Rehmann Capital Advisory Group boosted its stake in shares of CMS Energy Corporation (NYSE:CMS) by 12.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,953 shares of the utilities provider’s stock after buying an additional 667 shares during the period. Rehmann Capital Advisory Group’s holdings in CMS Energy Corporation were worth $275,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. First Quadrant L P CA boosted its position in CMS Energy Corporation by 303.6% in the second quarter. First Quadrant L P CA now owns 179,516 shares of the utilities provider’s stock valued at $8,303,000 after buying an additional 135,032 shares during the last quarter. Aperio Group LLC boosted its position in CMS Energy Corporation by 10.9% in the second quarter. Aperio Group LLC now owns 137,356 shares of the utilities provider’s stock valued at $6,353,000 after buying an additional 13,446 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in CMS Energy Corporation by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the utilities provider’s stock valued at $805,000 after buying an additional 200 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in CMS Energy Corporation by 2.5% in the second quarter. Nisa Investment Advisors LLC now owns 327,340 shares of the utilities provider’s stock valued at $15,216,000 after buying an additional 7,877 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in CMS Energy Corporation by 512.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 45,393 shares of the utilities provider’s stock valued at $2,099,000 after buying an additional 37,977 shares during the last quarter. 86.49% of the stock is owned by hedge funds and other institutional investors.
Shares of CMS Energy Corporation (NYSE CMS) traded down 0.36% during midday trading on Friday, hitting $47.31. The stock had a trading volume of 1,194,255 shares. The firm has a market cap of $13.32 billion, a PE ratio of 23.89 and a beta of 0.16. The firm has a 50-day moving average of $46.50 and a 200 day moving average of $45.41. CMS Energy Corporation has a 12-month low of $38.78 and a 12-month high of $48.37.
CMS Energy Corporation (NYSE:CMS) last issued its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by $0.08. CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. The company’s revenue 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 year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 4th will be issued a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, August 2nd. CMS Energy Corporation’s dividend payout ratio is presently 66.83%.
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A number of research analysts have recently weighed in on the company. BMO Capital Markets reissued a “buy” rating and issued a $48.00 price target on shares of CMS Energy Corporation in a research note on Monday, July 31st. Morgan Stanley set a $49.00 price target on CMS Energy Corporation and gave the stock a “hold” rating in a research note on Thursday. BidaskClub lowered CMS Energy Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Barclays PLC reissued an “equal weight” rating and issued a $49.00 price target (up from $44.00) on shares of CMS Energy Corporation in a research note on Sunday, April 23rd. Finally, Credit Suisse Group raised CMS Energy Corporation from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $46.00 to $50.00 in a research note on Monday, July 24th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $47.75.
In other news, insider Dhenuvakonda Rao Venkat sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $45.50, for a total transaction of $91,000.00. Following the completion of the sale, the insider now owns 30,022 shares in the company, valued at $1,366,001. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Thomas J. Webb sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $47.23, for a total value of $2,361,500.00. Following the sale, the insider now owns 187,773 shares of the company’s stock, valued at approximately $8,868,518.79. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,336 shares of company stock valued at $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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