Sei Investments Co. raised its holdings in CMS Energy Co. (NYSE:CMS) by 3.6% during the second quarter, HoldingsChannel reports. The firm owned 227,960 shares of the utilities provider’s stock after purchasing an additional 8,020 shares during the quarter. Sei Investments Co.’s holdings in CMS Energy were worth $10,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its holdings in CMS Energy by 5.4% in the 1st quarter. BlackRock Inc. now owns 29,023,347 shares of the utilities provider’s stock valued at $1,314,466,000 after purchasing an additional 1,489,311 shares in the last quarter. Sumitomo Life Insurance Co. boosted its stake in shares of CMS Energy by 19.0% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 54,763 shares of the utilities provider’s stock worth $2,589,000 after acquiring an additional 8,757 shares in the last quarter. Korea Investment CORP boosted its stake in shares of CMS Energy by 172.5% during the 1st quarter. Korea Investment CORP now owns 21,798 shares of the utilities provider’s stock worth $987,000 after acquiring an additional 13,800 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of CMS Energy by 2.5% during the 2nd quarter. Bank of Montreal Can now owns 462,807 shares of the utilities provider’s stock worth $21,882,000 after acquiring an additional 11,215 shares in the last quarter. Finally, GWM Advisors LLC boosted its stake in shares of CMS Energy by 8.8% during the 2nd quarter. GWM Advisors LLC now owns 215,130 shares of the utilities provider’s stock worth $10,292,000 after acquiring an additional 17,425 shares in the last quarter. 90.06% of the stock is currently owned by institutional investors.

Shares of CMS Energy stock opened at $49.89 on Monday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.90 and a quick ratio of 0.68. CMS Energy Co. has a 1 year low of $40.48 and a 1 year high of $50.85. The company has a market cap of $13.70 billion, a P/E ratio of 22.99, a P/E/G ratio of 3.35 and a beta of 0.06.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, July 26th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.07. CMS Energy had a return on equity of 15.14% and a net margin of 8.13%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $0.33 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. analysts forecast that CMS Energy Co. will post 2.34 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 3rd will be given a dividend of $0.3575 per share. The ex-dividend date of this dividend is Thursday, August 2nd. This represents a $1.43 annualized dividend and a dividend yield of 2.87%. CMS Energy’s dividend payout ratio is currently 65.90%.

In related news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of CMS Energy stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $48.77, for a total transaction of $48,770.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jon E. Barfield sold 2,861 shares of CMS Energy stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $48.45, for a total value of $138,615.45. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

CMS has been the topic of several research analyst reports. Morgan Stanley decreased their price target on CMS Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 13th. TheStreet raised CMS Energy from a “c+” rating to an “a-” rating in a research note on Thursday, April 26th. ValuEngine raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. Zacks Investment Research lowered CMS Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, May 29th. Finally, KeyCorp boosted their price target on CMS Energy from $46.00 to $47.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 30th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $48.82.

CMS Energy Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.

Further Reading: NASDAQ Stock Market Explained

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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