CMS Energy Corporation $CMS Stock Holdings Lessened by Panagora Asset Management Inc.

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 the company in its most recent 13F filing with the SEC. The fund owned 42,007 shares of the utilities provider's stock after selling 16,156 shares during the quarter. Panagora Asset Management Inc.'s holdings in CMS Energy were worth $3,155,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC purchased a new stake in CMS Energy in the 1st quarter valued at approximately $47,000. State of Wyoming boosted its stake in shares of CMS Energy by 15.2% during the first quarter. State of Wyoming now owns 1,899 shares of the utilities provider's stock valued at $143,000 after acquiring an additional 251 shares during the last quarter. Eisler Capital Management Ltd. purchased a new stake in CMS Energy during the 1st quarter worth about $1,208,000. B. Metzler seel. Sohn & Co. AG lifted its holdings in CMS Energy by 118.9% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 111,862 shares of the utilities provider's stock valued at $8,402,000 after purchasing an additional 60,756 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of CMS Energy during the 1st quarter worth about $1,004,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the 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 transaction, the senior vice president directly owned 68,036 shares in the company, valued at approximately $5,008,810.32. This represents a 2.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.40% of the company's stock.

CMS Energy Stock Down 0.0%

CMS Energy stock traded down $0.01 during midday trading on Friday, hitting $71.53. 1,540,836 shares of the stock were exchanged, compared to its average volume of 2,007,935. CMS Energy Corporation has a 1 year low of $63.97 and a 1 year high of $76.45. 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 cap of $21.41 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.66 and a beta of 0.39. The company has a 50 day moving average price of $71.97 and a two-hundred day moving average price of $71.81.

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, beating the consensus estimate of $0.67 by $0.04. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the firm earned $0.66 earnings per share. The company's revenue 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, sell-side analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CMS. Morgan Stanley reaffirmed an "outperform" rating on shares of CMS Energy in a research report on Thursday, August 21st. Wall Street Zen downgraded CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Barclays lifted their target price on CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a report on Tuesday, July 22nd. Finally, Wolfe Research restated a "peer perform" rating on shares of CMS Energy in a research note 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. According to MarketBeat.com, CMS Energy currently has a consensus rating of "Moderate Buy" and an average target price of $77.25.

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.