Bank of New York Mellon Corp decreased its position in CMS Energy Corporation (NYSE:CMS) by 11.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,422,014 shares of the utilities provider’s stock after selling 1,664,723 shares during the period. Bank of New York Mellon Corp’s holdings in CMS Energy Corporation were worth $620,771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMS. Premier Fund Managers Ltd increased its position in CMS Energy Corporation by 14.1% in the first quarter. Premier Fund Managers Ltd now owns 36,500 shares of the utilities provider’s stock worth $1,631,000 after buying an additional 4,500 shares in the last quarter. Lazard Asset Management LLC increased its position in CMS Energy Corporation by 5.7% in the first quarter. Lazard Asset Management LLC now owns 366,493 shares of the utilities provider’s stock worth $16,396,000 after buying an additional 19,783 shares in the last quarter. Thrivent Financial For Lutherans increased its position in CMS Energy Corporation by 11.3% in the first quarter. Thrivent Financial For Lutherans now owns 10,830 shares of the utilities provider’s stock worth $485,000 after buying an additional 1,100 shares in the last quarter. Macquarie Group Ltd. increased its position in CMS Energy Corporation by 10.3% in the fourth quarter. Macquarie Group Ltd. now owns 102,600 shares of the utilities provider’s stock worth $4,271,000 after buying an additional 9,600 shares in the last quarter. Finally, Symphony Asset Management LLC increased its position in CMS Energy Corporation by 3.6% in the first quarter. Symphony Asset Management LLC now owns 64,567 shares of the utilities provider’s stock worth $2,889,000 after buying an additional 2,240 shares in the last quarter. Hedge funds and other institutional investors own 85.93% of the company’s stock.

CMS Energy Corporation (NYSE CMS) opened at 47.76 on Wednesday. CMS Energy Corporation has a 52 week low of $38.78 and a 52 week high of $48.37. The firm has a 50 day moving average price of $46.51 and a 200 day moving average price of $45.54. The stock has a market capitalization of $13.45 billion, a P/E ratio of 24.12 and a beta of 0.16.

CMS Energy Corporation (NYSE:CMS) last announced its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.08. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. Equities research analysts predict that CMS Energy Corporation will post $2.17 earnings per share for the current year.

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Wednesday, August 2nd. CMS Energy Corporation’s payout ratio is 66.83%.

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A number of research analysts recently issued reports on CMS shares. Barclays PLC restated an “equal weight” rating and set a $49.00 price target (up previously from $44.00) on shares of CMS Energy Corporation in a research note on Sunday, April 23rd. BidaskClub downgraded CMS Energy Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Morgan Stanley started coverage on CMS Energy Corporation in a research note on Monday, July 31st. They set an “equal weight” rating and a $47.00 price target on the stock. BMO Capital Markets restated a “buy” rating and set a $48.00 price target on shares of CMS Energy Corporation in a research note on Monday, July 31st. Finally, Credit Suisse Group upgraded CMS Energy Corporation from a “neutral” rating to an “outperform” rating and raised their price target for the stock 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 company’s stock. The company 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 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 sale, the insider now directly owns 148,622 shares in the company, valued at approximately $7,047,655.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Thomas J. Webb sold 50,000 shares of the 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 in the company, valued at $8,868,518.79. The disclosure for this sale can be found here. Insiders have sold a total of 66,336 shares of company stock worth $3,132,288 over the last quarter. 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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