 311,489 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Price Performance

Shares of NYSE CMS opened at $70.44 on Friday. The firm’s 50-day moving average price is $70.52 and its 200-day moving average price is $70.22. CMS Energy Corporation has a 1-year low of $58.50 and a 1-year high of $76.45. The firm has a market capitalization of $21.07 billion, a P/E ratio of 20.90, a P/E/G ratio of 2.51 and a beta of 0.38. The company has a current ratio of 1.06, a quick ratio of 0.84 and a debt-to-equity ratio of 1.87.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. The company’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 earnings per share. Equities research analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were given a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Friday, May 9th. CMS Energy’s payout ratio is presently 64.39%.

Wall Street Analyst Weigh In

CMS has been the topic of several research analyst reports. Wall Street Zen upgraded CMS Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley set a $71.00 target price on CMS Energy and gave the company an “equal weight” rating in a research report on Thursday, May 22nd. Scotiabank restated an “outperform” rating and set a $81.00 target price (up previously from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Wells Fargo & Company upped their target price on CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Finally, Jefferies Financial Group upped their target price on CMS Energy from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total transaction of $161,794.78. Following the completion of the sale, the senior vice president directly owned 69,571 shares of the company’s stock, valued at $5,121,121.31. The trade was a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by insiders.

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.