BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 25.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 194,208 shares of the utilities provider’s stock after acquiring an additional 39,581 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.07% of CMS Energy worth $9,516,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Ancora Advisors LLC acquired a new stake in CMS Energy in the third quarter valued at $116,000. Stratos Wealth Partners LTD. acquired a new stake in CMS Energy in the third quarter valued at $134,000. Bronfman E.L. Rothschild L.P. grew its holdings in CMS Energy by 267.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,128 shares of the utilities provider’s stock valued at $148,000 after purchasing an additional 2,276 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in CMS Energy in the second quarter valued at $156,000. Finally, Meiji Yasuda Life Insurance Co acquired a new stake in CMS Energy in the third quarter valued at $211,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Brian F. Rich sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $49.69, for a total value of $198,760.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Brandon J. Hofmeister sold 500 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $51.88, for a total value of $25,940.00. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

CMS has been the topic of several research reports. Barclays initiated coverage on CMS Energy in a report on Wednesday, August 15th. They issued an “equal weight” rating and a $51.00 target price on the stock. KeyCorp reissued a “buy” rating and issued a $51.00 target price on shares of CMS Energy in a report on Thursday, August 16th. SunTrust Banks reissued a “hold” rating and issued a $50.00 target price on shares of CMS Energy in a report on Wednesday, September 5th. Argus raised CMS Energy from a “hold” rating to a “buy” rating in a report on Monday, September 10th. Finally, Morgan Stanley upped their target price on CMS Energy from $49.00 to $51.00 and gave the company a “hold” rating in a report on Tuesday, September 11th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $51.50.

Shares of NYSE:CMS opened at $52.91 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.47 and a debt-to-equity ratio of 1.87. CMS Energy Co. has a 52-week low of $40.48 and a 52-week high of $53.35. The firm has a market capitalization of $14.89 billion, a PE ratio of 21.55, a P/E/G ratio of 3.63 and a beta of 0.03.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, October 25th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. CMS Energy had a return on equity of 14.88% and a net margin of 8.00%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the business earned $0.62 earnings per share. On average, equities analysts anticipate that CMS Energy Co. will post 2.34 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 2nd were given a $0.3575 dividend. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $1.43 annualized dividend and a dividend yield of 2.70%. CMS Energy’s dividend payout ratio is currently 65.90%.

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CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.

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

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