Exxonmobil Investment Management Inc. TX reduced its stake in shares of CMS Energy Corporation (NYSE:CMS) by 13.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,847 shares of the utilities provider’s stock after selling 8,311 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in CMS Energy Corporation were worth $2,490,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Blue Chip Partners Inc. increased its position in CMS Energy Corporation by 0.7% in the first quarter. Blue Chip Partners Inc. now owns 4,610 shares of the utilities provider’s stock valued at $206,000 after buying an additional 34 shares in the last quarter. Clarius Group LLC increased its position in CMS Energy Corporation by 0.7% in the first quarter. Clarius Group LLC now owns 5,286 shares of the utilities provider’s stock valued at $237,000 after buying an additional 36 shares in the last quarter. Gateway Investment Advisers LLC increased its position in CMS Energy Corporation by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 16,924 shares of the utilities provider’s stock valued at $783,000 after buying an additional 62 shares in the last quarter. Cleararc Capital Inc. increased its position in CMS Energy Corporation by 1.2% in the first quarter. Cleararc Capital Inc. now owns 6,847 shares of the utilities provider’s stock valued at $306,000 after buying an additional 81 shares in the last quarter. Finally, Greenleaf Trust increased its position in CMS Energy Corporation by 0.5% in the first quarter. Greenleaf Trust now owns 17,871 shares of the utilities provider’s stock valued at $800,000 after buying an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 86.98% of the company’s stock.

CMS Energy Corporation (NYSE:CMS) opened at 45.90 on Monday. CMS Energy Corporation has a 1-year low of $38.78 and a 1-year high of $48.37. The company has a 50 day moving average of $46.99 and a 200 day moving average of $44.44. The firm has a market capitalization of $12.85 billion, a P/E ratio of 21.85 and a beta of 0.16.

CMS Energy Corporation (NYSE:CMS) last announced its quarterly earnings data on Monday, May 1st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.06. CMS Energy Corporation had a return on equity of 13.94% and a net margin of 9.12%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the business posted $0.59 EPS. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that CMS Energy Corporation will post $2.17 earnings per share for the current year.

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Several research firms have commented on CMS. BMO Capital Markets reiterated a “buy” rating and issued a $48.00 price objective on shares of CMS Energy Corporation in a report on Tuesday, May 2nd. Deutsche Bank AG upped their price objective on shares of CMS Energy Corporation from $47.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, April 11th. BidaskClub upgraded shares of CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $49.00 price objective (up from $44.00) on shares of CMS Energy Corporation in a report on Sunday, April 23rd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. CMS Energy Corporation currently has an average rating of “Hold” and a consensus target price of $46.50.

In other CMS Energy Corporation news, insider Daniel J. Malone sold 10,000 shares of CMS Energy Corporation stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $47.42, for a total transaction of $474,200.00. Following the completion of the transaction, the insider now owns 148,622 shares of the company’s stock, valued at approximately $7,047,655.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dhenuvakonda Rao Venkat sold 2,000 shares of CMS Energy Corporation stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $45.50, for a total value of $91,000.00. Following the transaction, the insider now directly owns 30,022 shares of the company’s stock, valued at approximately $1,366,001. The disclosure for this sale can be found here. Insiders sold a total of 88,246 shares of company stock worth $4,114,711 over the last 90 days. 0.65% of the stock is currently owned by company insiders.

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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