CMS Energy (NYSE:CMS) SVP Sells $158,197.20 in Stock

Key Points

• SVP Lauren Snyder sold 2,220 shares of CMS Energy stock for approximately $158,197, representing a 14.11% decrease in her holdings.
• CMS Energy reported $0.71 EPS in its recent earnings, exceeding estimates, with revenue up 14.4% year-over-year, and set a FY 2025 EPS guidance of 3.540-3.600.
• The company recently announced a quarterly dividend of $0.5425 per share, translating to a dividend yield of 3.1% and a payout ratio of 64.20%.

CMS Energy Corporation (NYSE:CMS - Get Free Report) SVP Lauren Y. Snyder sold 2,220 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $71.26, for a total value of $158,197.20. Following the transaction, the senior vice president owned 13,512 shares in the company, valued at $962,865.12. This trade represents a 14.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CMS Energy Stock Down 0.0%

Shares of CMS stock traded down $0.03 during midday trading on Friday, reaching $71.65. 1,911,124 shares of the stock were exchanged, compared to its average volume of 1,833,979. CMS Energy Corporation has a 1 year low of $63.97 and a 1 year high of $76.45. The company's 50 day moving average is $72.09 and its two-hundred day moving average is $71.78. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The firm has a market cap of $21.45 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.66 and a beta of 0.39.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The business's revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, equities research analysts predict that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were paid a $0.5425 dividend. The ex-dividend date was Friday, August 8th. This represents a $2.17 annualized dividend and a dividend yield of 3.0%. CMS Energy's dividend payout ratio is presently 64.20%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley restated an "outperform" rating on shares of CMS Energy in a research note on Thursday, August 21st. Wall Street Zen downgraded CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Wolfe Research restated a "peer perform" rating on shares of CMS Energy in a research note on Monday, July 7th. Finally, Barclays upped their price objective on CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $77.25.

Hedge Funds Weigh In On CMS Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMS. Vanguard Group Inc. lifted its holdings in shares of CMS Energy by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 39,044,129 shares of the utilities provider's stock valued at $2,704,977,000 after buying an additional 702,713 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of CMS Energy by 16.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,554,877 shares of the utilities provider's stock valued at $1,243,438,000 after buying an additional 2,297,928 shares during the period. Geode Capital Management LLC lifted its holdings in shares of CMS Energy by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 8,020,765 shares of the utilities provider's stock valued at $553,440,000 after buying an additional 130,059 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of CMS Energy by 20.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,483,585 shares of the utilities provider's stock valued at $336,762,000 after buying an additional 753,173 shares during the period. Finally, Norges Bank bought a new position in shares of CMS Energy during the 2nd quarter valued at $238,951,000. 93.57% of the stock is owned by institutional investors.

CMS Energy Company Profile

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