Kentucky Retirement Systems Insurance Trust Fund Purchases 575 Shares of CMS Energy Co. (NYSE:CMS)

Kentucky Retirement Systems Insurance Trust Fund grew its holdings in CMS Energy Co. (NYSE:CMS) by 6.5% in the fourth quarter, HoldingsChannel reports. The fund owned 9,420 shares of the utilities provider’s stock after buying an additional 575 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in CMS Energy were worth $628,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CMS. BKM Wealth Management LLC boosted its stake in shares of CMS Energy by 5.7% in the fourth quarter. BKM Wealth Management LLC now owns 9,958 shares of the utilities provider’s stock valued at $664,000 after buying an additional 535 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of CMS Energy by 76.5% during the 4th quarter. Venturi Wealth Management LLC now owns 2,670 shares of the utilities provider’s stock worth $178,000 after buying an additional 1,157 shares in the last quarter. Truist Financial Corp increased its stake in shares of CMS Energy by 10.0% in the 4th quarter. Truist Financial Corp now owns 1,621,562 shares of the utilities provider’s stock valued at $108,077,000 after acquiring an additional 147,540 shares in the last quarter. CIBC Asset Management Inc boosted its stake in CMS Energy by 1.1% during the fourth quarter. CIBC Asset Management Inc now owns 130,647 shares of the utilities provider’s stock worth $8,695,000 after acquiring an additional 1,469 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in CMS Energy by 5.6% in the fourth quarter. Sanctuary Advisors LLC now owns 36,845 shares of the utilities provider’s stock worth $2,439,000 after purchasing an additional 1,941 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CMS. Scotiabank increased their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Jefferies Financial Group initiated coverage on CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target on the stock. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Morgan Stanley reduced their price target on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, BMO Capital Markets dropped their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.15.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $67.22, for a total value of $134,440.00. Following the sale, the senior vice president now directly owns 63,197 shares in the company, valued at approximately $4,248,102.34. The trade was a 3.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John G. Russell sold 28,750 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the transaction, the director now owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,450 shares of company stock worth $2,495,020 in the last quarter. Insiders own 0.53% of the company’s stock.

CMS Energy Stock Performance

Shares of CMS opened at $70.20 on Thursday. The stock has a 50 day moving average of $67.00 and a 200 day moving average of $68.16. 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 Co. has a 12 month low of $56.31 and a 12 month high of $72.40. The company has a market capitalization of $20.98 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 2.50 and a beta of 0.42.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. As a group, sell-side analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 17th will be given a dividend of $0.5425 per share. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Friday, February 14th. CMS Energy’s dividend payout ratio is currently 65.36%.

CMS Energy Company 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.