Ramirez Asset Management Inc. Boosts Stock Holdings in CMS Energy Corporation $CMS

Key Points

• Ramirez Asset Management Inc. increased its stake in CMS Energy Corporation by 36.1%, owning 24,204 shares valued at approximately $1.68 million after acquiring an additional 6,423 shares in the second quarter.
• Multiple large investors have also raised their stakes in CMS Energy, with Vanguard Group Inc. owning over $2.87 billion worth of shares, marking a 0.4% increase.
• CMS Energy reported a quarterly earnings per share of $0.71, exceeding analysts' expectations, with a net margin of 12.76% and a year-over-year revenue growth of 14.4%.

Ramirez Asset Management Inc. boosted its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 36.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,204 shares of the utilities provider's stock after buying an additional 6,423 shares during the period. Ramirez Asset Management Inc.'s holdings in CMS Energy were worth $1,677,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in CMS Energy by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 38,341,416 shares of the utilities provider's stock valued at $2,879,824,000 after acquiring an additional 166,328 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in 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 acquiring an additional 2,297,928 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in CMS Energy by 20.2% during 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 acquiring an additional 753,173 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in CMS Energy by 29.8% during 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 acquiring an additional 783,077 shares in the last quarter. Finally, Northern Trust Corp grew its stake in CMS Energy by 1.3% during the 1st quarter. Northern Trust Corp now owns 3,026,335 shares of the utilities provider's stock valued at $227,308,000 after acquiring an additional 39,846 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMS has been the subject of several research reports. Barclays upped their price objective 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 note on Saturday, July 26th. Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a research note on Monday, July 7th. Weiss Ratings reissued a "buy (b-)" rating on shares of CMS Energy in a research note on Wednesday. Finally, Morgan Stanley dropped their price target on shares of CMS Energy from $73.00 to $71.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $77.36.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were 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 owned 68,036 shares of the company's stock, valued at approximately $5,008,810.32. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Lauren Y. Snyder sold 2,220 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $71.26, for a total transaction of $158,197.20. Following the transaction, the senior vice president directly owned 13,512 shares of the company's stock, valued at $962,865.12. The trade was a 14.11% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

CMS Energy Stock Performance

NYSE:CMS opened at $73.25 on Friday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. The stock has a market capitalization of $21.93 billion, a P/E ratio of 21.67, a PEG ratio of 2.72 and a beta of 0.40. The company has a 50 day moving average price of $72.21 and a 200 day moving average price of $71.65. CMS Energy Corporation has a fifty-two week low of $63.97 and a fifty-two week high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The firm's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company posted $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Equities research analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were given 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 3.0%. CMS Energy's dividend payout ratio (DPR) is presently 64.20%.

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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