Resona Asset Management Co. Ltd. Grows Position in CMS Energy Corporation $CMS

Key Points

• Resona Asset Management Co. Ltd. increased its stake in CMS Energy Corporation by 5.2%, holding a total of 108,884 shares valued at approximately $8.16 million.
• CMS Energy announced a quarterly dividend of $0.5425 per share with a dividend yield of 3.0%, scheduled to be paid on August 29th.
• Recent earnings report showed CMS Energy surpassed analysts' expectations with $0.71 EPS and revenue of $1.84 billion, reflecting a year-over-year revenue increase of 14.4%.

Resona Asset Management Co. Ltd. lifted its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 5.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 108,884 shares of the utilities provider's stock after acquiring an additional 5,391 shares during the period. Resona Asset Management Co. Ltd.'s holdings in CMS Energy were worth $8,164,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Optiver Holding B.V. raised its holdings in shares of CMS Energy by 39.2% during the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after acquiring an additional 229 shares in the last quarter. Bernard Wealth Management Corp. purchased a new stake in shares of CMS Energy in the 1st quarter worth about $72,000. Quarry LP lifted its position in shares of CMS Energy by 36.5% in the 4th quarter. Quarry LP now owns 1,118 shares of the utilities provider's stock worth $75,000 after purchasing an additional 299 shares during the period. NBC Securities Inc. bought a new stake in shares of CMS Energy during the 1st quarter valued at about $75,000. Finally, TD Waterhouse Canada Inc. increased its position in shares of CMS Energy by 46.1% during 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. Institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

CMS has been the topic of a number of analyst reports. Evercore ISI boosted their price target on CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research report on Monday, April 28th. Morgan Stanley set a $71.00 target price on CMS Energy and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Wall Street Zen lowered CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Scotiabank reissued an "outperform" rating and set a $81.00 price objective (up from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Finally, Jefferies Financial Group lifted their target price on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, CMS Energy presently has an average rating of "Moderate Buy" and a consensus target price of $77.25.

Insiders Place Their Bets

In other 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 completion of the sale, the senior vice president directly owned 68,036 shares of the company's stock, valued at $5,008,810.32. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is owned by corporate insiders.

CMS Energy Stock Performance

Shares of CMS Energy stock traded up $0.5320 on Tuesday, hitting $72.5620. 636,779 shares of the company's stock were exchanged, compared to its average volume of 2,471,597. CMS Energy Corporation has a 1 year low of $63.97 and a 1 year high of $76.45. The company has a 50-day simple moving average of $71.26 and a 200-day simple moving average of $71.50. 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 stock has a market capitalization of $21.72 billion, a PE ratio of 21.45, a PEG ratio of 2.69 and a beta of 0.36.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly 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 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 revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, equities analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders 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 yield of 3.0%. CMS Energy's dividend payout ratio (DPR) is presently 64.20%.

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.