UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 783,077 Shares of 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 raised its position in CMS Energy Corporation (NYSE:CMS - Free Report) by 29.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,407,152 shares of the utilities provider's stock after acquiring an additional 783,077 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.14% of CMS Energy worth $255,911,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CMS. Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 166,328 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of 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 purchasing an additional 2,297,928 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of 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 worth $336,762,000 after purchasing an additional 753,173 shares during the last quarter. Northern Trust Corp increased its position in shares of CMS Energy by 1.3% during the 1st quarter. Northern Trust Corp now owns 3,026,335 shares of the utilities provider's stock worth $227,308,000 after purchasing an additional 39,846 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of CMS Energy by 72.9% during the 1st quarter. Lord Abbett & CO. LLC now owns 2,302,338 shares of the utilities provider's stock worth $172,929,000 after purchasing an additional 970,510 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

CMS Energy Stock Up 0.4%

CMS stock opened at $71.21 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $21.31 billion, a PE ratio of 21.07, a PEG ratio of 2.64 and a beta of 0.39. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45. The business's 50 day simple moving average is $72.04 and its 200 day simple moving average is $71.80.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results 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 business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The firm's revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, research analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

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

Insiders Place Their Bets

In other CMS Energy news, SVP Lauren Y. Snyder sold 2,220 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $71.26, for a total value 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. This represents a 14.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction on Friday, August 8th. The shares were 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 directly owned 68,036 shares in the company, valued at approximately $5,008,810.32. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.

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