Mandatum Life Insurance Co Ltd acquired a new stake in CMS Energy Corporation (NYSE:CMS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,908 shares of the utilities provider’s stock, valued at approximately $413,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Clarius Group LLC boosted its holdings in CMS Energy Corporation by 0.6% in the 2nd quarter. Clarius Group LLC now owns 5,320 shares of the utilities provider’s stock valued at $247,000 after purchasing an additional 34 shares in the last quarter. Wetherby Asset Management Inc. boosted its holdings in CMS Energy Corporation by 1.3% in the 2nd quarter. Wetherby Asset Management Inc. now owns 5,216 shares of the utilities provider’s stock valued at $241,000 after purchasing an additional 66 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in CMS Energy Corporation by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,836 shares of the utilities provider’s stock valued at $964,000 after purchasing an additional 73 shares in the last quarter. Chemical Bank boosted its holdings in CMS Energy Corporation by 1.0% in the 2nd quarter. Chemical Bank now owns 8,450 shares of the utilities provider’s stock valued at $391,000 after purchasing an additional 85 shares in the last quarter. Finally, ETRADE Capital Management LLC boosted its holdings in CMS Energy Corporation by 0.4% in the 2nd quarter. ETRADE Capital Management LLC now owns 25,141 shares of the utilities provider’s stock valued at $1,163,000 after purchasing an additional 88 shares in the last quarter. 87.57% of the stock is currently owned by institutional investors.

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In other news, insider David G. Mengebier sold 2,500 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $49.48, for a total transaction of $123,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $48.02, for a total value of $48,020.00. Following the sale, the insider now owns 28,176 shares of the company’s stock, valued at $1,353,011.52. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Shares of CMS Energy Corporation (NYSE:CMS) traded down $0.08 during trading on Thursday, hitting $49.40. The company had a trading volume of 1,078,600 shares, compared to its average volume of 1,831,000. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.59. CMS Energy Corporation has a 1 year low of $39.42 and a 1 year high of $50.85. The firm has a market cap of $13,910.00, a P/E ratio of 25.37, a P/E/G ratio of 3.53 and a beta of 0.18.

CMS Energy Corporation (NYSE:CMS) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.07. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.60 billion. CMS Energy Corporation had a return on equity of 12.30% and a net margin of 8.38%. CMS Energy Corporation’s revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 EPS. equities research analysts expect that CMS Energy Corporation will post 2.17 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 3rd will be issued a $0.3325 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $1.33 annualized dividend and a yield of 2.69%. CMS Energy Corporation’s dividend payout ratio (DPR) is presently 68.91%.

Several equities research analysts have recently commented on CMS shares. Zacks Investment Research lowered CMS Energy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Morgan Stanley started coverage on CMS Energy Corporation in a research note on Monday, July 31st. They set an “equal weight” rating and a $47.00 price target on the stock. KeyCorp reissued a “buy” rating and set a $51.00 price target on shares of CMS Energy Corporation in a research note on Friday, September 1st. BidaskClub raised CMS Energy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. 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 analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. CMS Energy Corporation presently has an average rating of “Buy” and an average target price of $48.90.

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.

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

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