Janus Henderson Group PLC Buys 1,261,775 Shares of CMS Energy Corporation (CMS)

Janus Henderson Group PLC lifted its stake in shares of CMS Energy Corporation (NYSE:CMS) by 3,063.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,302,969 shares of the utilities provider’s stock after acquiring an additional 1,261,775 shares during the quarter. Janus Henderson Group PLC owned 0.46% of CMS Energy Corporation worth $60,263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of CMS Energy Corporation by 2.7% during the second quarter. Vanguard Group Inc. now owns 29,277,644 shares of the utilities provider’s stock worth $1,354,091,000 after acquiring an additional 764,989 shares during the period. BlackRock Inc. increased its position in shares of CMS Energy Corporation by 11.6% during the second quarter. BlackRock Inc. now owns 25,533,148 shares of the utilities provider’s stock worth $1,180,906,000 after acquiring an additional 2,653,503 shares during the period. JPMorgan Chase & Co. increased its position in shares of CMS Energy Corporation by 11.5% during the second quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock worth $961,152,000 after acquiring an additional 2,145,055 shares during the period. Geode Capital Management LLC increased its position in shares of CMS Energy Corporation by 10.3% during the first quarter. Geode Capital Management LLC now owns 2,749,657 shares of the utilities provider’s stock worth $122,844,000 after acquiring an additional 257,136 shares during the period. Finally, Eaton Vance Management increased its position in shares of CMS Energy Corporation by 339.0% during the second quarter. Eaton Vance Management now owns 2,534,240 shares of the utilities provider’s stock worth $117,209,000 after acquiring an additional 1,957,005 shares during the period. 87.37% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on CMS. Royal Bank Of Canada reaffirmed a “hold” rating and set a $46.00 price objective on shares of CMS Energy Corporation in a research report on Monday, September 11th. KeyCorp reaffirmed a “buy” rating and set a $51.00 price objective on shares of CMS Energy Corporation in a research report on Friday, September 1st. Morgan Stanley upped their price objective on CMS Energy Corporation from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Guggenheim began coverage on CMS Energy Corporation in a research report on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price objective on the stock. Finally, BidaskClub raised CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. CMS Energy Corporation has a consensus rating of “Buy” and a consensus price target of $48.56.

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In related news, insider Garrick J. Rochow sold 2,000 shares of CMS Energy Corporation stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $47.81, for a total transaction of $95,620.00. Following the sale, the insider now owns 64,307 shares of the company’s stock, valued at approximately $3,074,517.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jon E. Barfield sold 6,336 shares of CMS Energy Corporation stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total transaction of $296,588.16. The disclosure for this sale can be found here. Insiders have sold a total of 11,836 shares of company stock worth $561,118 in the last ninety days. 0.65% of the stock is currently owned by insiders.

CMS Energy Corporation (NYSE CMS) opened at 47.72 on Friday. The firm has a market cap of $13.44 billion, a P/E ratio of 24.10 and a beta of 0.15. The company’s 50 day moving average is $47.51 and its 200-day moving average is $46.65. CMS Energy Corporation has a 52 week low of $38.78 and a 52 week high of $49.11.

CMS Energy Corporation (NYSE:CMS) last released its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.08). CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the firm earned $0.45 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts expect that CMS Energy Corporation will post $2.17 earnings per share for the current year.

CMS Energy Corporation Company Profile

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.

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

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