Pointe Capital Management LLC reduced its position in shares of CMS Energy Corporation (NYSE:CMS) by 10.7% during the second quarter, Holdings Channel reports. The fund owned 7,260 shares of the utilities provider’s stock after selling 874 shares during the period. Pointe Capital Management LLC’s holdings in CMS Energy Corporation were worth $336,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in CMS Energy Corporation by 3.9% in the first quarter. Vanguard Group Inc. now owns 28,512,655 shares of the utilities provider’s stock worth $1,275,656,000 after buying an additional 1,065,859 shares during the last quarter. BlackRock Inc. boosted its position in CMS Energy Corporation by 2,081.4% in the first quarter. BlackRock Inc. now owns 22,879,645 shares of the utilities provider’s stock worth $1,023,636,000 after buying an additional 21,830,781 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in CMS Energy Corporation by 1.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,588,141 shares of the utilities provider’s stock worth $160,533,000 after buying an additional 63,872 shares during the last quarter. Geode Capital Management LLC boosted its position in CMS Energy Corporation by 10.3% in the first quarter. Geode Capital Management LLC now owns 2,749,657 shares of the utilities provider’s stock worth $122,844,000 after buying an additional 257,136 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in CMS Energy Corporation by 48.4% in the first quarter. Russell Investments Group Ltd. now owns 1,143,082 shares of the utilities provider’s stock worth $51,123,000 after buying an additional 372,554 shares during the last quarter. Hedge funds and other institutional investors own 86.49% of the company’s stock.

Shares of CMS Energy Corporation (NYSE CMS) opened at 47.48 on Friday. CMS Energy Corporation has a 52-week low of $38.78 and a 52-week high of $48.37. The stock has a 50 day moving average of $46.51 and a 200 day moving average of $45.37. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 23.98 and a beta of 0.16.

CMS Energy Corporation (NYSE:CMS) last posted 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. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.36 billion. CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. On average, equities research analysts expect that CMS Energy Corporation will post $2.17 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 4th will be issued a $0.3325 dividend. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.80%. 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 have weighed in on CMS shares. BidaskClub cut shares of CMS Energy Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Morgan Stanley set a $49.00 target price on shares of CMS Energy Corporation and gave the company a “hold” rating in a research note on Thursday. BMO Capital Markets reiterated a “buy” rating and issued a $48.00 target price on shares of CMS Energy Corporation in a research note on Monday, July 31st. Barclays PLC reiterated an “equal weight” rating and issued a $49.00 target price (up from $44.00) on shares of CMS Energy Corporation in a research note on Sunday, April 23rd. Finally, Credit Suisse Group upgraded shares of CMS Energy Corporation from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $46.00 to $50.00 in a research note on Monday, July 24th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. CMS Energy Corporation has an average rating of “Hold” and an average price target of $47.75.

In related news, Vice Chairman Thomas J. Webb sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $47.23, for a total value of $2,361,500.00. Following the transaction, the insider now owns 187,773 shares of the company’s stock, valued at $8,868,518.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $296,588.16. The disclosure for this sale can be found here. In the last three months, insiders sold 68,336 shares of company stock worth $3,223,288. 0.65% of the stock is currently owned by insiders.

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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