Mather Group LLC. Acquires 4,160 Shares of CMS Energy Corporation $CMS

Key Points

• Mather Group LLC. increased its stake in CMS Energy Corporation by 53.6%, acquiring an additional 4,160 shares, bringing their total to 11,922 shares valued at approximately $826,000.
• Several large investors, including Sigma Planning Corp and Sage Mountain Advisors LLC, have also adjusted their holdings in CMS Energy, indicating strong institutional interest with 93.57% of the stock owned by such investors.
• CMS Energy has announced a quarterly dividend of $0.5425 per share, resulting in an annualized yield of 3.1%, with a payout ratio of 64.20%.

Mather Group LLC. increased its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 53.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,922 shares of the utilities provider's stock after acquiring an additional 4,160 shares during the period. Mather Group LLC.'s holdings in CMS Energy were worth $826,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Sigma Planning Corp raised its holdings in CMS Energy by 0.4% in the first quarter. Sigma Planning Corp now owns 32,045 shares of the utilities provider's stock worth $2,407,000 after buying an additional 142 shares during the last quarter. Sage Mountain Advisors LLC raised its holdings in CMS Energy by 4.5% in the first quarter. Sage Mountain Advisors LLC now owns 3,360 shares of the utilities provider's stock worth $252,000 after buying an additional 144 shares during the last quarter. Sumitomo Life Insurance Co. raised its holdings in CMS Energy by 1.3% in the first quarter. Sumitomo Life Insurance Co. now owns 11,233 shares of the utilities provider's stock worth $844,000 after buying an additional 146 shares during the last quarter. Spire Wealth Management raised its holdings in CMS Energy by 6.4% in the first quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider's stock worth $191,000 after buying an additional 154 shares during the last quarter. Finally, Nicholson Wealth Management Group LLC raised its holdings in CMS Energy by 0.8% in the first quarter. Nicholson Wealth Management Group LLC now owns 23,337 shares of the utilities provider's stock worth $1,753,000 after buying an additional 174 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CMS. Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Morgan Stanley decreased their price objective on shares of CMS Energy from $73.00 to $71.00 and set an "equal weight" rating for the company in a report on Thursday. Wall Street Zen cut shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Barclays boosted their price objective 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. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $77.25.

Insider Activity at CMS Energy

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 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 in the company, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Lauren Y. Snyder sold 2,220 shares of the business'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 transaction of $158,197.20. Following the sale, the senior vice president owned 13,512 shares of the company's stock, valued at $962,865.12. This trade represents a 14.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

CMS Energy Stock Performance

Shares of NYSE CMS opened at $70.96 on Friday. The firm has a 50 day moving average of $72.18 and a 200 day moving average of $71.65. 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 firm has a market capitalization of $21.24 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 2.66 and a beta of 0.39. 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, research analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were given a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, August 8th. CMS Energy's payout ratio is 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.

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