Martingale Asset Management L P Buys 49,811 Shares of CMS Energy Corporation $CMS

Key Points

• Martingale Asset Management L P increased its holdings in CMS Energy Corporation by 1,210.8% in Q1, acquiring 49,811 additional shares, bringing its total to 53,925 shares valued at roughly $4.05 million.
• Investment analysts have set a target price range for CMS Energy, with a consensus estimate of $77.25; prominent analysts rate it as a "Moderate Buy".
• CMS Energy also announced a quarterly dividend of $0.5425, yielding approximately 3.0%, with an ex-dividend date set for August 8.

Martingale Asset Management L P boosted its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 1,210.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 53,925 shares of the utilities provider's stock after buying an additional 49,811 shares during the period. Martingale Asset Management L P's holdings in CMS Energy were worth $4,050,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of CMS Energy by 32.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock valued at $950,227,000 after purchasing an additional 3,486,074 shares in the last quarter. Nuveen LLC acquired a new stake in CMS Energy in the 1st quarter valued at approximately $106,745,000. Zimmer Partners LP bought a new stake in CMS Energy in the 4th quarter valued at approximately $89,173,000. GAMMA Investing LLC boosted its position in CMS Energy by 8,733.7% during the 1st quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider's stock worth $76,110,000 after acquiring an additional 1,001,838 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in shares of CMS Energy by 72.9% during the 1st quarter. Lord Abbett & CO. LLC now owns 2,302,338 shares of the utilities provider's stock worth $172,929,000 after acquiring an additional 970,510 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy 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 trade represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.49% of the company's stock.

Analyst Upgrades and Downgrades

CMS has been the topic of a number of research reports. Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Barclays boosted their price target 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. Morgan Stanley set a $71.00 price objective on CMS Energy and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Finally, BMO Capital Markets boosted their price target on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $77.25.

CMS Energy Stock Performance

Shares of CMS stock traded up $0.3130 during trading on Friday, reaching $73.0930. 1,807,168 shares of the company's stock were exchanged, compared to its average volume of 2,458,383. CMS Energy Corporation has a twelve month low of $63.97 and a twelve month high of $76.45. The firm's fifty day moving average price is $71.47 and its 200-day moving average price is $71.67. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $21.88 billion, a PE ratio of 21.63, a PEG ratio of 2.72 and a beta of 0.36.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 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 net margin of 12.76% and a return on equity of 12.07%. The company's quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, sell-side 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. Stockholders of record on Friday, August 8th will be given a $0.5425 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.17 annualized dividend and a dividend yield of 3.0%. CMS Energy's dividend payout ratio is presently 64.20%.

CMS Energy Company 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.