Rhumbline Advisers boosted its stake in CMS Energy Corporation (NYSE:CMS) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 597,233 shares of the utilities provider’s stock after buying an additional 1,284 shares during the period. Rhumbline Advisers’ holdings in CMS Energy Corporation were worth $27,622,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake 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 valued at $1,023,636,000 after buying an additional 21,830,781 shares during the last quarter. Vanguard Group Inc. raised its position in shares of 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 valued at $1,275,656,000 after buying an additional 1,065,859 shares during the period. Renaissance Technologies LLC raised its position in shares of CMS Energy Corporation by 1,171.6% in the first quarter. Renaissance Technologies LLC now owns 878,700 shares of the utilities provider’s stock valued at $39,313,000 after buying an additional 809,600 shares during the period. Canada Pension Plan Investment Board raised its position in shares of CMS Energy Corporation by 1,561,904.2% in the first quarter. Canada Pension Plan Investment Board now owns 749,762 shares of the utilities provider’s stock valued at $33,544,000 after buying an additional 749,714 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of CMS Energy Corporation by 98.4% in the first quarter. Wells Fargo & Company MN now owns 1,006,560 shares of the utilities provider’s stock valued at $45,033,000 after buying an additional 499,284 shares during the period. Hedge funds and other institutional investors own 85.93% of the company’s stock.

CMS Energy Corporation (CMS) opened at 47.46 on Tuesday. The stock has a 50 day moving average of $46.50 and a 200 day moving average of $45.50. CMS Energy Corporation has a 1-year low of $38.78 and a 1-year high of $48.37. The stock has a market cap of $13.36 billion, a price-to-earnings ratio of 23.97 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 EPS for the quarter, missing the Zacks’ 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 company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the company earned $0.45 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that CMS Energy Corporation will post $2.17 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 4th will be paid a dividend of $0.3325 per share. 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 dividend payout ratio is currently 66.83%.

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Several research analysts have weighed in on CMS shares. BidaskClub raised shares of CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th. Credit Suisse Group raised shares of CMS Energy Corporation from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $46.00 to $50.00 in a research note on Monday, July 24th. Barclays PLC reaffirmed an “equal weight” rating and set a $49.00 target price (up previously from $44.00) on shares of CMS Energy Corporation in a research note on Sunday, April 23rd. BMO Capital Markets reaffirmed a “buy” rating and set a $48.00 target price on shares of CMS Energy Corporation in a research note on Tuesday, May 2nd. Finally, Morgan Stanley started coverage on shares of CMS Energy Corporation in a research note on Monday, July 31st. They set an “equal weight” rating and a $47.00 target price for the company. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $47.75.

In related news, Director Jon E. Barfield sold 6,336 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $46.81, for a total transaction of $296,588.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Thomas J. Webb sold 50,000 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 187,773 shares of the company’s stock, valued at approximately $8,868,518.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,336 shares of company stock valued at $3,132,288. 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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