Price T Rowe Associates Inc. MD Acquires 2,297,928 Shares of CMS Energy Corporation $CMS

Key Points

• Price T Rowe Associates Inc. MD has increased its holdings in CMS Energy Corporation by 16.1% in the first quarter, owning over 16.5 million shares valued at approximately $1.24 billion.
• CMS Energy recently announced a quarterly dividend of $0.5425 per share, with a yield of 3.0% and a payout ratio of 64.20%.
• Wall Street analysts have mixed ratings on CMS Energy, with an average price target increase, while some analysts have downgraded the stock from "hold" to "sell."

Price T Rowe Associates Inc. MD raised its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 16.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,554,877 shares of the utilities provider's stock after acquiring an additional 2,297,928 shares during the quarter. Price T Rowe Associates Inc. MD owned about 5.53% of CMS Energy worth $1,243,438,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Optiver Holding B.V. raised its holdings in shares of CMS Energy by 39.2% during the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 229 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in CMS Energy during the first quarter worth $72,000. Quarry LP increased its position in CMS Energy by 36.5% during the fourth quarter. Quarry LP now owns 1,118 shares of the utilities provider's stock worth $75,000 after buying an additional 299 shares during the last quarter. NBC Securities Inc. bought a new position in CMS Energy during the first quarter valued at about $75,000. Finally, TD Waterhouse Canada Inc. lifted its position in shares of CMS Energy by 46.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,191 shares of the utilities provider's stock worth $79,000 after buying an additional 376 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Analysts Set New Price Targets

CMS has been the topic of a number of analyst reports. Barclays increased their price objective on CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a report on Tuesday, July 22nd. Wolfe Research reiterated a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Morgan Stanley set a $71.00 price objective on shares of CMS Energy and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. BMO Capital Markets upped their price objective on shares of CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Finally, Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $77.25.

CMS Energy Stock Performance

Shares of CMS traded up $0.3130 during mid-day trading on Friday, hitting $73.0930. The company's stock had a trading volume of 1,807,168 shares, compared to its average volume of 2,458,383. The stock's 50-day moving average is $71.47 and its two-hundred day moving average is $71.67. The firm has a market capitalization of $21.88 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.72 and a beta of 0.36. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.68 billion. During the same period in the prior year, the company earned $0.66 EPS. The business's quarterly revenue was up 14.4% compared to the same quarter last year. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, sell-side analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be given a dividend of $0.5425 per share. The ex-dividend date of this dividend is 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%.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company'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 value of $147,240.00. Following the completion of the transaction, the senior vice president owned 68,036 shares of the company's stock, valued at $5,008,810.32. This represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.49% of the stock is 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.