UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Stock Holdings in CMS Energy Corporation $CMS

Key Points

• UBS Asset Management increased its stake in CMS Energy Corporation by 29.8%, acquiring 783,077 additional shares, raising its total ownership to 3,407,152 shares worth approximately $255.9 million.
• CMS Energy reported earnings of $0.71 per share for the last quarter, exceeding estimates, while its revenue increased by 14.4% year-over-year to $1.84 billion.
• The company declared a quarterly dividend of $0.5425 per share, translating to an annualized yield of 3.0% and a dividend payout ratio of 64.20%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 29.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,407,152 shares of the utilities provider's stock after purchasing an additional 783,077 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.14% of CMS Energy worth $255,911,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CMS. Vanguard Group Inc. raised 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 worth $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 worth $1,243,438,000 after buying an additional 2,297,928 shares during the last quarter. Goldman Sachs Group Inc. increased its position in CMS Energy by 20.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,483,585 shares of the utilities provider's stock worth $336,762,000 after buying an additional 753,173 shares during the period. Northern Trust Corp lifted its stake in CMS Energy by 1.3% in the first quarter. Northern Trust Corp now owns 3,026,335 shares of the utilities provider's stock valued at $227,308,000 after buying an additional 39,846 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of CMS Energy by 72.9% in the first quarter. Lord Abbett & CO. LLC now owns 2,302,338 shares of the utilities provider's stock valued at $172,929,000 after acquiring an additional 970,510 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

Shares of CMS Energy stock traded down $0.97 during trading on Tuesday, reaching $70.61. The company's stock had a trading volume of 275,864 shares, compared to its average volume of 2,412,408. The business has a 50 day moving average price of $72.13 and a 200-day moving average price of $71.76. CMS Energy Corporation has a 12-month low of $63.97 and a 12-month high of $76.45. The company has a market capitalization of $21.14 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 2.66 and a beta of 0.39. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93.

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 analysts' consensus estimates 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 quarter last year, the company earned $0.66 earnings per share. CMS Energy'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 business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were issued a $0.5425 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a yield of 3.1%. CMS Energy's dividend payout ratio (DPR) is 64.20%.

Analysts Set New Price Targets

Several brokerages have issued reports on CMS. Barclays raised their price objective on shares of CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Wall Street Zen cut CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Finally, Morgan Stanley reissued an "outperform" rating on shares of CMS Energy in a report on Thursday, August 21st. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $77.25.

Insider Buying and Selling

In related news, SVP Lauren Y. Snyder sold 2,220 shares of CMS Energy stock in a transaction 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 completion of the transaction, the senior vice president directly owned 13,512 shares of the company's stock, valued at approximately $962,865.12. The trade was a 14.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm'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 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 disclosure for this sale can be found here. 0.49% of the stock is currently owned by company 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.