Kentucky Retirement Systems Insurance Trust Fund Has $628,000 Stock Holdings in CMS Energy Co. (NYSE:CMS)

Kentucky Retirement Systems Insurance Trust Fund grew its position in CMS Energy Co. (NYSE:CMS) by 6.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,420 shares of the utilities provider’s stock after buying an additional 575 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in CMS Energy were worth $628,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its stake in CMS Energy by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock valued at $537,503,000 after acquiring an additional 719,093 shares during the period. National Bank of Canada FI grew its position in shares of CMS Energy by 404.8% in the 3rd quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock valued at $63,053,000 after purchasing an additional 715,891 shares during the period. Assenagon Asset Management S.A. increased its stake in CMS Energy by 760.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider’s stock worth $46,664,000 after purchasing an additional 618,767 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in CMS Energy by 552.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock worth $39,978,000 after buying an additional 479,336 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in CMS Energy by 1,122.4% in the third quarter. Janus Henderson Group PLC now owns 479,203 shares of the utilities provider’s stock valued at $33,845,000 after buying an additional 440,000 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $67.22, for a total transaction of $134,440.00. Following the completion of the sale, the senior vice president now owns 63,197 shares in the company, valued at approximately $4,248,102.34. This trade represents a 3.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John G. Russell sold 28,750 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of 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 37,450 shares of company stock worth $2,495,020. 0.53% of the stock is owned by company insiders.

Analyst Ratings Changes

CMS has been the subject of several research reports. Guggenheim reissued a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a research report on Friday, February 7th. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. BMO Capital Markets cut their price target on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Scotiabank increased their price objective on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group initiated coverage on CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.15.

CMS Energy Trading Up 1.0 %

NYSE CMS opened at $70.20 on Thursday. The company has a market cap of $20.98 billion, a PE ratio of 21.14, a PEG ratio of 2.50 and a beta of 0.42. CMS Energy Co. has a 12 month low of $56.31 and a 12 month high of $72.40. The stock has a 50 day moving average of $67.00 and a 200-day moving average of $68.16. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. On average, equities research analysts anticipate that CMS Energy Co. will post 3.59 EPS 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. Shareholders of record on Monday, February 17th will be paid a $0.5425 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 14th. This represents a $2.17 annualized dividend and a yield of 3.09%. CMS Energy’s dividend payout ratio is currently 65.36%.

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.