Quadrant Capital Group LLC decreased its position in shares of CMS Energy Corp. (NYSE:CMS) by 7.4% during the second quarter, Holdings Channel reports. The institutional investor owned 2,559 shares of the company’s stock after selling 204 shares during the period. Quadrant Capital Group LLC’s holdings in CMS Energy Corp. were worth $116,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in CMS. Standard Life Investments LTD increased its position in CMS Energy Corp. by 22.3% in the second quarter. Standard Life Investments LTD now owns 7,943,113 shares of the company’s stock worth $364,192,000 after buying an additional 1,449,503 shares during the period. State Street Corp increased its position in CMS Energy Corp. by 9.0% in the first quarter. State Street Corp now owns 14,310,368 shares of the company’s stock worth $607,321,000 after buying an additional 1,180,500 shares during the period. PGGM Investments increased its position in CMS Energy Corp. by 298.8% in the second quarter. PGGM Investments now owns 941,700 shares of the company’s stock worth $43,186,000 after buying an additional 705,588 shares during the period. Bank of Montreal Can purchased a new position in CMS Energy Corp. during the second quarter worth about $22,042,000. Finally, BlackRock Institutional Trust Company N.A. increased its position in CMS Energy Corp. by 5.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,356,132 shares of the company’s stock worth $354,634,000 after buying an additional 410,067 shares during the period. Institutional investors own 89.09% of the company’s stock.
CMS Energy Corp. (NYSE:CMS) traded down 0.47% during midday trading on Friday, hitting $40.26. The company had a trading volume of 1,747,166 shares. The stock has a market capitalization of $11.23 billion, a PE ratio of 20.64 and a beta of 0.12. The stock has a 50 day moving average price of $42.30 and a 200-day moving average price of $42.71. CMS Energy Corp. has a 52 week low of $33.84 and a 52 week high of $46.25.
CMS Energy Corp. (NYSE:CMS) last issued its earnings results on Thursday, July 28th. The company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.09. The business earned $1.37 billion during the quarter, compared to analyst estimates of $1.49 billion. CMS Energy Corp. had a return on equity of 13.34% and a net margin of 8.79%. CMS Energy Corp.’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. On average, equities analysts predict that CMS Energy Corp. will post $2.02 EPS for the current year.
A number of equities analysts have issued reports on CMS shares. KeyCorp reiterated an “outperform” rating and issued a $47.00 price objective (up previously from $45.00) on shares of CMS Energy Corp. in a report on Saturday, July 2nd. SunTrust Banks Inc. decreased their price objective on CMS Energy Corp. from $43.00 to $42.00 and set a “neutral” rating for the company in a report on Monday, August 29th. Scotiabank started coverage on CMS Energy Corp. in a report on Friday, July 15th. They issued a “sector perform” rating and a $46.00 price objective for the company. Zacks Investment Research downgraded CMS Energy Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of CMS Energy Corp. in a report on Friday, July 29th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $43.95.
In other news, SVP Catherine M. Reynolds sold 11,032 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $43.59, for a total value of $480,884.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brian F. Rich sold 2,135 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $43.17, for a total value of $92,167.95. Following the completion of the transaction, the senior vice president now directly owns 49,330 shares of the company’s stock, valued at $2,129,576.10. The disclosure for this sale can be found here. Company insiders own 0.93% of the company’s stock.
About CMS Energy Corp.
CMS Energy Corporation (CMS Energy) is an energy company operating primarily in Michigan. The Company operates in three segments, which include Consumers Electric Utility, Consumers Gas Utility and Enterprises (non-utility operations and investments). CMS Energy, through its subsidiaries and equity investments, is engaged primarily in independent power production and owns power generation facilities fueled by natural gas and biomass.
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