CMS Energy Corporation $CMS Shares Acquired by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its stake in CMS Energy Corporation by 20.2% in Q1, now owning 4.48 million shares valued at approximately $336.76 million.
• CMS Energy reported a better-than-expected earnings per share of $0.71 for the last quarter, exceeding analysts' estimates of $0.67, with a revenue of $1.84 billion.
• The company declared a quarterly dividend of $0.5425 per share, which represents a yield of 3.1%, and the payout ratio is currently 64.20%.

Goldman Sachs Group Inc. grew its stake in CMS Energy Corporation (NYSE:CMS - Free Report) by 20.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,483,585 shares of the utilities provider's stock after purchasing an additional 753,173 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.50% of CMS Energy worth $336,762,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Parallax Volatility Advisers L.P. acquired a new stake in shares of CMS Energy in the 1st quarter valued at about $211,000. PharVision Advisers LLC acquired a new position in shares of CMS Energy in the 1st quarter valued at about $206,000. New England Asset Management Inc. boosted its holdings in shares of CMS Energy by 0.6% in the 1st quarter. New England Asset Management Inc. now owns 82,530 shares of the utilities provider's stock valued at $6,199,000 after buying an additional 515 shares during the period. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of CMS Energy by 1.2% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 38,711 shares of the utilities provider's stock valued at $2,908,000 after buying an additional 445 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of CMS Energy by 10.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider's stock valued at $2,602,000 after buying an additional 3,367 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Buying and Selling

In other news, SVP Lauren Y. Snyder sold 2,220 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $962,865.12. This represents a 14.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company'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 sale, the senior vice president directly owned 68,036 shares of the company's stock, valued at approximately $5,008,810.32. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on CMS shares. Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Barclays lifted 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. 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $77.25.

CMS Energy Price Performance

Shares of NYSE:CMS traded down $0.03 during trading on Friday, reaching $71.65. The company had a trading volume of 1,911,124 shares, compared to its average volume of 1,833,979. The firm's fifty day moving average is $72.09 and its 200 day moving average is $71.79. The firm has a market capitalization of $21.45 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.66 and a beta of 0.39. CMS Energy Corporation has a twelve month low of $63.97 and a twelve month high of $76.45. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates 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 business's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS. 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 year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, August 8th. CMS Energy's dividend payout ratio is currently 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.