CMS Energy Corporation $CMS Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its stake in shares of CMS Energy Corporation (NYSE:CMS) by 14.6% during the third quarter, HoldingsChannel reports. The firm owned 126,207 shares of the utilities provider’s stock after selling 21,600 shares during the quarter. New York State Common Retirement Fund’s holdings in CMS Energy were worth $9,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CMS. HM Payson & Co. raised its stake in CMS Energy by 65.6% in the 3rd quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 141 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of CMS Energy by 10.1% in the third quarter. Private Trust Co. NA now owns 1,562 shares of the utilities provider’s stock valued at $114,000 after purchasing an additional 143 shares during the period. Tobam raised its stake in shares of CMS Energy by 35.0% in the second quarter. Tobam now owns 559 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 145 shares during the last quarter. Covestor Ltd lifted its holdings in shares of CMS Energy by 52.0% during the third quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 145 shares during the period. Finally, Nicholson Wealth Management Group LLC boosted its position in CMS Energy by 0.7% in the second quarter. Nicholson Wealth Management Group LLC now owns 23,495 shares of the utilities provider’s stock valued at $1,628,000 after buying an additional 158 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Up 1.8%

CMS Energy stock opened at $71.80 on Wednesday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.90 and a quick ratio of 0.60. The stock has a market capitalization of $21.85 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 2.50 and a beta of 0.47. The business has a 50 day simple moving average of $70.98 and a 200-day simple moving average of $72.22. CMS Energy Corporation has a 12 month low of $65.50 and a 12 month high of $76.45.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CMS. JPMorgan Chase & Co. lifted their price objective on shares of CMS Energy from $80.00 to $81.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Wolfe Research set a $82.00 target price on shares of CMS Energy in a research report on Friday. Jefferies Financial Group upped their price target on shares of CMS Energy from $79.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Wells Fargo & Company reduced their price objective on CMS Energy from $77.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Finally, Morgan Stanley boosted their price objective on CMS Energy from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and an average target price of $77.69.

CMS Energy Company Profile

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.