Public Employees Retirement System of Ohio Sells 1,190 Shares of CMS Energy Co. (CMS)

Public Employees Retirement System of Ohio reduced its position in shares of CMS Energy Co. (NYSE:CMS) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 122,075 shares of the utilities provider’s stock after selling 1,190 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in CMS Energy were worth $5,655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Capital International Investors increased its stake in shares of CMS Energy by 68.9% in the 3rd quarter. Capital International Investors now owns 9,853,468 shares of the utilities provider’s stock valued at $456,413,000 after acquiring an additional 4,018,068 shares during the last quarter. BlackRock Inc. increased its stake in shares of CMS Energy by 11.6% in the 2nd quarter. BlackRock Inc. now owns 25,533,148 shares of the utilities provider’s stock valued at $1,180,906,000 after acquiring an additional 2,653,503 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of CMS Energy by 11.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock valued at $961,152,000 after acquiring an additional 2,145,055 shares during the last quarter. Eaton Vance Management increased its stake in shares of CMS Energy by 339.0% in the 2nd quarter. Eaton Vance Management now owns 2,534,240 shares of the utilities provider’s stock valued at $117,209,000 after acquiring an additional 1,957,005 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of CMS Energy by 3,063.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,302,969 shares of the utilities provider’s stock valued at $60,263,000 after acquiring an additional 1,261,775 shares during the last quarter. 87.15% of the stock is owned by hedge funds and other institutional investors.

In other CMS Energy news, insider David G. Mengebier sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $49.48, for a total transaction of $123,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $48.02, for a total value of $48,020.00. Following the transaction, the insider now directly owns 28,176 shares of the company’s stock, valued at approximately $1,353,011.52. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

CMS Energy Co. (CMS) opened at $47.35 on Monday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.59. CMS Energy Co. has a 12-month low of $41.12 and a 12-month high of $50.85. The stock has a market capitalization of $13,327.92, a P/E ratio of 24.53, a P/E/G ratio of 3.37 and a beta of 0.19.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.07. CMS Energy had a return on equity of 12.30% and a net margin of 8.38%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period in the previous year, the firm earned $0.70 EPS. CMS Energy’s quarterly revenue was down 3.8% compared to the same quarter last year. research analysts anticipate that CMS Energy Co. will post 2.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 3rd were given a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Thursday, November 2nd. CMS Energy’s dividend payout ratio (DPR) is currently 68.91%.

Several brokerages recently issued reports on CMS. Royal Bank of Canada reiterated a “hold” rating and issued a $46.00 price objective on shares of CMS Energy in a research report on Monday, September 11th. KeyCorp reiterated a “buy” rating and issued a $51.00 price objective on shares of CMS Energy in a research report on Friday, October 20th. Wells Fargo & Co upgraded CMS Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, December 18th. Zacks Investment Research lowered CMS Energy from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $47.00 price objective on shares of CMS Energy in a research report on Wednesday, October 4th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $49.15.

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About CMS Energy

CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.

Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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