Chemical Bank lifted its position in shares of CMS Energy Corporation (NYSE:CMS) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,450 shares of the utilities provider’s stock after acquiring an additional 85 shares during the period. Chemical Bank’s holdings in CMS Energy Corporation were worth $391,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CMS. BlackRock Inc. raised its position in shares of CMS Energy Corporation by 2,081.4% during the 1st quarter. BlackRock Inc. now owns 22,879,645 shares of the utilities provider’s stock valued at $1,023,636,000 after acquiring an additional 21,830,781 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of CMS Energy Corporation by 11.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock valued at $961,152,000 after acquiring an additional 2,145,055 shares in the last quarter. Eaton Vance Management raised its position in shares of CMS Energy Corporation by 339.0% during the 2nd quarter. Eaton Vance Management now owns 2,534,240 shares of the utilities provider’s stock valued at $117,209,000 after acquiring an additional 1,957,005 shares in the last quarter. Vanguard Group Inc. raised its position in shares of CMS Energy Corporation by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 28,512,655 shares of the utilities provider’s stock valued at $1,275,656,000 after acquiring an additional 1,065,859 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of CMS Energy Corporation by 1,171.6% during the 1st quarter. Renaissance Technologies LLC now owns 878,700 shares of the utilities provider’s stock valued at $39,313,000 after acquiring an additional 809,600 shares in the last quarter. 87.45% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Corporation (NYSE:CMS) opened at 47.87 on Friday. The stock has a 50 day moving average price of $47.86 and a 200 day moving average price of $46.33. CMS Energy Corporation has a 1-year low of $38.78 and a 1-year high of $49.11. The company has a market cap of $13.48 billion, a PE ratio of 24.18 and a beta of 0.17.

CMS Energy Corporation (NYSE:CMS) last posted its earnings results on Friday, July 28th. The utilities provider reported $0.33 EPS 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 return on equity of 12.98% and a net margin of 8.52%. CMS Energy Corporation’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. Equities 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 was paid on Thursday, August 31st. Investors of record on Friday, August 4th were given a dividend of $0.3325 per share. The ex-dividend date was Wednesday, August 2nd. This represents a $1.33 annualized dividend and a dividend yield of 2.78%. CMS Energy Corporation’s dividend payout ratio (DPR) is presently 66.83%.

In related news, SVP Brian F. Rich sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $48.26, for a total transaction of $168,910.00. Following the completion of the transaction, the senior vice president now owns 44,835 shares in the company, valued at approximately $2,163,737.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jon E. Barfield sold 6,336 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was 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 11,836 shares of company stock valued at $561,118 in the last 90 days. 0.65% of the stock is owned by corporate insiders.

Several equities research analysts recently issued reports on the company. Morgan Stanley assumed coverage on 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. Credit Suisse Group upgraded CMS Energy Corporation from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $46.00 to $50.00 in a research note on Monday, July 24th. KeyCorp restated a “buy” rating and set a $51.00 price objective on shares of CMS Energy Corporation in a research note on Friday, September 1st. BidaskClub upgraded CMS Energy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Finally, Guggenheim initiated coverage on CMS Energy Corporation in a research note on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $48.20.

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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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