Mizuho Asset Management Co. Ltd. boosted its stake in CMS Energy Corp. (NYSE:CMS) by 150.8% during the second quarter, Holdings Channel reports. The institutional investor owned 3,877 shares of the company’s stock after buying an additional 2,331 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in CMS Energy Corp. were worth $178,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in CMS Energy Corp. by 1.5% in the second quarter. JPMorgan Chase & Co. now owns 21,112,568 shares of the company’s stock valued at $968,220,000 after buying an additional 305,407 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of CMS Energy Corp. by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 18,578,571 shares of the company’s stock worth $852,013,000 after buying an additional 630,774 shares in the last quarter. State Street Corp raised its position in shares of CMS Energy Corp. by 9.0% in the first quarter. State Street Corp now owns 14,310,368 shares of the company’s stock worth $607,321,000 after buying an additional 1,180,500 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of CMS Energy Corp. by 5.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,356,132 shares of the company’s stock worth $354,634,000 after buying an additional 410,067 shares in the last quarter. Finally, Standard Life Investments LTD raised its position in shares of CMS Energy Corp. by 22.3% in the second quarter. Standard Life Investments LTD now owns 7,943,113 shares of the company’s stock worth $364,192,000 after buying an additional 1,449,503 shares in the last quarter. Institutional investors and hedge funds own 89.09% of the company’s stock.

CMS Energy Corp. (NYSE:CMS) traded up 0.424% during mid-day trading on Thursday, reaching $43.785. 98,369 shares of the company’s stock were exchanged. CMS Energy Corp. has a 52 week low of $33.33 and a 52 week high of $46.25. The stock has a market cap of $12.22 billion, a P/E ratio of 22.442 and a beta of 0.12. The stock has a 50-day moving average price of $42.79 and a 200-day moving average price of $42.63.

CMS Energy Corp. (NYSE:CMS) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.09. The company earned $1.37 billion during the quarter, compared to analysts’ expectations of $1.49 billion. CMS Energy Corp. had a return on equity of 13.34% and a net margin of 8.79%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the business earned $0.25 earnings per share. On average, analysts forecast that CMS Energy Corp. will post $2.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Friday, August 5th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.84%. CMS Energy Corp.’s payout ratio is presently 63.59%.

A number of equities analysts recently issued reports on the stock. Howard Weil assumed coverage on shares of CMS Energy Corp. in a research report on Friday, July 15th. They issued a “sector perform” rating and a $46.00 target price for the company. BMO Capital Markets reiterated a “buy” rating on shares of CMS Energy Corp. in a research report on Friday, July 29th. SunTrust Banks Inc. reiterated a “neutral” rating on shares of CMS Energy Corp. in a research report on Tuesday, August 2nd. Zacks Investment Research upgraded shares of CMS Energy Corp. from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Thursday, July 14th. Finally, Scotiabank assumed coverage on shares of CMS Energy Corp. in a research report on Friday, July 15th. They issued a “sector perform” rating and a $46.00 target price for the company. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. CMS Energy Corp. presently has an average rating of “Hold” and an average price target of $43.65.

In related news, Director Jon E. Barfield sold 9,568 shares of CMS Energy Corp. stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $42.97, for a total value of $411,136.96. Following the completion of the transaction, the director now directly owns 23,256 shares of the company’s stock, valued at $999,310.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Catherine M. Reynolds sold 11,032 shares of CMS Energy Corp. stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $43.59, for a total value of $480,884.88. The disclosure for this sale can be found here. Company insiders own 0.93% of the company’s stock.

About CMS Energy Corp.

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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