Texas Permanent School Fund Grows Holdings in CMS Energy Co. (NYSE:CMS)

Texas Permanent School Fund grew its stake in shares of CMS Energy Co. (NYSE:CMSGet Rating) by 7.2% in the third quarter, Holdings Channel reports. The firm owned 41,061 shares of the utilities provider’s stock after acquiring an additional 2,740 shares during the period. Texas Permanent School Fund’s holdings in CMS Energy were worth $2,391,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Hallmark Capital Management Inc. purchased a new stake in CMS Energy in the 2nd quarter valued at about $34,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of CMS Energy in the third quarter valued at approximately $34,000. Clear Street Markets LLC grew its stake in CMS Energy by 409.2% in the second quarter. Clear Street Markets LLC now owns 606 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 487 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in CMS Energy during the 1st quarter worth $50,000. Finally, AdvisorNet Financial Inc raised its position in CMS Energy by 48.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 886 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 291 shares in the last quarter. 92.16% of the stock is currently owned by institutional investors.

CMS Energy Stock Performance

CMS opened at $64.44 on Monday. CMS Energy Co. has a 52-week low of $52.41 and a 52-week high of $73.76. The firm’s fifty day simple moving average is $60.96 and its two-hundred day simple moving average is $63.42. The company has a quick ratio of 0.69, a current ratio of 1.22 and a debt-to-equity ratio of 1.75. The company has a market cap of $18.70 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 2.52 and a beta of 0.32.

CMS Energy (NYSE:CMSGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The utilities provider reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates of $0.56. CMS Energy had a return on equity of 11.22% and a net margin of 15.63%. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.76 billion. Equities analysts anticipate that CMS Energy Co. will post 2.89 earnings per share for the current fiscal year.

CMS Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Shareholders of record on Friday, November 4th were issued a $0.46 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $1.84 annualized dividend and a yield of 2.86%. CMS Energy’s payout ratio is 41.16%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wells Fargo & Company raised their price target on CMS Energy from $68.00 to $74.00 in a research note on Wednesday, December 14th. TheStreet lowered shares of CMS Energy from a “b-” rating to a “c+” rating in a report on Tuesday, October 18th. Mizuho dropped their price objective on shares of CMS Energy from $73.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, October 21st. Morgan Stanley boosted their price objective on shares of CMS Energy from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 15th. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of CMS Energy in a research report on Thursday, October 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and an average target price of $67.40.

Insider Activity

In related news, SVP Shaun M. Johnson sold 420 shares of the company’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $60.80, for a total value of $25,536.00. Following the transaction, the senior vice president now directly owns 44,425 shares in the company, valued at $2,701,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CMS Energy news, SVP Shaun M. Johnson sold 420 shares of the business’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $60.80, for a total transaction of $25,536.00. Following the sale, the senior vice president now directly owns 44,425 shares in the company, valued at $2,701,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott B. Mcintosh sold 875 shares of CMS Energy stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $57.17, for a total transaction of $50,023.75. Following the completion of the transaction, the chief accounting officer now owns 22,907 shares of the company’s stock, valued at approximately $1,309,593.19. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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