CMS Energy Corporation (CMS) Position Lowered by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its stake in CMS Energy Corporation (NYSE:CMS) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 319,638 shares of the utilities provider’s stock after selling 10,918 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.11% of CMS Energy Corporation worth $14,784,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Friedberg Investment Management grew its position in shares of CMS Energy Corporation by 60.4% in the 2nd quarter. Friedberg Investment Management now owns 36,230 shares of the utilities provider’s stock valued at $1,676,000 after buying an additional 13,640 shares during the last quarter. Gyroscope Capital Management Group LLC grew its position in shares of CMS Energy Corporation by 20.3% in the 2nd quarter. Gyroscope Capital Management Group LLC now owns 6,365 shares of the utilities provider’s stock valued at $294,000 after buying an additional 1,074 shares during the last quarter. Dana Investment Advisors Inc. grew its position in shares of CMS Energy Corporation by 5.4% in the 2nd quarter. Dana Investment Advisors Inc. now owns 4,849 shares of the utilities provider’s stock valued at $224,000 after buying an additional 249 shares during the last quarter. Gotham Asset Management LLC purchased a new position in shares of CMS Energy Corporation in the 2nd quarter valued at $1,208,000. Finally, Cornerstone Capital Management Holdings LLC. grew its position in shares of CMS Energy Corporation by 87.2% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 229,261 shares of the utilities provider’s stock valued at $10,602,000 after buying an additional 106,807 shares during the last quarter. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CMS Energy Corporation (NYSE CMS) opened at 47.81 on Thursday. The firm has a market cap of $13.46 billion, a PE ratio of 24.15 and a beta of 0.15. CMS Energy Corporation has a 52 week low of $38.78 and a 52 week high of $49.11. The company’s 50-day moving average is $47.40 and its 200-day moving average is $46.74.

CMS Energy Corporation (NYSE:CMS) last released its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.08). The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.36 billion. CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 EPS. Analysts forecast that CMS Energy Corporation will post $2.17 EPS for the current fiscal year.

WARNING: This report was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/19/cms-energy-corporation-cms-position-lowered-by-the-manufacturers-life-insurance-company.html.

In other news, Director Jon E. Barfield sold 6,336 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $46.81, for a total transaction of $296,588.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Brian F. Rich sold 3,500 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $48.26, for a total transaction of $168,910.00. Following the transaction, the senior vice president now owns 44,835 shares of the company’s stock, valued at approximately $2,163,737.10. The disclosure for this sale can be found here. Insiders have sold 11,836 shares of company stock valued at $561,118 in the last 90 days. Insiders own 0.65% of the company’s stock.

A number of research analysts recently commented on CMS shares. BidaskClub downgraded shares of CMS Energy Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. KeyCorp reiterated a “buy” rating and set a $51.00 price target on shares of CMS Energy Corporation in a research note on Friday, September 1st. Morgan Stanley increased their price target on shares of CMS Energy Corporation from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Guggenheim initiated coverage on shares of CMS Energy Corporation in a research note on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price target for the company. Finally,

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Friedberg Investment Management grew its position in shares of CMS Energy Corporation by 60.4% in the 2nd quarter. Friedberg Investment Management now owns 36,230 shares of the utilities provider’s stock valued at $1,676,000 after buying an additional 13,640 shares during the last quarter. Gyroscope Capital Management Group LLC grew its position in shares of CMS Energy Corporation by 20.3% in the 2nd quarter. Gyroscope Capital Management Group LLC now owns 6,365 shares of the utilities provider’s stock valued at $294,000 after buying an additional 1,074 shares during the last quarter. Dana Investment Advisors Inc. grew its position in shares of CMS Energy Corporation by 5.4% in the 2nd quarter. Dana Investment Advisors Inc. now owns 4,849 shares of the utilities provider’s stock valued at $224,000 after buying an additional 249 shares during the last quarter. Gotham Asset Management LLC purchased a new position in shares of CMS Energy Corporation in the 2nd quarter valued at $1,208,000. Finally, Cornerstone Capital Management Holdings LLC. grew its position in shares of CMS Energy Corporation by 87.2% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 229,261 shares of the utilities provider’s stock valued at $10,602,000 after buying an additional 106,807 shares during the last quarter. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CMS Energy Corporation (NYSE CMS) opened at 47.81 on Thursday. The firm has a market cap of $13.46 billion, a PE ratio of 24.15 and a beta of 0.15. CMS Energy Corporation has a 52 week low of $38.78 and a 52 week high of $49.11. The company’s 50-day moving average is $47.40 and its 200-day moving average is $46.74.

CMS Energy Corporation (NYSE:CMS) last released its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.08). The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.36 billion. CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 EPS. Analysts forecast that CMS Energy Corporation will post $2.17 EPS for the current fiscal year.

WARNING: This report was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/19/cms-energy-corporation-cms-position-lowered-by-the-manufacturers-life-insurance-company.html.

In other news, Director Jon E. Barfield sold 6,336 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $46.81, for a total transaction of $296,588.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Brian F. Rich sold 3,500 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $48.26, for a total transaction of $168,910.00. Following the transaction, the senior vice president now owns 44,835 shares of the company’s stock, valued at approximately $2,163,737.10. The disclosure for this sale can be found here. Insiders have sold 11,836 shares of company stock valued at $561,118 in the last 90 days. Insiders own 0.65% of the company’s stock.

A number of research analysts recently commented on CMS shares. BidaskClub downgraded shares of CMS Energy Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. KeyCorp reiterated a “buy” rating and set a $51.00 price target on shares of CMS Energy Corporation in a research note on Friday, September 1st. Morgan Stanley increased their price target on shares of CMS Energy Corporation from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Guggenheim initiated coverage on shares of CMS Energy Corporation in a research note on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price target for the company. Finally, Zacks Investment Research cut shares of CMS Energy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.56.

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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