Westwood Holdings Group Inc. reduced its stake in shares of CMS Energy Co. (NYSE:CMS) by 14.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,256,254 shares of the utilities provider’s stock after selling 216,458 shares during the period. Westwood Holdings Group Inc.’s holdings in CMS Energy were worth $72,750,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMS. JPMorgan Chase & Co. lifted its holdings in shares of CMS Energy by 6.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,830,525 shares of the utilities provider’s stock worth $967,922,000 after acquiring an additional 1,064,151 shares during the last quarter. Pictet Asset Management Ltd. lifted its holdings in shares of CMS Energy by 26.6% during the 2nd quarter. Pictet Asset Management Ltd. now owns 4,041,468 shares of the utilities provider’s stock worth $234,041,000 after acquiring an additional 849,647 shares during the last quarter. Scout Investments Inc. lifted its holdings in shares of CMS Energy by 72.4% during the 2nd quarter. Scout Investments Inc. now owns 1,508,302 shares of the utilities provider’s stock worth $87,346,000 after acquiring an additional 633,549 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of CMS Energy by 12.0% during the 2nd quarter. Invesco Ltd. now owns 4,951,936 shares of the utilities provider’s stock worth $286,766,000 after acquiring an additional 530,360 shares during the last quarter. Finally, Carillon Tower Advisers Inc. lifted its holdings in shares of CMS Energy by 74.1% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 1,032,775 shares of the utilities provider’s stock worth $59,808,000 after acquiring an additional 439,500 shares during the last quarter. 92.56% of the stock is owned by institutional investors.

In other CMS Energy news, Director John G. Russell sold 33,500 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $60.04, for a total value of $2,011,340.00. Following the transaction, the director now owns 257,211 shares in the company, valued at $15,442,948.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John G. Russell sold 5,600 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $57.78, for a total transaction of $323,568.00. Following the completion of the transaction, the director now owns 290,711 shares in the company, valued at approximately $16,797,281.58. The disclosure for this sale can be found here. Insiders sold 88,300 shares of company stock valued at $5,395,338 over the last three months. 0.52% of the stock is currently owned by insiders.

A number of research firms have recently issued reports on CMS. UBS Group lifted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Zacks Investment Research raised shares of CMS Energy from a “sell” rating to a “hold” rating and set a $62.00 price objective for the company in a report on Tuesday, July 23rd. Barclays reaffirmed a “hold” rating and set a $61.00 price objective on shares of CMS Energy in a report on Thursday, June 20th. Morgan Stanley lifted their price objective on shares of CMS Energy from $59.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, September 6th. Finally, Argus set a $66.00 price objective on shares of CMS Energy and gave the stock a “buy” rating in a report on Monday, August 12th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. CMS Energy has a consensus rating of “Hold” and a consensus target price of $59.54.

CMS Energy stock traded up $0.41 during mid-day trading on Friday, hitting $63.26. The company’s stock had a trading volume of 124,213 shares, compared to its average volume of 1,690,073. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.94 and a quick ratio of 0.71. The stock has a market cap of $17.70 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 3.91 and a beta of 0.10. The business has a 50 day moving average price of $61.36 and a 200-day moving average price of $57.66. CMS Energy Co. has a 12 month low of $47.63 and a 12 month high of $64.67.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.11). The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. CMS Energy had a return on equity of 12.13% and a net margin of 8.41%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share. On average, equities research analysts expect that CMS Energy Co. will post 2.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were paid a $0.3825 dividend. This represents a $1.53 annualized dividend and a yield of 2.42%. The ex-dividend date was Thursday, August 1st. CMS Energy’s dividend payout ratio is presently 65.67%.

CMS Energy Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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

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