California Public Employees Retirement System Has $91.60 Million Stock Holdings in CMS Energy Co. (NYSE:CMS)

California Public Employees Retirement System lifted its holdings in shares of CMS Energy Co. (NYSE:CMS) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,374,324 shares of the utilities provider’s stock after purchasing an additional 24,399 shares during the quarter. California Public Employees Retirement System owned approximately 0.46% of CMS Energy worth $91,599,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its position in CMS Energy by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider’s stock worth $2,544,370,000 after buying an additional 316,011 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of CMS Energy by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock valued at $528,713,000 after acquiring an additional 105,062 shares in the last quarter. Norges Bank bought a new position in shares of CMS Energy in the 4th quarter valued at approximately $171,798,000. Charles Schwab Investment Management Inc. lifted its holdings in CMS Energy by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,879,271 shares of the utilities provider’s stock worth $125,253,000 after purchasing an additional 56,882 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in CMS Energy by 10.0% in the 4th quarter. Truist Financial Corp now owns 1,621,562 shares of the utilities provider’s stock worth $108,077,000 after purchasing an additional 147,540 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Performance

Shares of NYSE CMS opened at $75.20 on Tuesday. The firm has a market capitalization of $22.47 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a one year low of $56.61 and a one year high of $75.55. The business has a fifty day simple moving average of $70.61 and a 200 day simple moving average of $69.31. 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 earnings per share (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%. Sell-side analysts expect that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were paid a $0.5425 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy’s dividend payout ratio is currently 65.36%.

Insider Transactions at CMS Energy

In related news, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the sale, the chief accounting officer now owns 21,643 shares in the company, valued at $1,509,815.68. This trade represents a 23.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Laura Wright sold 2,500 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the transaction, the director now owns 38,790 shares in the company, valued at approximately $2,709,093.60. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,200 shares of company stock valued at $789,532. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CMS shares. Guggenheim restated a “neutral” rating and issued a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. BMO Capital Markets boosted their target price on shares of CMS Energy from $73.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, March 24th. Scotiabank upped their price target on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Finally, Bank of America raised their target price on CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a report on Monday, March 24th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.36.

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.