Morningstar Investment Management LLC acquired a new stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,391 shares of the utilities provider's stock, valued at approximately $235,000.
Several other institutional investors have also modified their holdings of CMS. Price T Rowe Associates Inc. MD lifted its holdings 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 valued at $1,243,438,000 after purchasing an additional 2,297,928 shares in the last quarter. Nuveen LLC acquired a new stake in CMS Energy in the 1st quarter valued at approximately $106,745,000. Lord Abbett & CO. LLC raised its position in CMS Energy by 72.9% in the 1st quarter. Lord Abbett & CO. LLC now owns 2,302,338 shares of the utilities provider's stock valued at $172,929,000 after buying an additional 970,510 shares during 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, Goldman Sachs Group Inc. raised its position in CMS Energy by 20.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,483,585 shares of the utilities provider's stock valued at $336,762,000 after buying an additional 753,173 shares during the last quarter. Institutional investors own 93.57% of the company's stock.
CMS Energy Stock Up 1.1%
NYSE:CMS opened at $74.36 on Wednesday. The firm has a market capitalization of $22.26 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 2.80 and a beta of 0.40. CMS Energy Corporation has a twelve month low of $63.97 and a twelve month high of $76.45. The stock's 50 day moving average price is $72.19 and its two-hundred day moving average price is $71.65. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93.
CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.84 billion for 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%.The business's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Equities research analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.
CMS Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were issued a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.9%. CMS Energy's payout ratio is presently 64.20%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on CMS shares. Morgan Stanley dropped their target price on CMS Energy from $73.00 to $71.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Weiss Ratings reissued a "buy (b-)" rating on shares of CMS Energy in a research report on Wednesday, October 8th. Wall Street Zen lowered CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Barclays lifted their target price on CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, CMS Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.90.
Get Our Latest Stock Report on CMS
Insider Buying and Selling
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 stock was sold at an average price of $73.62, for a total transaction of $147,240.00. Following the transaction, the senior vice president directly owned 68,036 shares of the company's stock, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $71.26, for a total value of $158,197.20. Following the transaction, the senior vice president directly owned 13,512 shares in the company, valued at $962,865.12. The trade was a 14.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.
CMS Energy Company Profile
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Free Report)
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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