CMS Energy Corporation (CMS) Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. lessened its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 4.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,966 shares of the utilities provider’s stock after selling 961 shares during the quarter. Johnson Financial Group Inc.’s holdings in CMS Energy Corporation were worth $877,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Blue Chip Partners Inc. lifted its position in shares of CMS Energy Corporation by 0.7% during the first quarter. Blue Chip Partners Inc. now owns 4,610 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 34 shares in the last quarter. Clarius Group LLC lifted its position in shares of CMS Energy Corporation by 0.7% during the first quarter. Clarius Group LLC now owns 5,286 shares of the utilities provider’s stock worth $237,000 after purchasing an additional 36 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in shares of CMS Energy Corporation by 0.4% during the second 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 in the last quarter. Wetherby Asset Management Inc. lifted its position in shares of CMS Energy Corporation by 1.3% during the second 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 in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of CMS Energy Corporation by 0.4% during the second 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 in the last quarter. 87.45% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Garrick J. Rochow sold 2,000 shares of CMS Energy Corporation stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $3,074,517.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brian F. Rich sold 3,500 shares of CMS Energy Corporation stock in a transaction that occurred 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 sale, the senior vice president now directly 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 a total of 11,836 shares of company stock worth $561,118 in the last three months. 0.65% of the stock is owned by insiders.

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Several brokerages recently weighed in on CMS. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $46.00 target price on shares of CMS Energy Corporation in a report on Monday. BMO Capital Markets reaffirmed a “buy” rating and issued a $48.00 target price on shares of CMS Energy Corporation in a report on Monday, July 31st. BidaskClub raised shares of 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 shares of CMS Energy Corporation and gave the company a “hold” rating in a report on Thursday, August 10th. Finally, Guggenheim began coverage on shares of CMS Energy Corporation in a report on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. CMS Energy Corporation presently has a consensus rating of “Buy” and a consensus target price of $48.20.

Shares of CMS Energy Corporation (CMS) traded down 0.08% during trading on Friday, hitting $47.85. 1,145,065 shares of the stock were exchanged. The stock has a market cap of $13.47 billion, a PE ratio of 24.17 and a beta of 0.17. CMS Energy Corporation has a one year low of $38.78 and a one year high of $49.11. The stock’s 50 day moving average price is $47.83 and its 200 day moving average price is $46.31.

CMS Energy Corporation (NYSE:CMS) last announced 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 analyst estimates of $1.36 billion. During the same period in the previous year, the business posted $0.45 EPS. CMS Energy Corporation’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts predict that CMS Energy Corporation will post $2.17 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Friday, August 4th were issued a dividend of $0.3325 per share. This represents a $1.33 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Wednesday, August 2nd. CMS Energy Corporation’s payout ratio is presently 66.83%.

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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