CMS Energy Co. (NYSE:CMS) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lowered its stake in shares of CMS Energy Co. (NYSE:CMS) by 20.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,675 shares of the utilities provider’s stock after selling 12,176 shares during the quarter. Texas Permanent School Fund Corp’s holdings in CMS Energy were worth $2,898,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its holdings in shares of CMS Energy by 48,203.8% in the 1st quarter. Lazard Asset Management LLC now owns 50,719 shares of the utilities provider’s stock valued at $3,059,000 after acquiring an additional 50,614 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of CMS Energy by 16.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 352,451 shares of the utilities provider’s stock valued at $21,267,000 after acquiring an additional 49,630 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of CMS Energy by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,038,851 shares of the utilities provider’s stock valued at $60,326,000 after acquiring an additional 18,636 shares during the period. Hsbc Holdings PLC increased its holdings in shares of CMS Energy by 132.8% in the 4th quarter. Hsbc Holdings PLC now owns 1,071,473 shares of the utilities provider’s stock valued at $62,100,000 after acquiring an additional 611,282 shares during the period. Finally, Duality Advisers LP increased its holdings in shares of CMS Energy by 1,854.4% in the 1st quarter. Duality Advisers LP now owns 114,193 shares of the utilities provider’s stock valued at $6,890,000 after acquiring an additional 108,350 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Price Performance

Shares of NYSE CMS opened at $70.09 on Monday. The firm has a market capitalization of $20.94 billion, a P/E ratio of 21.37, a PEG ratio of 2.75 and a beta of 0.40. CMS Energy Co. has a one year low of $49.87 and a one year high of $70.12. The company’s fifty day moving average is $65.22 and its two-hundred day moving average is $61.90. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the firm earned $0.75 EPS. The business’s revenue was up 3.3% on a year-over-year basis. Analysts forecast that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were given a $0.51 dividend. The ex-dividend date was Friday, August 2nd. This represents a $2.04 annualized dividend and a dividend yield of 2.91%. CMS Energy’s dividend payout ratio is presently 62.80%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CMS shares. Evercore ISI raised shares of CMS Energy to a “hold” rating in a report on Friday, July 26th. Scotiabank boosted their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Guggenheim boosted their price objective on shares of CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company boosted their price objective on shares of CMS Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Barclays boosted their price objective on shares of CMS Energy from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 13th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and an average target price of $67.33.

About CMS Energy

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.