CMS Energy Corporation $CMS Shares Purchased by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd increased its stake in CMS Energy Corporation by 5.8% in Q2, owning 66,348 shares worth approximately $4.6 million according to its latest 13F filing.
• CMS Energy reported a Q2 EPS of $0.71, surpassing analyst expectations of $0.67, and noted a year-over-year revenue increase of 14.4% to $1.84 billion.
• The company announced a quarterly dividend of $0.5425, representing an annualized yield of 3.1%, with a payout ratio of 64.20%.

IFM Investors Pty Ltd grew its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 66,348 shares of the utilities provider's stock after purchasing an additional 3,625 shares during the quarter. IFM Investors Pty Ltd's holdings in CMS Energy were worth $4,597,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of CMS Energy by 0.4% during the first quarter. Vanguard Group Inc. now owns 38,341,416 shares of the utilities provider's stock worth $2,879,824,000 after acquiring an additional 166,328 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of 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 worth $1,243,438,000 after buying an additional 2,297,928 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of CMS Energy by 20.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,483,585 shares of the utilities provider's stock worth $336,762,000 after acquiring an additional 753,173 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in CMS Energy by 29.8% in the 1st 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 valued at $255,911,000 after buying an additional 783,077 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of CMS Energy by 1.3% during the 1st quarter. Northern Trust Corp now owns 3,026,335 shares of the utilities provider's stock worth $227,308,000 after purchasing an additional 39,846 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMS has been the topic of a number of analyst reports. Morgan Stanley reiterated an "outperform" rating on shares of CMS Energy in a research note on Thursday, August 21st. Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Barclays increased their price objective on CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, CMS Energy currently has an average rating of "Moderate Buy" and a consensus price target of $77.25.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction on Friday, August 8th. The shares were 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Lauren Y. Snyder sold 2,220 shares of the company's stock in a transaction dated Friday, September 5th. The stock was 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 $962,865.12. The trade was a 14.11% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

CMS Energy Trading Up 0.5%

NYSE:CMS traded up $0.38 during trading hours on Monday, hitting $70.50. The company had a trading volume of 1,964,272 shares, compared to its average volume of 1,889,433. The company has a market cap of $21.10 billion, a P/E 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 company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The company has a 50-day moving average of $72.14 and a 200 day moving average of $71.67.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The company's quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Sell-side analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were given a $0.5425 dividend. The ex-dividend date was Friday, August 8th. This represents a $2.17 annualized dividend and a dividend yield of 3.1%. 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.