Nationwide Fund Advisors cut its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,042 shares of the utilities provider’s stock after selling 3,600 shares during the period. Nationwide Fund Advisors’ holdings in CMS Energy Corporation were worth $5,367,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Norinchukin Bank The increased its position in shares of CMS Energy Corporation by 7.0% during the second quarter. Norinchukin Bank The now owns 19,462 shares of the utilities provider’s stock worth $900,000 after purchasing an additional 1,272 shares in the last quarter. Chemical Bank increased its position in shares of CMS Energy Corporation by 1.0% during the second quarter. Chemical Bank now owns 8,450 shares of the utilities provider’s stock worth $391,000 after purchasing an additional 85 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of CMS Energy Corporation by 3.5% during the second quarter. TIAA CREF Investment Management LLC now owns 608,199 shares of the utilities provider’s stock worth $28,129,000 after purchasing an additional 20,328 shares in the last quarter. Teachers Advisors LLC increased its position in shares of CMS Energy Corporation by 3.8% during the second quarter. Teachers Advisors LLC now owns 784,220 shares of the utilities provider’s stock worth $36,270,000 after purchasing an additional 28,949 shares in the last quarter. Finally, Summit Global Investments increased its position in shares of CMS Energy Corporation by 4.1% during the second quarter. Summit Global Investments now owns 12,575 shares of the utilities provider’s stock worth $582,000 after purchasing an additional 495 shares in the last quarter. 87.37% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Corporation (NYSE:CMS) opened at 46.49 on Thursday. The company has a 50 day moving average price of $47.73 and a 200 day moving average price of $46.58. CMS Energy Corporation has a 52-week low of $38.78 and a 52-week high of $49.11. The firm has a market capitalization of $13.09 billion, a P/E ratio of 23.48 and a beta of 0.15.

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

A number of brokerages have recently issued reports on CMS. Royal Bank Of Canada reaffirmed a “hold” rating and set a $46.00 price target on shares of CMS Energy Corporation in a research report on Monday, September 11th. KeyCorp reaffirmed a “buy” rating and set a $51.00 price target on shares of CMS Energy Corporation in a research report on Friday, September 1st. Morgan Stanley upped their price target on CMS Energy Corporation from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Guggenheim began coverage on CMS Energy Corporation in a research report on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price target on the stock. Finally, BidaskClub raised CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a research report 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. The company has a consensus rating of “Buy” and a consensus target price of $48.56.

In related news, Director Jon E. Barfield sold 6,336 shares of CMS Energy Corporation stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $46.81, for a total transaction of $296,588.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Brian F. Rich sold 3,500 shares of CMS Energy Corporation stock in a transaction 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 owns 44,835 shares in the company, valued at $2,163,737.10. The disclosure for this sale can be found here. Insiders have sold a total of 11,836 shares of company stock worth $561,118 over the last quarter. 0.65% of the stock is owned by company insiders.

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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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