Prudential PLC continued to hold its position in shares of CMS Energy Corporation (NYSE:CMS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,400 shares of the utilities provider’s stock at the close of the 2nd quarter. Prudential PLC’s holdings in CMS Energy Corporation were worth $1,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Clarius Group LLC lifted its holdings in CMS Energy Corporation by 0.6% during the 2nd quarter. Clarius Group LLC now owns 5,320 shares of the utilities provider’s stock worth $247,000 after purchasing an additional 34 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in CMS Energy Corporation by 0.4% during the 2nd quarter. Gateway Investment Advisers LLC now owns 16,924 shares of the utilities provider’s stock worth $783,000 after purchasing an additional 62 shares during the last quarter. Wetherby Asset Management Inc. lifted its holdings in CMS Energy Corporation by 1.3% during the 2nd quarter. Wetherby Asset Management Inc. now owns 5,216 shares of the utilities provider’s stock worth $241,000 after purchasing an additional 66 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in CMS Energy Corporation by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,836 shares of the utilities provider’s stock worth $964,000 after purchasing an additional 73 shares during the last quarter. Finally, Chemical Bank lifted its holdings in CMS Energy Corporation by 1.0% during the 2nd quarter. Chemical Bank now owns 8,450 shares of the utilities provider’s stock worth $391,000 after purchasing an additional 85 shares during the last quarter. 87.37% of the stock is owned by institutional investors and hedge funds.

In related news, insider Garrick J. Rochow sold 2,000 shares of the stock in a transaction 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 $3,074,517.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Brian F. Rich sold 3,500 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $48.26, for a total value of $168,910.00. Following the completion of 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 sold 11,836 shares of company stock valued at $561,118 over the last ninety days. Corporate insiders own 0.65% of the company’s stock.

Several analysts recently weighed in on CMS shares. BidaskClub cut CMS Energy Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. KeyCorp reaffirmed a “buy” rating and issued a $51.00 price objective on shares of CMS Energy Corporation in a report on Friday, September 1st. Morgan Stanley lifted their price objective on CMS Energy Corporation from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Guggenheim initiated coverage on CMS Energy Corporation in a report on Tuesday, September 5th. They issued a “neutral” rating and a $48.00 price objective for the company. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $47.00 price objective on shares of CMS Energy Corporation in a report on Wednesday, October 4th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $48.56.

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CMS Energy Corporation (CMS) opened at 47.00 on Wednesday. The firm has a 50-day moving average price of $47.56 and a 200 day moving average price of $46.63. CMS Energy Corporation has a one year low of $38.78 and a one year high of $49.11. The firm has a market capitalization of $13.23 billion, a PE ratio of 23.74 and a beta of 0.15.

CMS Energy Corporation (NYSE:CMS) last posted its quarterly 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 company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the business earned $0.45 earnings per share. CMS Energy Corporation’s revenue was up 5.7% on a year-over-year basis. Analysts anticipate that CMS Energy Corporation will post $2.17 EPS for the current fiscal year.

About CMS Energy Corporation

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.

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

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