California State Teachers Retirement System Sells 6,254 Shares of CMS Energy Co. (NYSE:CMS)

California State Teachers Retirement System lessened its stake in CMS Energy Co. (NYSE:CMS – Get Rating) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 458,595 shares of the utilities provider’s stock after selling 6,254 shares during the period. California State Teachers Retirement System’s holdings in CMS Energy were worth $26,709,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Covington Capital Management bought a new stake in shares of CMS Energy in the third quarter valued at about $27,000. Motco bought a new stake in shares of CMS Energy in the third quarter valued at about $29,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of CMS Energy in the third quarter valued at about $34,000. Parkside Financial Bank & Trust lifted its stake in shares of CMS Energy by 63.9% in the third quarter. Parkside Financial Bank & Trust now owns 821 shares of the utilities provider’s stock valued at $48,000 after buying an additional 320 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of CMS Energy in the second quarter valued at about $70,000. Institutional investors own 92.16% of the company’s stock.

Insider Activity

In other news, SVP Shaun M. Johnson sold 814 shares of the stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $61.74, for a total transaction of $50,256.36. Following the sale, the senior vice president now directly owns 57,304 shares of the company’s stock, valued at $3,537,948.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Shaun M. Johnson sold 814 shares of the stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $61.74, for a total transaction of $50,256.36. Following the sale, the senior vice president now directly owns 57,304 shares of the company’s stock, valued at $3,537,948.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 1,250 shares of the stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $60.00, for a total transaction of $75,000.00. Following the sale, the senior vice president now directly owns 64,131 shares in the company, valued at $3,847,860. The disclosure for this sale can be found here. Insiders have sold 7,314 shares of company stock valued at $447,136 over the last three months. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

CMS has been the subject of several research reports. Bank of America upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and reduced their target price for the company from $68.00 to $66.00 in a research note on Wednesday, March 8th. StockNews.com began coverage on shares of CMS Energy in a research report on Thursday. They issued a “sell” rating for the company. Morgan Stanley dropped their price target on shares of CMS Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $71.00 price target on shares of CMS Energy in a research report on Wednesday, February 8th. Finally, Wells Fargo & Company dropped their price target on shares of CMS Energy from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, February 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $67.20.

CMS Energy Stock Performance

NYSE CMS opened at $61.34 on Friday. The firm has a market cap of $17.89 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 2.47 and a beta of 0.34. The company has a 50 day moving average of $61.55 and a 200-day moving average of $61.33. The company has a current ratio of 1.15, a quick ratio of 0.78 and a debt-to-equity ratio of 1.79. CMS Energy Co. has a 1-year low of $52.41 and a 1-year high of $73.76.

CMS Energy (NYSE:CMS – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The utilities provider reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.05 billion. CMS Energy had a net margin of 9.74% and a return on equity of 11.57%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. On average, equities analysts forecast that CMS Energy Co. will post 3.11 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Monday, February 13th were paid a dividend of $0.4875 per share. This is a boost from CMS Energy’s previous quarterly dividend of $0.46. This represents a $1.95 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Friday, February 10th. CMS Energy’s dividend payout ratio is 68.42%.

About CMS Energy

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CMS Energy Corp. engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment focuses on generation, purchase, distribution, and sale of electricity. The Gas Utility segment includes purchase, transmission, storage, distribution, and sale of natural gas.