State of Alaska Department of Revenue Lowers Stake in CMS Energy Co. (NYSE:CMS)

State of Alaska Department of Revenue decreased its stake in CMS Energy Co. (NYSE:CMS) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,065 shares of the utilities provider’s stock after selling 2,763 shares during the period. State of Alaska Department of Revenue’s holdings in CMS Energy were worth $2,270,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CMS. Cetera Investment Advisers boosted its position in shares of CMS Energy by 6.2% in the second quarter. Cetera Investment Advisers now owns 27,850 shares of the utilities provider’s stock worth $1,658,000 after buying an additional 1,631 shares during the period. CWM LLC boosted its position in shares of CMS Energy by 31.3% in the third quarter. CWM LLC now owns 12,407 shares of the utilities provider’s stock worth $876,000 after buying an additional 2,959 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of CMS Energy by 772.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,179 shares of the utilities provider’s stock worth $295,000 after buying an additional 3,700 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of CMS Energy by 10.6% in the third quarter. Exchange Traded Concepts LLC now owns 12,056 shares of the utilities provider’s stock worth $852,000 after buying an additional 1,159 shares during the period. Finally, Creative Planning boosted its position in shares of CMS Energy by 1.6% in the third quarter. Creative Planning now owns 33,261 shares of the utilities provider’s stock worth $2,349,000 after buying an additional 524 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Transactions at CMS Energy

In related news, Director John G. Russell sold 28,750 shares of the firm’s 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 sale, the director now directly owns 144,059 shares in the company, valued at $9,486,285.15. This trade represents a 16.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the sale, the senior vice president now owns 64,771 shares in the company, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,686 shares of company stock worth $2,228,084. 0.40% of the stock is currently owned by company insiders.

CMS Energy Stock Up 0.6 %

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

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Equities research analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 17th will be given a dividend of $0.5425 per share. 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 is presently 62.05%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Mizuho downgraded CMS Energy from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Wells Fargo & Company increased their price target on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays increased their price target on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Jefferies Financial Group started coverage on CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target for the company. Finally, Guggenheim reissued a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.15.

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.