T. Rowe Price Investment Management Inc. Acquires 73,039 Shares of CMS Energy Corporation $CMS

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in CMS Energy Corporation by 34.3% during Q1, acquiring a total of 286,008 shares valued at approximately $21.48 million.
• CMS Energy recently reported a quarterly earnings per share (EPS) of $0.71, exceeding estimates, with revenue increasing 14.4% year-over-year to $1.84 billion.
• The company declared a quarterly dividend of $0.5425 per share, yielding 3.0%, with the ex-dividend date set on August 8th.

T. Rowe Price Investment Management Inc. increased its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 34.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 286,008 shares of the utilities provider's stock after purchasing an additional 73,039 shares during the quarter. T. Rowe Price Investment Management Inc. owned 0.10% of CMS Energy worth $21,483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CMS. Dimensional Fund Advisors LP lifted its position in CMS Energy by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,367,975 shares of the utilities provider's stock worth $91,175,000 after purchasing an additional 54,054 shares during the period. TD Waterhouse Canada Inc. increased its stake in shares of CMS Energy by 46.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,191 shares of the utilities provider's stock valued at $79,000 after buying an additional 376 shares during the period. Susquehanna International Group LLP increased its stake in shares of CMS Energy by 24.7% in the fourth quarter. Susquehanna International Group LLP now owns 172,364 shares of the utilities provider's stock valued at $11,488,000 after buying an additional 34,114 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in CMS Energy by 7.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 36,496 shares of the utilities provider's stock valued at $2,432,000 after purchasing an additional 2,596 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its position in CMS Energy by 4,154.9% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 279,161 shares of the utilities provider's stock valued at $18,606,000 after purchasing an additional 272,600 shares during the period. Institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

CMS has been the topic of a number of research analyst reports. Barclays increased their price target on CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Morgan Stanley reaffirmed an "outperform" rating on shares of CMS Energy in a research report on Thursday, August 21st. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. 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, CMS Energy has a consensus rating of "Moderate Buy" and an average target price of $77.25.

CMS Energy Stock Performance

NYSE:CMS traded up $0.46 during mid-day trading on Friday, reaching $71.67. The company's stock had a trading volume of 323,592 shares, compared to its average volume of 2,453,895. The firm's fifty day moving average price is $71.70 and its two-hundred day moving average price is $71.71. 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 cap of $21.45 billion, a P/E ratio of 21.20, a PEG ratio of 2.68 and a beta of 0.36. CMS Energy Corporation has a 12-month low of $63.97 and a 12-month high of $76.45.

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, beating the consensus estimate of $0.67 by $0.04. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The firm's quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, equities analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be paid a dividend of $0.5425 per share. The ex-dividend date is Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.0%. CMS Energy's payout ratio is 64.20%.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $73.62, for a total transaction of $147,240.00. Following the completion of the transaction, the senior vice president directly owned 68,036 shares in the company, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.40% 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.