Laffer Investments held its position in CMS Energy Corporation (NYSE:CMS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,150 shares of the utilities provider’s stock at the close of the second quarter. Laffer Investments’ holdings in CMS Energy Corporation were worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Gateway Investment Advisers LLC boosted its holdings in shares of 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 worth $783,000 after buying an additional 62 shares during the last quarter. Wetherby Asset Management Inc. boosted its holdings in shares of CMS Energy Corporation by 1.3% in the second quarter. Wetherby Asset Management Inc. now owns 5,216 shares of the utilities provider’s stock worth $241,000 after buying an additional 66 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of CMS Energy Corporation by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,836 shares of the utilities provider’s stock worth $964,000 after buying an additional 73 shares during the last quarter. Cleararc Capital Inc. boosted its holdings in shares of CMS Energy Corporation by 1.2% in the first quarter. Cleararc Capital Inc. now owns 6,847 shares of the utilities provider’s stock worth $306,000 after buying an additional 81 shares during the last quarter. Finally, Chemical Bank boosted its holdings in shares of CMS Energy Corporation by 1.0% in the second quarter. Chemical Bank now owns 8,450 shares of the utilities provider’s stock worth $391,000 after buying an additional 85 shares during the last quarter. 87.37% of the stock is currently owned by institutional investors.

In other CMS Energy Corporation news, insider Garrick J. Rochow sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $47.81, for a total value of $95,620.00. Following the sale, the insider now owns 64,307 shares in the company, valued at approximately $3,074,517.67. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jon E. Barfield sold 6,336 shares of the company’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 value of $296,588.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,836 shares of company stock worth $561,118. Insiders own 0.65% of the company’s stock.

A number of research firms recently issued reports on CMS. BMO Capital Markets reissued a “buy” rating and issued a $48.00 price objective on shares of CMS Energy Corporation in a report on Monday, July 31st. BidaskClub raised shares of CMS Energy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Morgan Stanley set a $49.00 price objective on shares of CMS Energy Corporation and gave the stock a “hold” rating in a report on Thursday, August 10th. Royal Bank Of Canada reissued a “hold” rating and issued a $46.00 price objective on shares of CMS Energy Corporation in a report on Monday, September 11th. Finally, Guggenheim began coverage on shares of CMS Energy Corporation in a report on Tuesday, September 5th. They issued a “neutral” rating and a $48.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $48.20.

Shares of CMS Energy Corporation (NYSE:CMS) traded up 0.21% during trading on Wednesday, reaching $47.49. 515,429 shares of the company’s stock traded hands. The stock has a market cap of $13.37 billion, a P/E ratio of 23.98 and a beta of 0.17. The company has a 50 day moving average price of $47.93 and a 200-day moving average price of $46.41. CMS Energy Corporation has a one year low of $38.78 and a one year high of $49.11.

CMS Energy Corporation (NYSE:CMS) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the company posted $0.45 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts expect that CMS Energy Corporation will post $2.17 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Friday, August 4th were given a $0.3325 dividend. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $1.33 annualized dividend and a yield of 2.81%. CMS Energy Corporation’s dividend payout ratio is presently 66.83%.

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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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