Principal Financial Group Inc. increased its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 443,748 shares of the utilities provider’s stock after buying an additional 6,002 shares during the quarter. Principal Financial Group Inc. owned 0.16% of CMS Energy Corporation worth $20,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in CMS Energy Corporation by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 28,512,655 shares of the utilities provider’s stock worth $1,275,656,000 after buying an additional 1,065,859 shares during the last quarter. BlackRock Inc. grew its stake in CMS Energy Corporation by 2,081.4% during the 1st quarter. BlackRock Inc. now owns 22,879,645 shares of the utilities provider’s stock worth $1,023,636,000 after buying an additional 21,830,781 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in CMS Energy Corporation by 1.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,588,141 shares of the utilities provider’s stock worth $160,533,000 after buying an additional 63,872 shares during the last quarter. Geode Capital Management LLC grew its stake in CMS Energy Corporation by 10.3% during the 1st quarter. Geode Capital Management LLC now owns 2,749,657 shares of the utilities provider’s stock worth $122,844,000 after buying an additional 257,136 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in CMS Energy Corporation by 6.3% during the 2nd quarter. Legal & General Group Plc now owns 2,303,605 shares of the utilities provider’s stock worth $106,547,000 after buying an additional 136,836 shares during the last quarter. Hedge funds and other institutional investors own 87.45% of the company’s stock.

In other news, insider Garrick J. Rochow sold 2,000 shares of CMS Energy Corporation stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $47.81, for a total transaction of $95,620.00. Following the sale, the insider now owns 64,307 shares in the company, valued at $3,074,517.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brian F. Rich sold 3,500 shares of CMS Energy Corporation stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $48.26, for a total value of $168,910.00. Following the sale, the senior vice president now owns 44,835 shares in the company, valued at approximately $2,163,737.10. The disclosure for this sale can be found here. Insiders have sold 11,836 shares of company stock worth $561,118 in the last quarter. Insiders own 0.65% of the company’s stock.

Several research analysts recently weighed in on CMS shares. BidaskClub downgraded CMS Energy Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Royal Bank Of Canada reiterated a “hold” rating and set a $46.00 price target on shares of CMS Energy Corporation in a research note on Monday. Morgan Stanley set a $49.00 price target on CMS Energy Corporation and gave the company a “hold” rating in a research note on Thursday, August 10th. BMO Capital Markets reiterated a “buy” rating and set a $48.00 price target on shares of CMS Energy Corporation in a research note on Monday, July 31st. Finally, Guggenheim started coverage on CMS Energy Corporation in a research note on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price target on the stock. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $48.20.

Shares of CMS Energy Corporation (NYSE CMS) opened at 47.50 on Thursday. The firm’s 50-day moving average price is $47.75 and its 200 day moving average price is $46.29. The stock has a market cap of $13.37 billion, a P/E ratio of 23.99 and a beta of 0.17. CMS Energy Corporation has a 1-year low of $38.78 and a 1-year high of $49.11.

CMS Energy Corporation (NYSE:CMS) last posted its earnings results on Friday, July 28th. The utilities provider reported $0.33 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the firm posted $0.45 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts expect that CMS Energy Corporation will post $2.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Friday, August 4th were given a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Wednesday, August 2nd. CMS Energy Corporation’s dividend payout ratio (DPR) is currently 66.83%.

TRADEMARK VIOLATION NOTICE: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/09/14/cms-energy-corporation-cms-shares-bought-by-principal-financial-group-inc.html.

CMS Energy Corporation 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.

Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Corporation (NYSE:CMS).

Institutional Ownership by Quarter for CMS Energy Corporation (NYSE:CMS)

Receive News & Stock Ratings for CMS Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy Corporation and related stocks with our FREE daily email newsletter.