Sumitomo Mitsui Trust Holdings Inc. boosted its stake in CMS Energy Corp. (NYSE:CMS) by 2.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 860,070 shares of the company’s stock after buying an additional 23,220 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.31% of CMS Energy Corp. worth $39,443,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. BKD Wealth Advisors LLC boosted its stake in shares of CMS Energy Corp. by 1.7% in the second quarter. BKD Wealth Advisors LLC now owns 4,927 shares of the company’s stock valued at $226,000 after buying an additional 80 shares during the last quarter. ING Groep NV bought a new stake in shares of CMS Energy Corp. during the first quarter valued at about $268,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of CMS Energy Corp. during the first quarter valued at about $380,000. BlueMountain Capital Management LLC bought a new stake in shares of CMS Energy Corp. during the first quarter valued at about $429,000. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of CMS Energy Corp. by 14.1% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,984 shares of the company’s stock valued at $458,000 after buying an additional 1,231 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Institutional Ownership by Quarter for CMS Energy Corp. (NYSE:CMS)

CMS Energy Corp. (NYSE:CMS) traded down 0.14% during trading on Wednesday, reaching $41.36. The company had a trading volume of 2,138,608 shares. The firm’s 50 day moving average is $41.90 and its 200-day moving average is $42.65. The company has a market capitalization of $11.54 billion, a P/E ratio of 21.20 and a beta of 0.12. CMS Energy Corp. has a 12 month low of $33.84 and a 12 month high of $46.25.

CMS Energy Corp. (NYSE:CMS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. The company earned $1.37 billion during the quarter, compared to the consensus estimate of $1.49 billion. CMS Energy Corp. had a return on equity of 13.34% and a net margin of 8.79%. CMS Energy Corp.’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 earnings per share. On average, equities analysts expect that CMS Energy Corp. will post $2.02 earnings per share for the current year.

Several brokerages have issued reports on CMS. Howard Weil began coverage on CMS Energy Corp. in a report on Friday, July 15th. They issued a “sector perform” rating and a $46.00 target price for the company. SunTrust Banks Inc. upped their target price on CMS Energy Corp. from $43.00 to $44.00 and gave the company a “neutral” rating in a report on Monday, September 26th. BMO Capital Markets restated a “buy” rating on shares of CMS Energy Corp. in a report on Friday, July 29th. Zacks Investment Research upgraded CMS Energy Corp. from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Thursday, July 14th. Finally, Scotiabank began coverage on CMS Energy Corp. in a report on Friday, July 15th. They issued a “sector perform” rating and a $46.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $43.75.

In other news, SVP Brian F. Rich sold 2,135 shares of CMS Energy Corp. stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $43.17, for a total value of $92,167.95. Following the completion of the sale, the senior vice president now owns 49,330 shares of the company’s stock, valued at $2,129,576.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jon E. Barfield sold 9,568 shares of CMS Energy Corp. stock in a transaction on Friday, August 26th. The shares were sold at an average price of $42.97, for a total value of $411,136.96. Following the completion of the sale, the director now directly owns 23,256 shares of the company’s stock, valued at approximately $999,310.32. The disclosure for this sale can be found here. 0.93% of the stock is owned by insiders.

About CMS Energy Corp.

CMS Energy Corporation (CMS Energy) is an energy company operating primarily in Michigan. The Company operates in three segments, which include Consumers Electric Utility, Consumers Gas Utility and Enterprises (non-utility operations and investments). CMS Energy, through its subsidiaries and equity investments, is engaged primarily in independent power production and owns power generation facilities fueled by natural gas and biomass.

5 Day Chart for NYSE:CMS

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