Archford Capital Strategies LLC grew its stake in shares of CMS Energy Corporation (NYSE:CMS) by 62.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,145 shares of the utilities provider’s stock after buying an additional 438 shares during the period. Archford Capital Strategies LLC’s holdings in CMS Energy Corporation were worth $122,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMS. Vanguard Group Inc. lifted its holdings in shares of CMS Energy Corporation by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 29,277,644 shares of the utilities provider’s stock valued at $1,354,091,000 after acquiring an additional 764,989 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of CMS Energy Corporation by 11.6% during the 2nd quarter. BlackRock Inc. now owns 25,533,148 shares of the utilities provider’s stock valued at $1,180,906,000 after acquiring an additional 2,653,503 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of CMS Energy Corporation by 11.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock valued at $961,152,000 after acquiring an additional 2,145,055 shares in the last quarter. Eaton Vance Management lifted its holdings in shares of CMS Energy Corporation by 339.0% during the 2nd quarter. Eaton Vance Management now owns 2,534,240 shares of the utilities provider’s stock valued at $117,209,000 after acquiring an additional 1,957,005 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of 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 valued at $106,547,000 after acquiring an additional 136,836 shares in the last quarter. 87.27% of the stock is owned by institutional investors.

CMS Energy Corporation (CMS) traded down 0.63% during trading on Wednesday, hitting $47.51. 210,852 shares of the stock were exchanged. The stock has a market capitalization of $13.38 billion, a price-to-earnings ratio of 23.99 and a beta of 0.15. CMS Energy Corporation has a 52 week low of $38.78 and a 52 week high of $49.11. The firm has a 50-day moving average of $47.45 and a 200-day moving average of $46.69.

CMS Energy Corporation (NYSE:CMS) last posted its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $1.36 billion. During the same period in the prior year, the company earned $0.45 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts anticipate that CMS Energy Corporation will post $2.17 earnings per share for the current fiscal year.

CMS has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of CMS Energy Corporation from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. KeyCorp restated a “buy” rating and issued a $51.00 target price on shares of CMS Energy Corporation in a research note on Friday, September 1st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $46.00 price objective on shares of CMS Energy Corporation in a research report on Monday, September 11th. Guggenheim assumed coverage on shares of CMS Energy Corporation in a research report on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price objective for the company. Finally, Credit Suisse Group raised shares of CMS Energy Corporation from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $46.00 to $50.00 in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $48.56.

In other news, insider Garrick J. Rochow sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 64,307 shares of the company’s stock, valued at $3,074,517.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brian F. Rich sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $48.26, for a total value of $168,910.00. Following the completion of the transaction, the senior vice president now directly owns 44,835 shares of the company’s stock, 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 in the last three months. Company insiders own 0.65% of the company’s stock.

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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.

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

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