Panagora Asset Management Inc. Reduces Position in CMS Energy Corporation $CMS

Key Points

• Panagora Asset Management Inc. reduced its stake in CMS Energy Corporation by 27.8% in the first quarter, holding 42,007 shares valued at approximately $3.16 million at the end of the reporting period.
• Wall Street analysts have varying ratings for CMS Energy, with Barclays raising their price target to $78 and a consensus rating of "Moderate Buy" with an average target price of $77.25.
• CMS Energy recently declared a quarterly dividend of $0.5425, representing an annual yield of 3.0% and a dividend payout ratio of 64.20%.

Panagora Asset Management Inc. lowered its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 27.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,007 shares of the utilities provider's stock after selling 16,156 shares during the period. Panagora Asset Management Inc.'s holdings in CMS Energy were worth $3,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. AlphaQuest LLC grew its position in CMS Energy by 285.5% in the first quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock worth $34,000 after acquiring an additional 334 shares during the period. WPG Advisers LLC acquired a new position in shares of CMS Energy in the 1st quarter valued at $47,000. Bernard Wealth Management Corp. acquired a new position in shares of CMS Energy in the 1st quarter valued at $72,000. NBC Securities Inc. purchased a new position in shares of CMS Energy during the 1st quarter worth $75,000. Finally, Grove Bank & Trust increased its position in shares of CMS Energy by 167.3% during the 1st quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider's stock worth $81,000 after purchasing an additional 671 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Stock Down 0.0%

Shares of NYSE CMS traded down $0.01 during midday trading on Friday, hitting $71.53. The company's stock had a trading volume of 1,540,836 shares, compared to its average volume of 1,956,406. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. The firm has a market capitalization of $21.41 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.66 and a beta of 0.39. The business's fifty day simple moving average is $71.97 and its two-hundred day simple moving average is $71.82. CMS Energy Corporation has a 1 year low of $63.97 and a 1 year 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 for the quarter, topping the consensus estimate of $0.67 by $0.04. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the firm earned $0.66 EPS. The firm's revenue for the quarter was up 14.4% on a year-over-year basis. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, equities analysts predict that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were issued a $0.5425 dividend. The ex-dividend date was Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a yield of 3.0%. CMS Energy's dividend payout ratio (DPR) is 64.20%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMS. Morgan Stanley restated an "outperform" rating on shares of CMS Energy in a report on Thursday, August 21st. Barclays boosted their price target on shares of CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Wall Street Zen cut shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, CMS Energy presently has an average rating of "Moderate Buy" and a consensus target price 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 transaction of $147,240.00. Following the completion of the transaction, the senior vice president directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.49% of the stock is owned by insiders.

CMS Energy 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.