CMS Energy Corp. (NYSE:CMS)’s share price gapped up before the market opened on Friday . The stock had previously closed at $43.67, but opened at $43.72. CMS Energy Corp. shares last traded at $43.96, with a volume of 744,460 shares trading hands.

Several equities analysts have recently issued reports on the company. SunTrust Banks Inc. reissued a “neutral” rating on shares of CMS Energy Corp. in a research note on Tuesday, August 2nd. BMO Capital Markets restated a “buy” rating on shares of CMS Energy Corp. in a research report on Friday, July 29th. Scotiabank started coverage on CMS Energy Corp. in a research report on Friday, July 15th. They set a “sector perform” rating and a $46.00 price target on the stock. Howard Weil started coverage on CMS Energy Corp. in a research report on Friday, July 15th. They set a “sector perform” rating and a $46.00 price target on the stock. Finally, Zacks Investment Research upgraded CMS Energy Corp. from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Thursday, July 14th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. CMS Energy Corp. has an average rating of “Hold” and a consensus price target of $43.75.

The firm has a market capitalization of $12.24 billion and a PE ratio of 22.48. The firm has a 50-day moving average of $44.85 and a 200-day moving average of $42.00.

CMS Energy Corp. (NYSE:CMS) last issued 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 analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities analysts expect that CMS Energy Corp. will post $2.02 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Friday, August 5th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $1.24 annualized dividend and a dividend yield of 2.83%.

In other CMS Energy Corp. news, SVP Catherine M. Reynolds sold 11,032 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $43.59, for a total transaction of $480,884.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Daniel J. Malone sold 3,639 shares of the firm’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $40.95, for a total value of $149,017.05. Following the transaction, the senior vice president now owns 149,331 shares in the company, valued at $6,115,104.45. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. I.G. Investment Management LTD. increased its position in CMS Energy Corp. by 357.6% in the fourth quarter. I.G. Investment Management LTD. now owns 288,300 shares of the company’s stock valued at $10,402,000 after buying an additional 225,300 shares during the last quarter. Wells Fargo & Company MN increased 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 valued at $39,221,000 after buying an additional 159,802 shares during the last quarter. Morgan Stanley increased its position in CMS Energy Corp. by 27.4% in the fourth quarter. Morgan Stanley now owns 513,757 shares of the company’s stock valued at $18,536,000 after buying an additional 110,405 shares during the last quarter. Calvert Investment Management Inc. increased its position in CMS Energy Corp. by 59.9% in the fourth quarter. Calvert Investment Management Inc. now owns 51,179 shares of the company’s stock valued at $1,847,000 after buying an additional 19,168 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased 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 valued at $1,894,000 after buying an additional 17,204 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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