Teacher Retirement System of Texas Trims Holdings in CMS Energy Corporation $CMS

Teacher Retirement System of Texas decreased its position in CMS Energy Corporation (NYSE:CMS) by 45.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,193 shares of the utilities provider’s stock after selling 32,197 shares during the period. Teacher Retirement System of Texas’ holdings in CMS Energy were worth $2,871,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CMS. HM Payson & Co. boosted its holdings in CMS Energy by 65.6% during the 3rd quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 141 shares during the period. Private Trust Co. NA lifted its holdings in CMS Energy by 10.1% during the 3rd quarter. Private Trust Co. NA now owns 1,562 shares of the utilities provider’s stock worth $114,000 after buying an additional 143 shares during the last quarter. Tobam raised its holdings in CMS Energy by 35.0% during the second quarter. Tobam now owns 559 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 145 shares in the last quarter. Covestor Ltd boosted its stake in CMS Energy by 52.0% in the third quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 145 shares in the last quarter. Finally, Nicholson Wealth Management Group LLC boosted its position in shares of CMS Energy by 0.7% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 23,495 shares of the utilities provider’s stock valued at $1,628,000 after purchasing an additional 158 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Performance

CMS Energy stock opened at $71.85 on Thursday. The stock’s 50 day moving average price is $71.21 and its 200 day moving average price is $72.20. CMS Energy Corporation has a one year low of $65.17 and a one year high of $76.45. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.60 and a current ratio of 0.90. The firm has a market capitalization of $21.86 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 2.56 and a beta of 0.49.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, October 30th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. CMS Energy had a return on equity of 12.10% and a net margin of 12.62%.The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the company earned $0.84 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, sell-side analysts expect that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. KeyCorp raised their price target on CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. UBS Group decreased their target price on shares of CMS Energy from $81.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Wall Street Zen cut CMS Energy from a “hold” rating to a “sell” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. increased their price objective on shares of CMS Energy from $80.00 to $81.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, Barclays dropped their price target on CMS Energy from $82.00 to $74.00 and set an “overweight” rating for the company in a research report on Wednesday, January 14th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.25.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $72.47, for a total value of $289,880.00. Following the transaction, the senior vice president owned 64,259 shares of the company’s stock, valued at $4,656,849.73. This trade represents a 5.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.49% of the stock is currently owned by insiders.

About CMS Energy

CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.

Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.