Great West Life Assurance Co. Can boosted its stake in CMS Energy Corporation (NYSE:CMS) by 4.5% during the second quarter, Holdings Channel reports. The institutional investor owned 230,756 shares of the utilities provider’s stock after buying an additional 9,935 shares during the period. Great West Life Assurance Co. Can’s holdings in CMS Energy Corporation were worth $10,661,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of CMS Energy Corporation by 18.0% in the first quarter. Van ECK Associates Corp now owns 2,421 shares of the utilities provider’s stock valued at $108,000 after buying an additional 370 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of CMS Energy Corporation by 5.7% in the first quarter. Quadrant Capital Group LLC now owns 2,701 shares of the utilities provider’s stock valued at $118,000 after buying an additional 145 shares in the last quarter. Brookfield Asset Management Inc. purchased a new position in shares of CMS Energy Corporation during the first quarter valued at about $159,000. Meeder Asset Management Inc. purchased a new position in shares of CMS Energy Corporation during the second quarter valued at about $185,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of CMS Energy Corporation during the second quarter valued at about $205,000. Hedge funds and other institutional investors own 86.49% of the company’s stock.

Shares of CMS Energy Corporation (CMS) opened at 47.38 on Thursday. CMS Energy Corporation has a 12-month low of $38.78 and a 12-month high of $48.37. The company has a market cap of $13.34 billion, a PE ratio of 23.93 and a beta of 0.16. The company has a 50-day moving average of $46.51 and a 200 day moving average of $45.36.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 4th will be given a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, August 2nd. CMS Energy Corporation’s payout ratio is 66.83%.

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Several brokerages have recently issued reports on CMS. BMO Capital Markets restated a “buy” rating and issued a $48.00 target price on shares of CMS Energy Corporation in a report on Monday, July 31st. Morgan Stanley began coverage on shares of CMS Energy Corporation in a report on Monday, July 31st. They issued an “equal weight” rating and a $47.00 target price on the stock. BidaskClub cut shares of CMS Energy Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Credit Suisse Group upgraded shares of CMS Energy Corporation from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $46.00 to $50.00 in a report on Monday, July 24th. Finally, Barclays PLC restated an “equal weight” rating and issued a $49.00 target price (up previously from $44.00) on shares of CMS Energy Corporation in a report on Sunday, April 23rd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $47.50.

In other news, Vice Chairman Thomas J. Webb sold 50,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $47.23, for a total transaction of $2,361,500.00. Following the transaction, the insider now owns 187,773 shares of the company’s stock, valued at approximately $8,868,518.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jon E. Barfield sold 6,336 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total value of $296,588.16. The disclosure for this sale can be found here. Insiders have sold a total of 68,336 shares of company stock worth $3,223,288 in the last three months. Corporate insiders own 0.65% of the company’s stock.

CMS Energy Corporation Company 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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