Northern Trust Corp Buys 39,846 Shares of CMS Energy Corporation $CMS

Key Points

• Northern Trust Corp increased its stake in CMS Energy Corporation by 1.3% during the first quarter, now holding 3,026,335 shares valued at approximately $227.3 million.
• CMS Energy reported a quarterly earnings per share of $0.71, exceeding analyst expectations and showing a 14.4% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.5425 per share, which represents a 3.0% yield and a payout ratio of 64.20%.

Northern Trust Corp raised its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 1.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,026,335 shares of the utilities provider's stock after buying an additional 39,846 shares during the quarter. Northern Trust Corp owned 1.01% of CMS Energy worth $227,308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brooklyn Investment Group grew its holdings in CMS Energy by 121.7% in the 1st quarter. Brooklyn Investment Group now owns 1,448 shares of the utilities provider's stock valued at $109,000 after buying an additional 795 shares during the last quarter. Partners Group Holding AG grew its holdings in CMS Energy by 3.7% in the 1st quarter. Partners Group Holding AG now owns 682,096 shares of the utilities provider's stock valued at $51,232,000 after buying an additional 24,347 shares during the last quarter. American Century Companies Inc. grew its holdings in CMS Energy by 7.7% in the 1st quarter. American Century Companies Inc. now owns 85,572 shares of the utilities provider's stock valued at $6,427,000 after buying an additional 6,133 shares during the last quarter. Horizon Investments LLC grew its holdings in CMS Energy by 5.1% in the 1st quarter. Horizon Investments LLC now owns 4,349 shares of the utilities provider's stock valued at $324,000 after buying an additional 210 shares during the last quarter. Finally, Trivium Point Advisory LLC grew its holdings in CMS Energy by 41.3% in the 1st quarter. Trivium Point Advisory LLC now owns 4,797 shares of the utilities provider's stock valued at $360,000 after buying an additional 1,401 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $72.7730 on Friday. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45. The firm has a market capitalization of $21.78 billion, a PE ratio of 21.53, a PEG ratio of 2.71 and a beta of 0.36. The business's 50 day moving average is $71.42 and its 200-day moving average is $71.56. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data 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 company 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%.CMS Energy's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Sell-side analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be paid a $0.5425 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.17 annualized dividend and a yield of 3.0%. CMS Energy's payout ratio is currently 64.20%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Morgan Stanley set a $71.00 target price on CMS Energy and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Wells Fargo & Company raised their target price on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Scotiabank reaffirmed an "outperform" rating and issued a $81.00 target price (up previously from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Finally, BMO Capital Markets lifted their price objective on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $77.25.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $73.62, for a total value of $147,240.00. Following the sale, the senior vice president owned 68,036 shares of the company's stock, valued at $5,008,810.32. The trade was a 2.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

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.

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