Czech National Bank Has $5.07 Million Stock Position in CMS Energy Corporation $CMS

Key Points

• The Czech National Bank increased its stake in CMS Energy Corporation by 6.6% during Q2, bringing its total ownership to 73,116 shares valued at approximately $5.07 million.
• CMS Energy reported earnings of $0.71 per share for the last quarter, exceeding analysts' expectations of $0.67, and showed a 14.4% year-over-year revenue increase, reaching $1.84 billion.
• The company declared a quarterly dividend of $0.5425 per share, yielding approximately 3.1%, with a payout ratio of 64.20%.

Czech National Bank lifted its stake in CMS Energy Corporation (NYSE:CMS - Free Report) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,116 shares of the utilities provider's stock after acquiring an additional 4,505 shares during the period. Czech National Bank's holdings in CMS Energy were worth $5,065,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in CMS Energy by 16.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,554,877 shares of the utilities provider's stock valued at $1,243,438,000 after purchasing an additional 2,297,928 shares in the last quarter. Nuveen LLC acquired a new stake in shares of CMS Energy in the first quarter valued at $106,745,000. GAMMA Investing LLC boosted its stake in CMS Energy by 8,733.7% during the first quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider's stock valued at $76,110,000 after buying an additional 1,001,838 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in CMS Energy by 72.9% during the first quarter. Lord Abbett & CO. LLC now owns 2,302,338 shares of the utilities provider's stock worth $172,929,000 after acquiring an additional 970,510 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in CMS Energy by 29.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,407,152 shares of the utilities provider's stock worth $255,911,000 after acquiring an additional 783,077 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Stock Up 0.5%

Shares of CMS traded up $0.38 during trading hours on Monday, reaching $70.50. The company's stock had a trading volume of 1,964,272 shares, compared to its average volume of 1,889,433. The company has a 50 day moving average of $72.14 and a two-hundred day moving average of $71.67. 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 $21.10 billion, a price-to-earnings ratio of 20.86, a P/E/G 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 announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. The business 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%.CMS Energy's quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, research analysts predict that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were given a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a yield of 3.1%. CMS Energy's dividend payout ratio is presently 64.20%.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of research analyst reports. Barclays upped their price target on shares of CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a report 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 cut shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of CMS Energy in a report on Thursday, August 21st. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.25.

Insider Activity at CMS Energy

In other news, SVP Lauren Y. Snyder sold 2,220 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $71.26, for a total value of $158,197.20. Following the completion of the sale, the senior vice president directly owned 13,512 shares in the company, valued at approximately $962,865.12. The trade was a 14.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction dated Friday, August 8th. The shares were 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 disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

CMS Energy 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.