MetLife Investment Management LLC lifted its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 57.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 124,678 shares of the utilities provider's stock after acquiring an additional 45,621 shares during the period. MetLife Investment Management LLC's holdings in CMS Energy were worth $9,365,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky boosted its stake in shares of CMS Energy by 4.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,064 shares of the utilities provider's stock valued at $1,732,000 after acquiring an additional 893 shares during the last quarter. Private Trust Co. NA boosted its stake in CMS Energy by 14.4% in the 1st quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider's stock worth $110,000 after buying an additional 185 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in CMS Energy by 9.4% in the 1st quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider's stock worth $350,000 after buying an additional 400 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in CMS Energy by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider's stock worth $2,629,000 after buying an additional 950 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in CMS Energy by 32.6% in the 1st quarter. Cerity Partners LLC now owns 34,681 shares of the utilities provider's stock worth $2,605,000 after buying an additional 8,536 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on CMS. Barclays raised their price target on CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a research note on Monday, July 7th. Wall Street Zen lowered CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Morgan Stanley reissued an "outperform" rating on shares of CMS Energy in a research note on Thursday, August 21st. Finally, BMO Capital Markets raised their price target on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, CMS Energy has a consensus rating of "Moderate Buy" and an average target price of $77.25.
Check Out Our Latest Research Report on CMS
CMS Energy Stock Performance
NYSE CMS opened at $72.14 on Wednesday. The firm has a market capitalization of $21.59 billion, a P/E ratio of 21.34, a P/E/G ratio of 2.68 and a beta of 0.36. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. The business's 50-day simple moving average is $71.58 and its 200-day simple moving average is $71.69.
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, beating the consensus estimate of $0.67 by $0.04. The business had revenue of $1.84 billion for 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 company's revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Equities analysts predict that CMS Energy Corporation will post 3.59 EPS for the current year.
CMS Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, August 8th. CMS Energy's dividend payout ratio (DPR) is presently 64.20%.
Insider Activity at CMS Energy
In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $73.62, for a total transaction of $147,240.00. Following the sale, the senior vice president directly owned 68,036 shares in the company, valued at approximately $5,008,810.32. This trade represents a 2.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.49% of the company's stock.
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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