Exxonmobil Investment Management Inc. TX lowered its stake in shares of CMS Energy Corp. (NYSE:CMS) by 1.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,245 shares of the company’s stock after selling 1,015 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in CMS Energy Corp. were worth $2,993,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMS. JPMorgan Chase & Co. raised its stake in shares of 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 during the period. Bank of New York Mellon Corp raised its stake 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 valued at $852,013,000 after buying an additional 630,774 shares during the period. State Street Corp raised its stake in shares of CMS Energy Corp. by 0.4% in the second quarter. State Street Corp now owns 14,369,725 shares of the company’s stock valued at $659,004,000 after buying an additional 59,357 shares during the period. Capital Research Global Investors raised its stake in shares of CMS Energy Corp. by 12.7% in the second quarter. Capital Research Global Investors now owns 9,526,366 shares of the company’s stock valued at $436,879,000 after buying an additional 1,072,066 shares during the period. Finally, Standard Life Investments LTD raised its stake 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 valued at $364,192,000 after buying an additional 1,449,503 shares during the period. 87.71% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for CMS Energy Corp. (NYSE:CMS)

Shares of CMS Energy Corp. (NYSE:CMS) traded down 3.87% during trading on Wednesday, hitting $40.22. 3,212,627 shares of the company were exchanged. The firm’s 50-day moving average price is $40.82 and its 200 day moving average price is $42.58. The firm has a market capitalization of $11.23 billion, a PE ratio of 19.33 and a beta of 0.08. CMS Energy Corp. has a 12 month low of $34.18 and a 12 month high of $46.25.

CMS Energy Corp. (NYSE:CMS) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.10. CMS Energy Corp. had a net margin of 9.25% and a return on equity of 14.16%. The company earned $1.59 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. On average, equities research analysts expect that CMS Energy Corp. will post $2.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Friday, November 4th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, November 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.08%. CMS Energy Corp.’s payout ratio is 59.33%.

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CMS has been the subject of several recent research reports. Zacks Investment Research lowered shares of CMS Energy Corp. from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. SunTrust Banks Inc. cut their target price on shares of CMS Energy Corp. from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Monday, September 12th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $43.75.

In other CMS Energy Corp. news, Director William D. Harvey purchased 3,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The stock was bought at an average cost of $40.59 per share, for a total transaction of $121,770.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.93% of the stock is currently owned by insiders.

CMS Energy Corp. Company Profile

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.

5 Day Chart for NYSE:CMS

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