CMS Energy Corporation $CMS Stock Holdings Lessened by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. has reduced its stake in CMS Energy Corporation by 7.6%, now owning approximately 0.06% of the company valued at $12.24 million.
• CMS Energy reported a Q2 earnings per share (EPS) of $0.71, exceeding analysts' expectations of $0.67, with a revenue of $1.84 billion, reflecting a year-over-year increase of 14.4%.
• The company recently announced a quarterly dividend of $0.5425, representing a yield of 3.1% and a payout ratio of 64.20% based on current earnings.

Assenagon Asset Management S.A. lowered its stake in CMS Energy Corporation (NYSE:CMS - Free Report) by 7.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 176,639 shares of the utilities provider's stock after selling 14,445 shares during the period. Assenagon Asset Management S.A. owned approximately 0.06% of CMS Energy worth $12,238,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CMS. AlphaQuest LLC increased its holdings in shares of CMS Energy by 285.5% in the first quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock valued at $34,000 after buying an additional 334 shares in the last quarter. WPG Advisers LLC purchased a new position in CMS Energy during the 1st quarter worth approximately $47,000. Bernard Wealth Management Corp. purchased a new position in CMS Energy during the 1st quarter worth approximately $72,000. NBC Securities Inc. purchased a new position in CMS Energy during the 1st quarter worth approximately $75,000. Finally, Grove Bank & Trust grew its position in CMS Energy by 167.3% during the 1st quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider's stock worth $81,000 after purchasing an additional 671 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

Shares of CMS Energy stock opened at $70.50 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The stock has a market capitalization 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. The firm's 50-day moving average price is $72.14 and its two-hundred day moving average price is $71.67.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) 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 company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the business earned $0.66 earnings per share. CMS Energy'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. On average, equities analysts predict 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. Investors of record on Friday, August 8th were issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, August 8th. CMS Energy's dividend payout ratio is currently 64.20%.

Analyst Ratings Changes

Several research firms have weighed in on CMS. Wall Street Zen cut shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Barclays lifted their price objective on shares of CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Wolfe Research restated a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Finally, Morgan Stanley restated 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 issued a Hold rating to the stock. According to data from MarketBeat.com, CMS Energy currently has an average rating of "Moderate Buy" and a consensus target price of $77.25.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $73.62, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Lauren Y. Snyder sold 2,220 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $71.26, for a total transaction of $158,197.20. Following the completion of the sale, the senior vice president owned 13,512 shares in the company, valued at approximately $962,865.12. This trade represents a 14.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.

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