AQR Capital Management LLC Has $36.79 Million Position in CMS Energy Corporation $CMS

AQR Capital Management LLC lifted its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 58.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 490,311 shares of the utilities provider's stock after purchasing an additional 180,348 shares during the period. AQR Capital Management LLC owned 0.16% of CMS Energy worth $36,793,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Sigma Planning Corp grew its holdings in shares of CMS Energy by 0.4% during the first quarter. Sigma Planning Corp now owns 32,045 shares of the utilities provider's stock worth $2,407,000 after purchasing an additional 142 shares during the last quarter. Sage Mountain Advisors LLC grew its holdings in shares of CMS Energy by 4.5% during the first quarter. Sage Mountain Advisors LLC now owns 3,360 shares of the utilities provider's stock worth $252,000 after purchasing an additional 144 shares during the last quarter. Sumitomo Life Insurance Co. boosted its holdings in CMS Energy by 1.3% in the first quarter. Sumitomo Life Insurance Co. now owns 11,233 shares of the utilities provider's stock valued at $844,000 after acquiring an additional 146 shares during the last quarter. Spire Wealth Management boosted its holdings in CMS Energy by 6.4% in the first quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider's stock valued at $191,000 after acquiring an additional 154 shares during the last quarter. Finally, Nicholson Wealth Management Group LLC boosted its holdings in CMS Energy by 0.8% in the first quarter. Nicholson Wealth Management Group LLC now owns 23,337 shares of the utilities provider's stock valued at $1,753,000 after acquiring an additional 174 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Analyst Ratings Changes

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

CMS Energy Trading Down 0.3%

NYSE:CMS traded down $0.22 during mid-day trading on Friday, hitting $71.45. The company had a trading volume of 407,480 shares, compared to its average volume of 2,413,623. CMS Energy Corporation has a fifty-two week low of $63.97 and a fifty-two week high of $76.45. The business's fifty day moving average is $72.07 and its two-hundred day moving average is $71.80. 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 cap of $21.39 billion, a P/E ratio of 21.15, a P/E/G ratio of 2.65 and a beta of 0.39.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results 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. 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 analyst estimates of $1.68 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The company's quarterly revenue was up 14.4% on a year-over-year basis. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, research analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders 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 annualized dividend and a yield of 3.0%. CMS Energy's dividend payout ratio is presently 64.20%.

Insider Activity

In other 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 owned 68,036 shares of the company's stock, valued at $5,008,810.32. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Lauren Y. Snyder sold 2,220 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $71.26, for a total value of $158,197.20. Following the sale, the senior vice president directly owned 13,512 shares in the company, valued at approximately $962,865.12. This represents a 14.11% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

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.