B. Metzler seel. Sohn & Co. AG raised its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 118.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,862 shares of the utilities provider's stock after buying an additional 60,756 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in CMS Energy were worth $8,402,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky raised its stake in shares of CMS Energy by 4.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,064 shares of the utilities provider's stock worth $1,732,000 after purchasing an additional 893 shares during the last quarter. Private Trust Co. NA raised its stake in shares of CMS Energy by 14.4% in the first quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider's stock worth $110,000 after purchasing an additional 185 shares during the last quarter. Vontobel Holding Ltd. raised its stake in shares of CMS Energy by 9.4% in the first quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider's stock worth $350,000 after purchasing an additional 400 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of CMS Energy by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider's stock worth $2,629,000 after purchasing an additional 950 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in shares of CMS Energy by 32.6% in the first quarter. Cerity Partners LLC now owns 34,681 shares of the utilities provider's stock worth $2,605,000 after purchasing an additional 8,536 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.
CMS Energy Stock Performance
NYSE:CMS traded up $0.34 during mid-day trading on Monday, hitting $71.55. 1,487,179 shares of the company traded hands, compared to its average volume of 2,210,735. The stock's fifty day moving average price is $71.75 and its 200-day moving average price is $71.76. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93. The firm has a market cap of $21.42 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 2.66 and a beta of 0.39.
CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The business's quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Research analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.
CMS Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were paid 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 dividend payout ratio is 64.20%.
Wall Street Analysts Forecast Growth
CMS has been the subject of several research analyst reports. Wall Street Zen lowered CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Morgan Stanley reaffirmed an "outperform" rating on shares of CMS Energy in a report on Thursday, August 21st. Barclays lifted their price objective on CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, CMS Energy presently has a consensus rating of "Moderate Buy" and an average target price of $77.25.
Read Our Latest Stock Analysis on CMS Energy
Insider Buying and Selling at CMS Energy
In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the company'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 transaction, the senior vice president owned 68,036 shares of the company's stock, valued at $5,008,810.32. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by company insiders.
About CMS Energy
(
Free Report)
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.
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