Advisor Group Inc. trimmed its holdings in CMS Energy Corporation (NYSE:CMS) by 7.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,694 shares of the utilities provider’s stock after selling 2,397 shares during the period. Advisor Group Inc.’s holdings in CMS Energy Corporation were worth $1,376,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in CMS Energy Corporation by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 29,277,644 shares of the utilities provider’s stock worth $1,354,091,000 after buying an additional 764,989 shares during the last quarter. BlackRock Inc. boosted its stake in CMS Energy Corporation by 11.6% in the 2nd quarter. BlackRock Inc. now owns 25,533,148 shares of the utilities provider’s stock worth $1,180,906,000 after buying an additional 2,653,503 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in CMS Energy Corporation by 11.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock worth $961,152,000 after buying an additional 2,145,055 shares during the last quarter. Eaton Vance Management lifted its stake in shares of CMS Energy Corporation by 339.0% in the 2nd quarter. Eaton Vance Management now owns 2,534,240 shares of the utilities provider’s stock valued at $117,209,000 after purchasing an additional 1,957,005 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of CMS Energy Corporation by 6.3% in the 2nd quarter. Legal & General Group Plc now owns 2,303,605 shares of the utilities provider’s stock valued at $106,547,000 after purchasing an additional 136,836 shares in the last quarter. 87.65% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on CMS. Zacks Investment Research lowered CMS Energy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Morgan Stanley began coverage on CMS Energy Corporation in a research note on Monday, July 31st. They issued an “equal weight” rating and a $47.00 price objective on the stock. 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. KeyCorp reaffirmed a “buy” rating and issued a $51.00 price objective on shares of CMS Energy Corporation in a research note on Friday, September 1st. Finally, BidaskClub raised CMS Energy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $48.90.

In other CMS Energy Corporation news, SVP Brian F. Rich sold 3,500 shares of CMS Energy Corporation 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 sale, the senior vice president now directly owns 44,835 shares in the company, valued at approximately $2,163,737.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of CMS Energy Corporation stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $48.02, for a total value of $48,020.00. Following the sale, the insider now owns 28,176 shares in the company, valued at $1,353,011.52. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.

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Shares of CMS Energy Corporation (NYSE:CMS) opened at $49.59 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.59 and a debt-to-equity ratio of 1.99. CMS Energy Corporation has a twelve month low of $39.42 and a twelve month high of $50.85. The stock has a market capitalization of $13,985.02, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 3.53 and a beta of 0.18.

CMS Energy Corporation (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.07. CMS Energy Corporation had a return on equity of 12.30% and a net margin of 8.38%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the business earned $0.70 EPS. CMS Energy Corporation’s revenue for the quarter was down 3.8% compared to the same quarter last year. equities analysts anticipate that CMS Energy Corporation will post 2.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 3rd will be issued a dividend of $0.3325 per share. The ex-dividend date is Thursday, November 2nd. This represents a $1.33 annualized dividend and a yield of 2.68%. CMS Energy Corporation’s dividend payout ratio is presently 68.91%.

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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