First Capital Advisors Group LLC. cut its position in shares of CMS Energy Corporation (NYSE:CMS) by 9.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,707 shares of the utilities provider’s stock after selling 1,208 shares during the period. First Capital Advisors Group LLC.’s holdings in CMS Energy Corporation were worth $541,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of CMS Energy Corporation by 2,081.4% in the first quarter. BlackRock Inc. now owns 22,879,645 shares of the utilities provider’s stock worth $1,023,636,000 after buying an additional 21,830,781 shares during the period. Vanguard Group Inc. increased its position in shares of CMS Energy Corporation by 3.9% in the first quarter. Vanguard Group Inc. now owns 28,512,655 shares of the utilities provider’s stock worth $1,275,656,000 after buying an additional 1,065,859 shares during the period. Renaissance Technologies LLC increased its position in shares of CMS Energy Corporation by 1,171.6% in the first quarter. Renaissance Technologies LLC now owns 878,700 shares of the utilities provider’s stock worth $39,313,000 after buying an additional 809,600 shares during the period. Canada Pension Plan Investment Board increased its position in shares of CMS Energy Corporation by 1,561,904.2% in the first quarter. Canada Pension Plan Investment Board now owns 749,762 shares of the utilities provider’s stock worth $33,544,000 after buying an additional 749,714 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of CMS Energy Corporation by 98.4% in the first quarter. Wells Fargo & Company MN now owns 1,006,560 shares of the utilities provider’s stock worth $45,033,000 after buying an additional 499,284 shares during the period. 86.49% of the stock is owned by hedge funds and other institutional investors.

Shares of CMS Energy Corporation (CMS) opened at 47.48 on Friday. The firm has a market capitalization of $13.37 billion, a P/E ratio of 23.98 and a beta of 0.16. The stock has a 50 day moving average price of $46.51 and a 200 day moving average price of $45.37. CMS Energy Corporation has a 12-month low of $38.78 and a 12-month high of $48.37.

CMS Energy Corporation (NYSE:CMS) last announced its earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.08. The business 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. Equities analysts anticipate that CMS Energy Corporation will post $2.17 earnings per share for the current fiscal year.

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

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A number of equities analysts recently issued reports on CMS shares. BidaskClub raised CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Barclays PLC reaffirmed an “equal weight” rating and issued a $49.00 price target (up from $44.00) on shares of CMS Energy Corporation in a report on Sunday, April 23rd. Credit Suisse Group raised CMS Energy Corporation from a “neutral” rating to an “outperform” rating and upped their price target for the company from $46.00 to $50.00 in a report on Monday, July 24th. BMO Capital Markets reaffirmed a “buy” rating and issued a $48.00 price target on shares of CMS Energy Corporation in a report on Tuesday, May 2nd. Finally, Morgan Stanley set a $49.00 price target on CMS Energy Corporation and gave the company a “hold” rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. CMS Energy Corporation has a consensus rating of “Hold” and a consensus target price of $47.75.

In other CMS Energy Corporation news, insider Dhenuvakonda Rao Venkat sold 2,000 shares of CMS Energy Corporation stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $45.50, for a total transaction of $91,000.00. Following the sale, the insider now owns 30,022 shares of the company’s stock, valued at approximately $1,366,001. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jon E. Barfield sold 6,336 shares of CMS Energy Corporation stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $46.81, for a total value of $296,588.16. The disclosure for this sale can be found here. Insiders have sold a total of 68,336 shares of company stock worth $3,223,288 in the last ninety days. 0.65% of the stock is owned by company insiders.

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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