Mainstay Capital Management LLC ADV grew its position in CMS Energy Co. (NYSE:CMS) by 4,628.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,640 shares of the utilities provider’s stock after acquiring an additional 23,140 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in CMS Energy were worth $500,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of CMS Energy by 5.4% in the first quarter. BlackRock Inc. now owns 29,023,347 shares of the utilities provider’s stock worth $1,314,466,000 after purchasing an additional 1,489,311 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of CMS Energy by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 14,906,647 shares of the utilities provider’s stock worth $704,787,000 after purchasing an additional 2,030,430 shares during the last quarter. Standard Life Aberdeen plc grew its holdings in shares of CMS Energy by 10.5% in the second quarter. Standard Life Aberdeen plc now owns 7,376,627 shares of the utilities provider’s stock worth $348,805,000 after purchasing an additional 698,313 shares during the last quarter. Franklin Resources Inc. grew its holdings in CMS Energy by 2.2% during the 1st quarter. Franklin Resources Inc. now owns 5,304,544 shares of the utilities provider’s stock worth $240,241,000 after acquiring an additional 114,480 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in CMS Energy by 1.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,450,413 shares of the utilities provider’s stock worth $210,417,000 after acquiring an additional 82,602 shares in the last quarter. 89.63% of the stock is currently owned by institutional investors and hedge funds.

CMS has been the topic of several recent research reports. KeyCorp increased their target price on shares of CMS Energy from $47.00 to $49.00 and gave the stock a “$47.86” rating in a report on Thursday, July 19th. Argus upgraded shares of CMS Energy from a “hold” rating to a “buy” rating in a report on Monday, September 10th. Zacks Investment Research upgraded shares of CMS Energy from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Friday. Barclays initiated coverage on shares of CMS Energy in a report on Wednesday, August 15th. They set an “equal weight” rating and a $51.00 target price on the stock. Finally, Morgan Stanley increased their target price on shares of CMS Energy from $45.00 to $49.00 and gave the stock an “equal weight” rating in a report on Monday, July 16th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. CMS Energy currently has an average rating of “Hold” and an average target price of $51.40.

Shares of NYSE:CMS traded down $0.36 during trading on Friday, reaching $48.85. The stock had a trading volume of 3,075,706 shares, compared to its average volume of 2,666,177. CMS Energy Co. has a one year low of $40.48 and a one year high of $51.36. The stock has a market capitalization of $13.88 billion, a P/E ratio of 22.51, a P/E/G ratio of 3.39 and a beta of 0.02. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.68 and a current ratio of 0.90.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, July 26th. The utilities provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. CMS Energy had a net margin of 8.13% and a return on equity of 15.14%. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the business earned $0.33 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. On average, research analysts forecast that CMS Energy Co. will post 2.34 EPS for the current year.

In related news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $48.77, for a total value of $48,770.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jon E. Barfield sold 2,861 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $48.45, for a total transaction of $138,615.45. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

About CMS Energy

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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