State of New Jersey Common Pension Fund D continued to hold its stake in CMS Energy Corporation (NYSE:CMS) during the second quarter, Holdings Channel reports. The firm owned 145,000 shares of the utilities provider’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in CMS Energy Corporation were worth $6,706,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Blue Chip Partners Inc. raised its stake in CMS Energy Corporation by 0.7% in the first quarter. Blue Chip Partners Inc. now owns 4,610 shares of the utilities provider’s stock valued at $206,000 after buying an additional 34 shares during the last quarter. Clarius Group LLC raised its stake in CMS Energy Corporation by 0.7% in the first quarter. Clarius Group LLC now owns 5,286 shares of the utilities provider’s stock valued at $237,000 after buying an additional 36 shares during the last quarter. Gateway Investment Advisers LLC raised its stake in CMS Energy Corporation by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 16,924 shares of the utilities provider’s stock valued at $783,000 after buying an additional 62 shares during the last quarter. Cleararc Capital Inc. raised its stake in CMS Energy Corporation by 1.2% in the first quarter. Cleararc Capital Inc. now owns 6,847 shares of the utilities provider’s stock valued at $306,000 after buying an additional 81 shares during the last quarter. Finally, Greenleaf Trust raised its stake in CMS Energy Corporation by 0.5% in the first quarter. Greenleaf Trust now owns 17,871 shares of the utilities provider’s stock valued at $800,000 after buying an additional 83 shares during the last quarter. 86.49% of the stock is owned by institutional investors and hedge funds.

Shares of CMS Energy Corporation (CMS) opened at 47.31 on Friday. The company has a market cap of $13.32 billion, a PE ratio of 23.89 and a beta of 0.16. The company has a 50-day moving average of $46.50 and a 200-day moving average of $45.41. 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 released its earnings results on Friday, July 28th. The utilities provider reported $0.33 EPS for the quarter, missing the 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 firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the business earned $0.45 earnings per share. CMS Energy Corporation’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts forecast that CMS Energy Corporation will post $2.17 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 4th will be issued a $0.3325 dividend. This represents a $1.33 annualized dividend and a 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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Several research firms recently issued reports on CMS. BMO Capital Markets reaffirmed a “buy” rating and issued a $48.00 price objective on shares of CMS Energy Corporation in a research note on Tuesday, May 2nd. Credit Suisse Group raised shares of CMS Energy Corporation from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $46.00 to $50.00 in a research report on Monday, July 24th. Morgan Stanley set a $49.00 target price on shares of CMS Energy Corporation and gave the stock a “hold” rating in a research report on Thursday. BidaskClub raised shares of CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Finally, Barclays PLC reissued an “equal weight” rating and set a $49.00 target price (up previously from $44.00) on shares of CMS Energy Corporation in a research report on Sunday, April 23rd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.75.

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