Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its position in shares of CMS Energy Corporation (NYSE:CMS) by 10.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,306 shares of the utilities provider’s stock after selling 6,030 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in CMS Energy Corporation were worth $2,465,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CMS. Premier Fund Managers Ltd boosted its stake in shares of CMS Energy Corporation by 14.1% in the first quarter. Premier Fund Managers Ltd now owns 36,500 shares of the utilities provider’s stock worth $1,631,000 after buying an additional 4,500 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of CMS Energy Corporation by 5.7% in the first quarter. Lazard Asset Management LLC now owns 366,493 shares of the utilities provider’s stock worth $16,396,000 after buying an additional 19,783 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of CMS Energy Corporation by 11.3% in the first quarter. Thrivent Financial For Lutherans now owns 10,830 shares of the utilities provider’s stock worth $485,000 after buying an additional 1,100 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of CMS Energy Corporation by 10.3% in the fourth quarter. Macquarie Group Ltd. now owns 102,600 shares of the utilities provider’s stock worth $4,271,000 after buying an additional 9,600 shares in the last quarter. Finally, Symphony Asset Management LLC boosted its stake in shares of CMS Energy Corporation by 3.6% in the first quarter. Symphony Asset Management LLC now owns 64,567 shares of the utilities provider’s stock worth $2,889,000 after buying an additional 2,240 shares in the last quarter. Hedge funds and other institutional investors own 85.93% of the company’s stock.

CMS Energy Corporation (CMS) opened at 47.46 on Tuesday. CMS Energy Corporation has a 12 month low of $38.78 and a 12 month high of $48.37. The company has a market capitalization of $13.36 billion, a price-to-earnings ratio of 23.97 and a beta of 0.16. The stock has a 50 day moving average of $46.50 and a 200 day moving average of $45.50.

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. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.36 billion. CMS Energy Corporation had a net margin of 8.52% and a return on equity of 12.98%. CMS Energy Corporation’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. Equities analysts anticipate that CMS Energy Corporation will post $2.17 EPS for the current fiscal year.

The business 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 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, August 2nd. CMS Energy Corporation’s dividend payout ratio is presently 66.83%.

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CMS has been the subject of a number of recent analyst reports. Barclays PLC reiterated an “equal weight” rating and issued a $49.00 price target (up previously from $44.00) on shares of CMS Energy Corporation in a research note on Sunday, April 23rd. BidaskClub cut shares of CMS Energy Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Morgan Stanley initiated coverage on shares of CMS Energy Corporation in a research note on Monday, July 31st. They issued an “equal weight” rating and a $47.00 price target for the company. BMO Capital Markets reiterated a “buy” rating and issued a $48.00 price target on shares of CMS Energy Corporation in a research note on Monday, July 31st. Finally, Credit Suisse Group upgraded shares of CMS Energy Corporation from a “neutral” rating to an “outperform” rating and increased their price target for the company from $46.00 to $50.00 in a research note on Monday, July 24th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $47.75.

In related news, insider Daniel J. Malone sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $47.42, for a total value of $474,200.00. Following the transaction, the insider now directly owns 148,622 shares in the company, valued at $7,047,655.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 transaction of $296,588.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,336 shares of company stock worth $3,132,288. Company 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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