Fmr LLC trimmed its holdings in CMS Energy Corporation (NYSE:CMS) by 1.9% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,880,302 shares of the utilities provider’s stock after selling 111,425 shares during the quarter. Fmr LLC owned about 2.09% of CMS Energy Corporation worth $271,964,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings 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 in the last quarter. BlackRock Inc. grew its stake in shares of CMS Energy Corporation by 11.6% during the 2nd quarter. BlackRock Inc. now owns 25,533,148 shares of the utilities provider’s stock valued at $1,180,906,000 after purchasing an additional 2,653,503 shares during the period. JPMorgan Chase & Co. grew its stake in shares of CMS Energy Corporation by 11.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock valued at $961,152,000 after purchasing an additional 2,145,055 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of CMS Energy Corporation by 1.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,588,141 shares of the utilities provider’s stock valued at $160,533,000 after purchasing an additional 63,872 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of CMS Energy Corporation by 10.3% during the 1st quarter. Geode Capital Management LLC now owns 2,749,657 shares of the utilities provider’s stock valued at $122,844,000 after purchasing an additional 257,136 shares during the period. Institutional investors own 87.37% of the company’s stock.

In other CMS Energy Corporation news, Director Jon E. Barfield sold 6,336 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total value of $296,588.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Garrick J. Rochow sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $47.81, for a total value of $95,620.00. Following the completion of the sale, the insider now directly owns 64,307 shares in the company, valued at $3,074,517.67. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,836 shares of company stock worth $561,118. 0.65% of the stock is owned by corporate insiders.

CMS Energy Corporation (NYSE:CMS) opened at 46.32 on Friday. The stock has a market capitalization of $13.04 billion, a PE ratio of 23.39 and a beta of 0.17. The company has a 50-day moving average price of $47.93 and a 200-day moving average price of $46.41. 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 issued its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.08). CMS Energy Corporation had a net margin of 8.52% and a return on equity of 12.98%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that CMS Energy Corporation will post $2.17 earnings per share for the current fiscal year.

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A number of research firms have issued reports on CMS. Credit Suisse Group upgraded CMS Energy Corporation from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $46.00 to $50.00 in a research note on Monday, July 24th. Morgan Stanley set a $49.00 price target on CMS Energy Corporation and gave the company a “hold” rating in a research note on Thursday, August 10th. Royal Bank Of Canada restated a “hold” rating and set a $46.00 price target on shares of CMS Energy Corporation in a research note on Monday, September 11th. 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, BidaskClub upgraded CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $48.67.

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.

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

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