American Century Companies Inc. Has $6.43 Million Stock Holdings in CMS Energy Corporation $CMS

Key Points

• American Century Companies Inc. increased its stake in CMS Energy Corporation by 7.7%, owning 85,572 shares valued at approximately $6.43 million as of its latest SEC filing.
• CMS Energy recently reported a quarterly earnings per share (EPS) of $0.71, exceeding expectations, and has set FY 2025 guidance at 3.540-3.600 EPS.
• The company declared a quarterly dividend of $0.5425, with a current dividend yield of 3.0% and a payout ratio of 64.20%.

American Century Companies Inc. lifted its position in CMS Energy Corporation (NYSE:CMS - Free Report) by 7.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 85,572 shares of the utilities provider's stock after buying an additional 6,133 shares during the period. American Century Companies Inc.'s holdings in CMS Energy were worth $6,427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMS. Bernard Wealth Management Corp. bought a new stake in shares of CMS Energy in the 1st quarter worth $72,000. Quarry LP raised its stake in shares of CMS Energy by 36.5% in the 4th quarter. Quarry LP now owns 1,118 shares of the utilities provider's stock worth $75,000 after buying an additional 299 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of CMS Energy in the 1st quarter worth $75,000. Grove Bank & Trust grew its holdings in shares of CMS Energy by 167.3% in the 1st quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider's stock worth $81,000 after acquiring an additional 671 shares during the last quarter. Finally, TD Private Client Wealth LLC acquired a new position in shares of CMS Energy in the 1st quarter worth $82,000. Institutional investors own 93.57% of the company's stock.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $73.62, for a total value of $147,240.00. Following the completion of the sale, the senior vice president owned 68,036 shares of the company's stock, valued at $5,008,810.32. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wall Street Zen downgraded CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Wolfe Research reiterated a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Morgan Stanley reiterated an "outperform" rating on shares of CMS Energy in a report on Thursday, August 21st. Finally, Barclays lifted their price target on CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $77.25.

CMS Energy Stock Up 0.4%

NYSE CMS traded up $0.29 on Wednesday, reaching $71.45. The stock had a trading volume of 1,936,770 shares, compared to its average volume of 2,087,368. The business has a 50 day moving average price of $71.87 and a 200 day moving average price of $71.77. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. CMS Energy Corporation has a 1 year low of $63.97 and a 1 year high of $76.45. The company has a market capitalization of $21.39 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 2.66 and a beta of 0.39.

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

CMS Energy Announces Dividend

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

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.