DekaBank Deutsche Girozentrale raised its position in shares of CMS Energy Corporation (NYSE:CMS) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 293,883 shares of the utilities provider’s stock after buying an additional 2,396 shares during the period. DekaBank Deutsche Girozentrale’s holdings in CMS Energy Corporation were worth $13,674,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp boosted its position in shares of CMS Energy Corporation by 18.0% in the first quarter. Van ECK Associates Corp now owns 2,421 shares of the utilities provider’s stock worth $108,000 after buying an additional 370 shares during the last quarter. Quadrant Capital Group LLC boosted 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 worth $118,000 after buying an additional 145 shares during the last quarter. Brookfield Asset Management Inc. acquired a new position in shares of CMS Energy Corporation during the first quarter worth approximately $159,000. Meeder Asset Management Inc. acquired a new position in shares of CMS Energy Corporation during the second quarter worth approximately $185,000. Finally, Parametrica Management Ltd acquired a new position in shares of CMS Energy Corporation during the first quarter worth approximately $200,000. Institutional investors and hedge funds own 86.49% of the company’s stock.

Shares of CMS Energy Corporation (NYSE:CMS) opened at 47.31 on Friday. The stock’s 50 day moving average price is $46.50 and its 200-day moving average price is $45.41. CMS Energy Corporation has a 1-year low of $38.78 and a 1-year high of $48.37. The stock 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 (NYSE:CMS) last released its earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ 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 business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 EPS. On average, equities research analysts forecast that CMS Energy Corporation will post $2.17 earnings per share for the current year.

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

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CMS has been the topic of a number of recent research reports. BMO Capital Markets reiterated a “buy” rating and set a $48.00 price target on shares of CMS Energy Corporation in a research report on Monday, July 31st. BidaskClub cut shares of CMS Energy Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Barclays PLC reiterated an “equal weight” rating and set a $49.00 price target (up from $44.00) on shares of CMS Energy Corporation in a research report on Sunday, April 23rd. Morgan Stanley initiated coverage on shares of CMS Energy Corporation in a research report on Monday, July 31st. They set an “equal weight” rating and a $47.00 price target on the stock. Finally, Credit Suisse Group upgraded shares of CMS Energy Corporation from a “neutral” rating to an “outperform” rating and increased their price target for the company from $46.00 to $50.00 in a research report on Monday, July 24th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.75.

In other news, insider Daniel J. Malone sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $47.42, for a total transaction of $474,200.00. Following the transaction, the insider now owns 148,622 shares of the company’s stock, valued at approximately $7,047,655.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dhenuvakonda Rao Venkat sold 2,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly 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 three months, insiders have sold 68,336 shares of company stock worth $3,223,288. Corporate 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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