Public Employees Retirement Association of Colorado cut its stake in shares of CMS Energy Corporation (NYSE:CMS) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 52,897 shares of the utilities provider’s stock after selling 35 shares during the period. Public Employees Retirement Association of Colorado’s holdings in CMS Energy Corporation were worth $2,446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Macquarie Group Ltd. increased its position in shares of CMS Energy Corporation by 10.3% in the fourth quarter. Macquarie Group Ltd. now owns 102,600 shares of the utilities provider’s stock valued at $4,271,000 after buying an additional 9,600 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in shares of CMS Energy Corporation by 3.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 243,047 shares of the utilities provider’s stock valued at $10,874,000 after buying an additional 8,228 shares during the period. Gulf International Bank UK Ltd increased its position in shares of CMS Energy Corporation by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 84,863 shares of the utilities provider’s stock valued at $3,796,000 after buying an additional 720 shares during the period. Quadrant Capital Group LLC increased its position in shares of CMS Energy Corporation by 5.7% in the first quarter. Quadrant Capital Group LLC now owns 2,701 shares of the utilities provider’s stock valued at $118,000 after buying an additional 145 shares during the period. Finally, National Pension Service increased its position in shares of CMS Energy Corporation by 5.5% in the first quarter. National Pension Service now owns 255,143 shares of the utilities provider’s stock valued at $11,387,000 after buying an additional 13,341 shares during the period. Institutional investors and hedge funds own 86.49% of the company’s stock.

Shares of CMS Energy Corporation (NYSE CMS) opened at 47.42 on Wednesday. The firm has a market capitalization of $13.35 billion, a PE ratio of 23.95 and a beta of 0.16. CMS Energy Corporation has a 12-month low of $38.78 and a 12-month high of $48.37. The company has a 50-day moving average of $46.58 and a 200 day moving average of $45.23.

CMS Energy Corporation (NYSE:CMS) last issued its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.08. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.36 billion. CMS Energy Corporation had a net margin of 8.52% and a return on equity of 12.98%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share. On average, analysts predict that CMS Energy Corporation will post $2.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 4th will be issued a dividend of $0.3325 per share. The ex-dividend date is Wednesday, August 2nd. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.80%. CMS Energy Corporation’s payout ratio is presently 66.83%.

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CMS has been the subject of several analyst reports. Deutsche Bank AG upped their target price on shares of CMS Energy Corporation from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, April 11th. Barclays PLC restated an “equal weight” rating and issued a $49.00 target price (up from $44.00) on shares of CMS Energy Corporation in a research note on Sunday, April 23rd. BMO Capital Markets restated a “buy” rating and issued a $48.00 target price on shares of CMS Energy Corporation in a research note on Tuesday, May 2nd. BidaskClub upgraded shares of CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th. Finally, Credit Suisse Group upgraded shares of CMS Energy Corporation from a “neutral” rating to an “outperform” rating and upped their target price for the company from $46.00 to $50.00 in a research note on Monday, July 24th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $47.50.

In other CMS Energy Corporation news, Director Jon E. Barfield sold 6,336 shares of CMS Energy Corporation stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total transaction of $296,588.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Thomas J. Webb sold 50,000 shares of CMS Energy Corporation stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $47.23, for a total value of $2,361,500.00. Following the transaction, the insider now directly owns 187,773 shares of the company’s stock, valued at $8,868,518.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,336 shares of company stock valued at $3,223,288. Company insiders own 0.65% of the company’s stock.

About CMS Energy Corporation

CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.

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Institutional Ownership by Quarter for CMS Energy Corporation (NYSE:CMS)

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