Public Sector Pension Investment Board Increases Stock Holdings in CMS Energy Co. (NYSE:CMS)

Public Sector Pension Investment Board boosted its stake in CMS Energy Co. (NYSE:CMS) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,185 shares of the utilities provider’s stock after acquiring an additional 1,500 shares during the quarter. Public Sector Pension Investment Board’s holdings in CMS Energy were worth $3,686,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CMS. First Horizon Advisors Inc. lifted its holdings in CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after buying an additional 275 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of CMS Energy in the 3rd quarter worth approximately $40,000. Covestor Ltd grew its position in shares of CMS Energy by 206.1% during the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 472 shares during the last quarter. TruNorth Capital Management LLC boosted its stake in CMS Energy by 431.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 578 shares during the period. Finally, Innealta Capital LLC bought a new position in CMS Energy in the 2nd quarter worth about $43,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Down 1.9 %

Shares of CMS Energy stock opened at $68.40 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40. The firm has a market capitalization of $20.44 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.78 and a beta of 0.41. The stock’s fifty day moving average is $69.70 and its 200-day moving average is $65.81.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. Equities analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.01%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, November 13th. CMS Energy’s payout ratio is presently 58.86%.

Insider Buying and Selling at CMS Energy

In related news, CAO Scott B. Mcintosh sold 936 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the transaction, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the 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 of the company’s stock, valued at approximately $4,415,439.07. The trade was a 3.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CMS shares. Mizuho downgraded CMS Energy from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. KeyCorp boosted their price target on CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. StockNews.com lowered CMS Energy from a “hold” rating to a “sell” rating in a report on Thursday, November 28th. Bank of America upped their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, Barclays upped their price target on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.21.

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.