Retirement Systems of Alabama Has $4.31 Million Holdings in CMS Energy Co. (NYSE:CMS)

Retirement Systems of Alabama cut its stake in shares of CMS Energy Co. (NYSE:CMS) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,691 shares of the utilities provider’s stock after selling 513 shares during the period. Retirement Systems of Alabama’s holdings in CMS Energy were worth $4,312,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. grew its stake 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 purchasing an additional 275 shares during the period. Richardson Financial Services Inc. grew its stake in shares of CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 235 shares during the period. Brooklyn Investment Group acquired a new stake in shares of CMS Energy during the third quarter worth $40,000. Covestor Ltd grew its stake in CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 472 shares during the period. Finally, Values First Advisors Inc. acquired a new position in CMS Energy in the third quarter valued at about $56,000. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Stock Performance

CMS opened at $69.14 on Tuesday. CMS Energy Co. has a 52-week low of $55.10 and a 52-week high of $72.40. The firm has a market capitalization of $20.66 billion, a PE ratio of 20.83, a PEG ratio of 2.48 and a beta of 0.42. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.83 and a current ratio of 1.23. The business’s 50-day simple moving average is $66.77 and its 200 day simple moving average is $67.93.

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

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders 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 dividend yield of 3.14%. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 14th. CMS Energy’s dividend payout ratio (DPR) is presently 62.05%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wells Fargo & Company boosted their target price on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Scotiabank boosted their target price on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Barclays boosted their target price on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. BMO Capital Markets decreased their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Morgan Stanley decreased their target price on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.15.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction that occurred on 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 owns 64,771 shares in the company, valued at $4,415,439.07. The trade was a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John G. Russell sold 28,750 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was 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 approximately $9,486,285.15. This trade represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 33,686 shares of company stock worth $2,228,084. 0.40% of the stock is owned by company 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.