Royal Bank of Canada Acquires 62,183 Shares of CMS Energy Corporation (NYSE:CMS)

Royal Bank of Canada raised its position in shares of CMS Energy Corporation (NYSE:CMS) by 10.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 660,209 shares of the utilities provider’s stock after acquiring an additional 62,183 shares during the quarter. Royal Bank of Canada owned approximately 0.23% of CMS Energy Corporation worth $30,533,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Clarius Group LLC boosted its position 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 valued at $247,000 after acquiring an additional 34 shares in the last quarter. Gateway Investment Advisers LLC boosted its position 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 valued at $783,000 after acquiring an additional 62 shares in the last quarter. Wetherby Asset Management Inc. boosted its position 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 valued at $241,000 after acquiring an additional 66 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position 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 valued at $964,000 after acquiring an additional 73 shares in the last quarter. Finally, Cleararc Capital Inc. boosted its position in CMS Energy Corporation by 1.2% during the 1st quarter. Cleararc Capital Inc. now owns 6,847 shares of the utilities provider’s stock valued at $306,000 after acquiring an additional 81 shares in the last quarter. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have weighed in on CMS. Zacks Investment Research cut CMS Energy Corporation from a “hold” rating to a “sell” rating in a research report on Friday. Morgan Stanley initiated coverage on CMS Energy Corporation in a research report on Monday, July 31st. They set an “equal weight” rating and a $47.00 price objective on the stock. Credit Suisse Group raised CMS Energy Corporation from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $46.00 to $50.00 in a research report on Monday, July 24th. KeyCorp reissued a “buy” rating and issued a $51.00 price target on shares of CMS Energy Corporation in a research report on Friday, September 1st. Finally, BidaskClub raised CMS Energy Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $48.56.

Shares of CMS Energy Corporation (NYSE:CMS) traded down 0.40% during trading on Tuesday, reaching $47.22. 175,609 shares of the company were exchanged. The firm has a market capitalization of $13.30 billion, a PE ratio of 23.85 and a beta of 0.16. CMS Energy Corporation has a 1-year low of $38.78 and a 1-year high of $49.11. The company’s 50-day moving average is $47.45 and its 200 day moving average is $46.69.

CMS Energy Corporation (NYSE:CMS) last announced its earnings results 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). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.36 billion. CMS Energy Corporation had a net margin of 8.52% and a return on equity of 12.98%. CMS Energy Corporation’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. Equities research analysts expect that CMS Energy Corporation will post $2.17 EPS for the current fiscal year.

In other CMS Energy Corporation news, Director Jon E. Barfield sold 6,336 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $46.81, for a total value of $296,588.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Garrick J. Rochow sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $47.81, for a total transaction of $95,620.00. Following the completion of the sale, the insider now owns 64,307 shares of the company’s stock, valued at $3,074,517.67. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,836 shares of company stock valued at $561,118. 0.65% of the stock is owned by insiders.

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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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