CMS Energy Corp. (NYSE:CMS)’s share price fell 2.3% during mid-day trading on Friday . The company traded as low as $41.90 and last traded at $41.96, with a volume of 1,752,708 shares. The stock had previously closed at $42.96.

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

The firm’s 50 day moving average is $44.18 and its 200 day moving average is $42.29. The company has a market cap of $11.71 billion and a PE ratio of 21.50.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Friday, August 5th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.96%.

In other news, SVP Catherine M. Reynolds sold 11,032 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $43.59, for a total value of $480,884.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Brian F. Rich sold 2,135 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $43.17, for a total value of $92,167.95. Following the completion of the sale, the senior vice president now directly owns 49,330 shares in the company, valued at $2,129,576.10. The disclosure for this sale can be found here.

Other large investors recently added to or reduced their stakes in the company. I.G. Investment Management LTD. boosted its stake 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 worth $10,402,000 after buying an additional 225,300 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in CMS Energy Corp. by 11.4% in the fourth quarter. Advisors Asset Management Inc. now owns 41,920 shares of the company’s stock valued at $1,512,000 after buying an additional 4,304 shares during the period. Principal Financial Group Inc. boosted its stake in CMS Energy Corp. by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 396,295 shares of the company’s stock valued at $14,298,000 after buying an additional 8,764 shares during the period. Morgan Stanley boosted its stake 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 period. Finally, Mutual of America Capital Management LLC boosted its stake in CMS Energy Corp. by 1.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 30,895 shares of the company’s stock valued at $1,115,000 after buying an additional 310 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.