Teacher Retirement System of Texas Trims Stock Position in CMS Energy Corporation $CMS

Teacher Retirement System of Texas lowered its holdings in CMS Energy Corporation (NYSE:CMS) by 45.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in CMS Energy during the 2nd quarter valued at about $238,951,000. Qube Research & Technologies Ltd raised its stake in CMS Energy by 1,048.7% in the second quarter. Qube Research & Technologies Ltd now owns 1,460,924 shares of the utilities provider’s stock worth $101,213,000 after buying an additional 1,333,743 shares in the last quarter. Soroban Capital Partners LP raised its position in shares of CMS Energy by 215.8% in the 2nd quarter. Soroban Capital Partners LP now owns 1,435,170 shares of the utilities provider’s stock worth $99,429,000 after acquiring an additional 980,733 shares in the last quarter. Vanguard Group Inc. raised its holdings in CMS Energy by 1.8% in the second quarter. Vanguard Group Inc. now owns 39,044,129 shares of the utilities provider’s stock worth $2,704,977,000 after purchasing an additional 702,713 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in CMS Energy by 236.2% during the third quarter. Assenagon Asset Management S.A. now owns 593,822 shares of the utilities provider’s stock worth $43,503,000 after acquiring an additional 417,183 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Trading Down 0.3%

CMS stock opened at $71.85 on Thursday. The company has a market capitalization of $21.86 billion, a PE ratio of 20.76, a P/E/G ratio of 2.56 and a beta of 0.49. The firm’s 50-day moving average is $71.21 and its 200 day moving average is $72.20. CMS Energy Corporation has a 12 month low of $65.17 and a 12 month high of $76.45. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.90 and a quick ratio of 0.60.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.07. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.83 billion. CMS Energy had a return on equity of 12.10% and a net margin of 12.62%.The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. On average, research analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current year.

Analysts Set New Price Targets

CMS has been the topic of several analyst reports. Morgan Stanley reiterated an “underperform” rating on shares of CMS Energy in a research note on Wednesday, January 21st. KeyCorp lifted their target price on shares of CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Barclays lowered their price objective on shares of CMS Energy from $82.00 to $74.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Wells Fargo & Company decreased their target price on CMS Energy from $77.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Finally, Wall Street Zen lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.25.

Insider Buying and Selling

In other news, SVP Brandon J. Hofmeister sold 4,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $72.47, for a total value of $289,880.00. Following the sale, the senior vice president directly owned 64,259 shares of the company’s stock, valued at $4,656,849.73. This represents a 5.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by corporate 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.