CMS Energy Corporation (CMS) Shares Bought by Stifel Financial Corp

Stifel Financial Corp increased its stake in CMS Energy Corporation (NYSE:CMS) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,425 shares of the utilities provider’s stock after purchasing an additional 760 shares during the quarter. Stifel Financial Corp’s holdings in CMS Energy Corporation were worth $2,798,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in CMS Energy Corporation by 2,081.4% during the 1st quarter. BlackRock Inc. now owns 22,879,645 shares of the utilities provider’s stock valued at $1,023,636,000 after acquiring an additional 21,830,781 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in 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 increased its holdings in 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. Renaissance Technologies LLC increased its holdings in CMS Energy Corporation by 1,171.6% during the 1st quarter. Renaissance Technologies LLC now owns 878,700 shares of the utilities provider’s stock valued at $39,313,000 after acquiring an additional 809,600 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in 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. Institutional investors and hedge funds own 87.37% of the company’s stock.

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Shares of CMS Energy Corporation (NYSE:CMS) opened at 47.72 on Friday. CMS Energy Corporation has a 52-week low of $38.78 and a 52-week high of $49.11. The firm has a market capitalization of $13.44 billion, a PE ratio of 24.10 and a beta of 0.15. The company has a 50 day moving average of $47.51 and a 200 day moving average of $46.65.

CMS Energy Corporation (NYSE:CMS) last issued its earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.08). The business 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 for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. On average, analysts anticipate that CMS Energy Corporation will post $2.17 earnings per share for the current fiscal year.

Several equities analysts have weighed in on the stock. SunTrust Banks, Inc. restated a “hold” rating and set a $47.00 target price on shares of CMS Energy Corporation in a report on Wednesday, October 4th. Royal Bank Of Canada restated a “hold” rating and set a $46.00 target price on shares of CMS Energy Corporation in a report on Monday, September 11th. Morgan Stanley raised 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. Guggenheim assumed coverage on shares of CMS Energy Corporation in a report on Tuesday, September 5th. They set a “neutral” rating and a $48.00 target price for the company. Finally, KeyCorp restated a “buy” rating and set a $51.00 target price on shares of CMS Energy Corporation in a report on Friday, September 1st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $48.56.

In related news, SVP Brian F. Rich sold 3,500 shares of the business’s 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 completion of the sale, the senior vice president now owns 44,835 shares of the company’s stock, valued at approximately $2,163,737.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jon E. Barfield sold 6,336 shares of the business’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 disclosure for this sale can be found here. Insiders sold a total of 11,836 shares of company stock worth $561,118 in the last quarter. 0.65% of the stock is owned by corporate insiders.

About CMS Energy Corporation

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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