Shares of CMS Energy Corp. (NYSE:CMS) traded down 1.9% on Wednesday . The company traded as low as $44.17 and last traded at $44.17, with a volume of 877,941 shares traded. The stock had previously closed at $45.03.

A number of analysts have weighed in on the company. KeyCorp reiterated an “outperform” rating and set a $47.00 price target (up from $45.00) on shares of CMS Energy Corp. in a report on Saturday, July 2nd. SunTrust Banks Inc. reiterated a “neutral” rating on shares of CMS Energy Corp. in a report on Tuesday. Zacks Investment Research upgraded CMS Energy Corp. from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Thursday, July 14th. BMO Capital Markets reiterated a “buy” rating on shares of CMS Energy Corp. in a report on Friday, July 29th. Finally, Scotiabank assumed coverage on CMS Energy Corp. in a report on Friday, July 15th. They set a “sector perform” rating and a $46.00 price target for the company. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $43.75.

The firm’s 50-day moving average is $44.82 and its 200 day moving average is $41.71. The firm has a market cap of $12.31 billion and a price-to-earnings ratio of 22.62.

CMS Energy Corp. (NYSE:CMS) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. The business earned $1.37 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities analysts expect that CMS Energy Corp. will post $2.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Friday, August 5th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, August 3rd.

In other CMS Energy Corp. news, CEO John G. Russell sold 196,000 shares of the business’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $41.04, for a total value of $8,043,840.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Daniel J. Malone sold 3,639 shares of the business’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $40.95, for a total transaction of $149,017.05. Following the completion of the transaction, the senior vice president now owns 149,331 shares in the company, valued at approximately $6,115,104.45. The disclosure for this sale can be found here.

Other institutional investors have recently added to or reduced their stakes in the company. Alpine Woods Capital Investors LLC boosted its position in CMS Energy Corp. by 5.1% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 551,800 shares of the company’s stock worth $19,909,000 after buying an additional 26,900 shares during the last quarter. KBC Group boosted its position in CMS Energy Corp. by 82.1% in the third quarter. KBC Group now owns 130,999 shares of the company’s stock worth $4,627,000 after buying an additional 59,073 shares during the last quarter. Wells Fargo & Company MN boosted its position in CMS Energy Corp. by 17.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,087,036 shares of the company’s stock worth $39,221,000 after buying an additional 159,802 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in CMS Energy Corp. by 48.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 52,486 shares of the company’s stock worth $1,894,000 after buying an additional 17,204 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its position in CMS Energy Corp. by 4.0% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 328,702 shares of the company’s stock worth $12,219,000 after buying an additional 12,690 shares during the last quarter.

CMS Energy Corporation (CMS Energy) is an energy company operating primarily in Michigan. The Company operates in three segments, which include Consumers Electric Utility, Consumers Gas Utility and Enterprises (non-utility operations and investments). CMS Energy, through its subsidiaries and equity investments, is engaged primarily in independent power production and owns power generation facilities fueled by natural gas and biomass.

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