Public Employees Retirement System of Ohio Sells 3,474 Shares of CMS Energy Co. (NYSE:CMS)

Public Employees Retirement System of Ohio lowered its position in shares of CMS Energy Co. (NYSE:CMS) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,035 shares of the utilities provider’s stock after selling 3,474 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in CMS Energy were worth $6,662,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. TCF National Bank boosted its position in CMS Energy by 2.7% during the second quarter. TCF National Bank now owns 6,245 shares of the utilities provider’s stock valued at $362,000 after acquiring an additional 165 shares during the last quarter. Advisors Asset Management Inc. boosted its position in CMS Energy by 0.9% during the second quarter. Advisors Asset Management Inc. now owns 19,433 shares of the utilities provider’s stock valued at $1,135,000 after acquiring an additional 177 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in CMS Energy by 0.4% during the second quarter. Commonwealth Equity Services LLC now owns 47,276 shares of the utilities provider’s stock valued at $2,761,000 after acquiring an additional 182 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in CMS Energy by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the utilities provider’s stock valued at $719,000 after acquiring an additional 200 shares during the last quarter. Finally, CVA Family Office LLC boosted its position in CMS Energy by 87.0% during the second quarter. CVA Family Office LLC now owns 430 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. 92.07% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Jean-Francois Brossoit sold 699 shares of CMS Energy stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $61.00, for a total value of $42,639.00. Following the completion of the transaction, the senior vice president now directly owns 51,548 shares in the company, valued at approximately $3,144,428. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Catherine A. Hendrian sold 1,584 shares of CMS Energy stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $62.78, for a total transaction of $99,443.52. Following the completion of the transaction, the senior vice president now owns 41,218 shares of the company’s stock, valued at $2,587,666.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,743 shares of company stock valued at $538,927. 0.50% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of CMS Energy from $70.00 to $63.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Citigroup increased their price objective on shares of CMS Energy from $60.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Seaport Global Securities began coverage on shares of CMS Energy in a research report on Wednesday, May 20th. They issued a “buy” rating and a $61.50 price target on the stock. BMO Capital Markets began coverage on shares of CMS Energy in a research report on Thursday, July 9th. They issued an “outperform” rating and a $63.00 price target on the stock. Finally, Credit Suisse Group dropped their price target on shares of CMS Energy from $59.00 to $57.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $63.27.

NYSE:CMS opened at $61.49 on Wednesday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.97 and a current ratio of 1.13. The firm has a market cap of $17.49 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 3.31 and a beta of 0.14. CMS Energy Co. has a 52 week low of $46.03 and a 52 week high of $69.17. The firm has a 50-day moving average price of $61.55 and a two-hundred day moving average price of $59.63.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.04. CMS Energy had a net margin of 11.33% and a return on equity of 15.32%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the business posted $0.33 EPS. CMS Energy’s quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts forecast that CMS Energy Co. will post 2.65 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 7th were paid a dividend of $0.4075 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.63 annualized dividend and a dividend yield of 2.65%. CMS Energy’s payout ratio is currently 65.46%.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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

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