Bank of Nova Scotia decreased its position in shares of CMS Energy Corporation (NYSE:CMS) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,160 shares of the utilities provider’s stock after selling 901 shares during the quarter. Bank of Nova Scotia’s holdings in CMS Energy Corporation were worth $2,921,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. IHT Wealth Management LLC acquired a new position in shares of CMS Energy Corporation during the second quarter valued at $310,000. Friedberg Investment Management boosted its holdings in shares of CMS Energy Corporation by 60.4% during the second quarter. Friedberg Investment Management now owns 36,230 shares of the utilities provider’s stock valued at $1,676,000 after acquiring an additional 13,640 shares during the period. Gyroscope Capital Management Group LLC boosted its holdings in shares of CMS Energy Corporation by 20.3% during the second quarter. Gyroscope Capital Management Group LLC now owns 6,365 shares of the utilities provider’s stock valued at $294,000 after acquiring an additional 1,074 shares during the period. Dana Investment Advisors Inc. boosted its holdings in shares of CMS Energy Corporation by 5.4% during the second quarter. Dana Investment Advisors Inc. now owns 4,849 shares of the utilities provider’s stock valued at $224,000 after acquiring an additional 249 shares during the period. Finally, Gotham Asset Management LLC acquired a new position in shares of CMS Energy Corporation during the second quarter valued at $1,208,000. 87.27% of the stock is owned by institutional investors.

Shares of CMS Energy Corporation (NYSE:CMS) opened at 47.81 on Thursday. The firm has a market cap of $13.46 billion, a P/E ratio of 24.15 and a beta of 0.15. The firm’s 50-day moving average price is $47.40 and its 200 day moving average price is $46.74. CMS Energy Corporation has a 12-month low of $38.78 and a 12-month high of $49.11.

CMS Energy Corporation (NYSE:CMS) last released its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.08). The business 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 company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 EPS. On average, equities analysts expect that CMS Energy Corporation will post $2.17 earnings per share for the current fiscal year.

CMS has been the subject of several analyst reports. Morgan Stanley boosted their price target on shares of CMS Energy Corporation from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. KeyCorp reaffirmed a “buy” rating and issued a $51.00 price objective on shares of CMS Energy Corporation in a report on Friday, September 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $46.00 price objective on shares of CMS Energy Corporation in a report on Monday, September 11th. Guggenheim began coverage on shares of CMS Energy Corporation in a report on Tuesday, September 5th. They issued a “neutral” rating and a $48.00 price objective for the company. Finally, Credit Suisse Group raised shares of 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 report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. CMS Energy Corporation currently has an average rating of “Hold” and a consensus price target of $48.56.

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In other news, Director Jon E. Barfield sold 6,336 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total transaction of $296,588.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Brian F. Rich sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $48.26, for a total value of $168,910.00. Following the sale, the senior vice president now directly owns 44,835 shares in the company, valued at approximately $2,163,737.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,836 shares of company stock worth $561,118. 0.65% of the stock is currently owned by insiders.

CMS Energy Corporation Profile

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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