Public Employees Retirement System of Ohio Decreases Stake in CMS Energy Co. (NYSE:CMS)

Public Employees Retirement System of Ohio reduced its stake in shares of CMS Energy Co. (NYSE:CMS) by 0.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 101,130 shares of the utilities provider’s stock after selling 565 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in CMS Energy were worth $6,467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in CMS Energy by 6.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,830,525 shares of the utilities provider’s stock worth $967,922,000 after acquiring an additional 1,064,151 shares during the period. State Street Corp lifted its holdings in shares of CMS Energy by 1.1% during the third quarter. State Street Corp now owns 14,734,512 shares of the utilities provider’s stock worth $942,272,000 after purchasing an additional 164,375 shares during the period. Invesco Ltd. lifted its holdings in shares of CMS Energy by 12.0% during the second quarter. Invesco Ltd. now owns 4,951,936 shares of the utilities provider’s stock worth $286,766,000 after purchasing an additional 530,360 shares during the period. Pictet Asset Management Ltd. lifted its holdings in shares of CMS Energy by 16.4% during the third quarter. Pictet Asset Management Ltd. now owns 4,705,646 shares of the utilities provider’s stock worth $300,926,000 after purchasing an additional 664,178 shares during the period. Finally, Northern Trust Corp boosted its position in CMS Energy by 3.1% in the second quarter. Northern Trust Corp now owns 3,776,017 shares of the utilities provider’s stock valued at $218,670,000 after buying an additional 113,585 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

CMS has been the topic of several research reports. Argus set a $66.00 price target on shares of CMS Energy and gave the stock a “buy” rating in a report on Monday, August 12th. Wells Fargo & Co lifted their price objective on shares of CMS Energy from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Monday, August 26th. UBS Group upped their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, September 6th. JPMorgan Chase & Co. dropped their price objective on shares of CMS Energy from $72.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 14th. Finally, Morgan Stanley increased their price objective on shares of CMS Energy from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, September 6th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $61.21.

Shares of CMS stock opened at $60.87 on Tuesday. CMS Energy Co. has a twelve month low of $47.63 and a twelve month high of $65.31. The stock has a market cap of $17.40 billion, a P/E ratio of 26.12, a P/E/G ratio of 3.83 and a beta of 0.05. The stock has a 50 day moving average of $62.12 and a 200 day moving average of $60.53. The company has a current ratio of 1.06, a quick ratio of 0.74 and a debt-to-equity ratio of 2.43.

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CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, October 24th. The utilities provider reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.06. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.65 billion. CMS Energy had a return on equity of 12.80% and a net margin of 9.03%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. On average, research analysts predict that CMS Energy Co. will post 2.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 1st were paid a $0.3825 dividend. This represents a $1.53 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Thursday, October 31st. CMS Energy’s dividend payout ratio is currently 65.67%.

In other news, Director John G. Russell sold 5,600 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $64.04, for a total transaction of $358,624.00. Following the sale, the director now directly owns 212,511 shares in the company, valued at approximately $13,609,204.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Dhenuvakonda Rao Venkat sold 750 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $62.74, for a total value of $47,055.00. Following the sale, the senior vice president now owns 32,400 shares in the company, valued at $2,032,776. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,090 shares of company stock valued at $1,318,440. Company insiders own 0.52% of the company’s stock.

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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