WealthTrust Axiom LLC continued to hold its position in CMS Energy Corp. (NYSE:CMS) during the second quarter, Holdings Channel reports. The institutional investor owned 41,875 shares of the company’s stock at the end of the second quarter. WealthTrust Axiom LLC’s holdings in CMS Energy Corp. were worth $1,920,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BKD Wealth Advisors LLC boosted its position in CMS Energy Corp. by 1.7% in the second quarter. BKD Wealth Advisors LLC now owns 4,927 shares of the company’s stock valued at $226,000 after buying an additional 80 shares during the last quarter. Wade G W & Inc. boosted its position in CMS Energy Corp. by 5.3% in the first quarter. Wade G W & Inc. now owns 6,254 shares of the company’s stock valued at $265,000 after buying an additional 315 shares during the last quarter. Capstone Asset Management Co. boosted its position in CMS Energy Corp. by 1.3% in the second quarter. Capstone Asset Management Co. now owns 30,176 shares of the company’s stock valued at $1,384,000 after buying an additional 390 shares during the last quarter. Conning Inc. boosted its position in CMS Energy Corp. by 3.7% in the second quarter. Conning Inc. now owns 11,998 shares of the company’s stock valued at $550,000 after buying an additional 430 shares during the last quarter. Finally, Shell Asset Management Co. boosted its position in CMS Energy Corp. by 0.7% in the second quarter. Shell Asset Management Co. now owns 70,284 shares of the company’s stock valued at $3,223,000 after buying an additional 522 shares during the last quarter. 89.09% of the stock is owned by institutional investors.

CMS Energy Corp. (NYSE:CMS) traded up 0.37% during trading on Thursday, hitting $43.76. The company had a trading volume of 1,908,647 shares. The company has a market capitalization of $12.21 billion, a price-to-earnings ratio of 22.43 and a beta of 0.12. CMS Energy Corp. has a 12-month low of $33.84 and a 12-month high of $46.25. The firm has a 50-day moving average of $42.78 and a 200 day moving average of $42.64.

CMS Energy Corp. (NYSE:CMS) last posted its earnings results on Thursday, July 28th. The company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ 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. CMS Energy Corp. had a return on equity of 13.34% and a net margin of 8.79%. CMS Energy Corp.’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS. On average, equities research analysts forecast that CMS Energy Corp. will post $2.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Friday, August 5th were given a $0.31 dividend. The ex-dividend date was Wednesday, August 3rd. This represents a $1.24 annualized dividend and a yield of 2.83%. CMS Energy Corp.’s payout ratio is 63.59%.

Several research firms have recently issued reports on CMS. SunTrust Banks Inc. reissued a “neutral” rating on shares of CMS Energy Corp. in a research note on Tuesday, August 2nd. Scotiabank assumed 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 for the company. Howard Weil assumed 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 for the company. Zacks Investment Research raised CMS Energy Corp. from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Thursday, July 14th. Finally, KeyCorp reaffirmed an “outperform” rating and set a $47.00 target price (up previously from $45.00) on shares of CMS Energy Corp. in a research note on Saturday, July 2nd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. CMS Energy Corp. has a consensus rating of “Hold” and a consensus price target of $43.65.

In other CMS Energy Corp. news, Director Jon E. Barfield sold 9,568 shares of CMS Energy Corp. stock in a transaction on 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 owns 23,256 shares in the company, valued at approximately $999,310.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Catherine M. Reynolds sold 11,032 shares of CMS Energy Corp. stock in a transaction on 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. 0.93% of the stock is owned by company insiders.

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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