Nippon Life Global Investors Americas Inc. increased its stake in shares of CMS Energy Corporation (NYSE:CMS) by 12.2% during the second quarter, Holdings Channel reports. The institutional investor owned 97,060 shares of the utilities provider’s stock after buying an additional 10,570 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in CMS Energy Corporation were worth $4,489,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Premier Fund Managers Ltd raised its stake in shares of CMS Energy Corporation by 14.1% in the first quarter. Premier Fund Managers Ltd now owns 36,500 shares of the utilities provider’s stock valued at $1,631,000 after buying an additional 4,500 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of CMS Energy Corporation by 5.7% in the first quarter. Lazard Asset Management LLC now owns 366,493 shares of the utilities provider’s stock valued at $16,396,000 after buying an additional 19,783 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of CMS Energy Corporation by 11.3% in the first quarter. Thrivent Financial For Lutherans now owns 10,830 shares of the utilities provider’s stock valued at $485,000 after buying an additional 1,100 shares in the last quarter. Macquarie Group Ltd. raised its stake 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 in the last quarter. Finally, Symphony Asset Management LLC raised its position in CMS Energy Corporation by 3.6% in the first quarter. Symphony Asset Management LLC now owns 64,567 shares of the utilities provider’s stock worth $2,889,000 after buying an additional 2,240 shares in the last quarter. 86.49% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Corporation (NYSE CMS) opened at 47.31 on Friday. The firm has a 50-day moving average price of $46.50 and a 200-day moving average price of $45.41. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 23.89 and a beta of 0.16. CMS Energy Corporation has a 1-year low of $38.78 and a 1-year high of $48.37.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 4th will be paid a $0.3325 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $1.33 annualized dividend and a dividend yield of 2.81%. CMS Energy Corporation’s payout ratio is 66.83%.

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A number of equities analysts have commented on CMS shares. Barclays PLC reissued an “equal weight” rating and issued a $49.00 price objective (up previously from $44.00) on shares of CMS Energy Corporation in a research note on Sunday, April 23rd. BidaskClub lowered CMS Energy Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Morgan Stanley started coverage on CMS Energy Corporation in a research note on Monday, July 31st. They issued an “equal weight” rating and a $47.00 price objective on the stock. BMO Capital Markets reissued a “buy” rating and issued a $48.00 price objective on shares of CMS Energy Corporation in a research note on Monday, July 31st. Finally, Credit Suisse Group raised CMS Energy Corporation from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $46.00 to $50.00 in a research note on Monday, July 24th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $47.75.

In other news, insider Daniel J. Malone sold 10,000 shares of CMS Energy Corporation stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $47.42, for a total value of $474,200.00. Following the transaction, the insider now owns 148,622 shares in the company, valued at approximately $7,047,655.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dhenuvakonda Rao Venkat sold 2,000 shares of CMS Energy Corporation stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $45.50, for a total value of $91,000.00. Following the completion of the transaction, the insider now owns 30,022 shares in the company, valued at approximately $1,366,001. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,336 shares of company stock worth $3,223,288. Corporate insiders own 0.65% of the company’s stock.

CMS Energy Corporation Company Profile

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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