Tobam increased its stake in shares of CMS Energy Corporation (NYSE:CMS) by 75.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 210,081 shares of the utilities provider’s stock after buying an additional 90,494 shares during the period. Tobam owned about 0.07% of CMS Energy Corporation worth $9,716,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. increased its position in shares of CMS Energy Corporation by 3.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 7,416 shares of the utilities provider’s stock worth $310,000 after buying an additional 240 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in shares of CMS Energy Corporation by 12.1% in the first quarter. Glen Harbor Capital Management LLC now owns 18,370 shares of the utilities provider’s stock worth $822,000 after buying an additional 1,980 shares in the last quarter. Strs Ohio increased its position in shares of CMS Energy Corporation by 14.1% in the first quarter. Strs Ohio now owns 59,535 shares of the utilities provider’s stock worth $2,663,000 after buying an additional 7,370 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of CMS Energy Corporation by 48.4% in the first quarter. Russell Investments Group Ltd. now owns 1,143,082 shares of the utilities provider’s stock worth $51,123,000 after buying an additional 372,554 shares in the last quarter. Finally, Conning Inc. increased its position in shares of CMS Energy Corporation by 1.5% in the first quarter. Conning Inc. now owns 11,859 shares of the utilities provider’s stock worth $531,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 87.45% of the company’s stock.

Shares of CMS Energy Corporation (NYSE:CMS) opened at 48.50 on Monday. The stock has a 50 day moving average price of $46.95 and a 200-day moving average price of $45.83. The stock has a market capitalization of $13.66 billion, a PE ratio of 24.49 and a beta of 0.16. CMS Energy Corporation has a 1-year low of $38.78 and a 1-year high of $48.75.

CMS Energy Corporation (NYSE:CMS) last issued its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.08. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.36 billion. CMS Energy Corporation had a net margin of 8.52% and a return on equity of 12.98%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. On average, analysts forecast that CMS Energy Corporation will post $2.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 4th will be given a $0.3325 dividend. This represents a $1.33 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, August 2nd. CMS Energy Corporation’s dividend payout ratio (DPR) is presently 66.83%.

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A number of equities analysts recently commented on the company. BidaskClub upgraded CMS Energy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Morgan Stanley set a $49.00 target price on CMS Energy Corporation and gave the company a “hold” rating in a report on Thursday, August 10th. BMO Capital Markets restated a “buy” rating and set a $48.00 target price on shares of CMS Energy Corporation in a report on Monday, July 31st. Finally, Credit Suisse Group upgraded CMS Energy Corporation from a “neutral” rating to an “outperform” rating and upped their target price for the company from $46.00 to $50.00 in a report on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. CMS Energy Corporation has a consensus rating of “Buy” and a consensus target price of $47.75.

In related news, Director Jon E. Barfield sold 6,336 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total value of $296,588.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel J. Malone sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $47.42, for a total value of $474,200.00. Following the completion of the transaction, the insider now owns 148,622 shares in the company, valued at approximately $7,047,655.24. The disclosure for this sale can be found here. Insiders sold a total of 21,836 shares of company stock worth $1,035,318 in the last 90 days. 0.65% of the stock is currently owned by 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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