Miller Howard Investments Inc. NY Grows Position in CMS Energy Corporation $CMS

Key Points

• Miller Howard Investments Inc. NY increased its stake in CMS Energy Corporation by 0.7%, now owning approximately 571,340 shares valued at $39.58 million.
• CMS Energy recently declared a quarterly dividend of $0.5425 per share, resulting in an annualized dividend of $2.17 and a yield of 3.1%.
• Analyst ratings for CMS Energy show a consensus of "Moderate Buy" with eight analysts recommending a Buy and a target price of $77.25.

Miller Howard Investments Inc. NY raised its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 571,340 shares of the utilities provider's stock after acquiring an additional 4,154 shares during the period. Miller Howard Investments Inc. NY owned about 0.19% of CMS Energy worth $39,582,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CMS. IFM Investors Pty Ltd lifted its position in shares of CMS Energy by 5.8% during the 2nd quarter. IFM Investors Pty Ltd now owns 66,348 shares of the utilities provider's stock valued at $4,597,000 after buying an additional 3,625 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of CMS Energy in the 2nd quarter valued at approximately $281,000. Moody National Bank Trust Division lifted its stake in shares of CMS Energy by 1.7% in the 2nd quarter. Moody National Bank Trust Division now owns 12,654 shares of the utilities provider's stock valued at $877,000 after purchasing an additional 210 shares during the period. Contravisory Investment Management Inc. raised its stake in CMS Energy by 7.8% during the second quarter. Contravisory Investment Management Inc. now owns 130,819 shares of the utilities provider's stock valued at $9,063,000 after buying an additional 9,420 shares during the last quarter. Finally, Fulton Bank N.A. raised its stake in CMS Energy by 3.7% during the second quarter. Fulton Bank N.A. now owns 5,476 shares of the utilities provider's stock valued at $379,000 after buying an additional 196 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CMS shares. Morgan Stanley reissued an "outperform" rating on shares of CMS Energy in a report on Thursday, August 21st. Wolfe Research reiterated a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Barclays raised 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, Wall Street Zen cut CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $77.25.

CMS Energy Stock Performance

Shares of NYSE:CMS traded up $0.41 during trading hours on Tuesday, hitting $70.85. The stock had a trading volume of 333,608 shares, compared to its average volume of 2,418,137. The stock's fifty day simple moving average is $72.14 and its 200 day simple moving average is $71.67. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. The firm has a market capitalization of $21.21 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 2.61 and a beta of 0.39. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last issued 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. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same period last year, the firm posted $0.66 earnings per share. The firm's revenue for the quarter 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. Sell-side 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 announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were given a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, August 8th. CMS Energy's payout ratio is 64.20%.

Insider Activity

In other CMS Energy news, SVP Lauren Y. Snyder sold 2,220 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $71.26, for a total transaction of $158,197.20. Following the sale, the senior vice president directly owned 13,512 shares of the company's stock, valued at approximately $962,865.12. This represents a 14.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the senior vice president directly owned 68,036 shares in the company, valued at approximately $5,008,810.32. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

About CMS Energy

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.