CMS Energy Corporation $CMS Position Lessened by Intech Investment Management LLC

Intech Investment Management LLC decreased its stake in CMS Energy Corporation (NYSE:CMS) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,397 shares of the utilities provider’s stock after selling 1,567 shares during the period. Intech Investment Management LLC’s holdings in CMS Energy were worth $2,884,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CMS. Bison Wealth LLC bought a new stake in shares of CMS Energy in the 4th quarter worth approximately $312,000. Cetera Investment Advisers lifted its holdings in shares of CMS Energy by 7.7% in the 4th quarter. Cetera Investment Advisers now owns 33,991 shares of the utilities provider’s stock worth $2,265,000 after purchasing an additional 2,440 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CMS Energy by 4.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,271 shares of the utilities provider’s stock worth $2,084,000 after purchasing an additional 1,451 shares during the last quarter. Millennium Management LLC raised its stake in CMS Energy by 165.5% during the 4th quarter. Millennium Management LLC now owns 320,877 shares of the utilities provider’s stock valued at $21,386,000 after acquiring an additional 200,036 shares in the last quarter. Finally, NorthRock Partners LLC bought a new stake in CMS Energy during the 4th quarter valued at $241,000. Institutional investors own 93.57% of the company’s stock.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated 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 in the company, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their ownership of the stock. 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 business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $71.26, for a total value of $158,197.20. Following the transaction, the senior vice president owned 13,512 shares in the company, valued at $962,865.12. This represents a 14.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CMS Energy Price Performance

CMS opened at $71.65 on Monday. CMS Energy Corporation has a 1 year low of $63.97 and a 1 year high of $76.45. The stock has a fifty day moving average price of $72.09 and a 200 day moving average price of $71.77. The stock has a market cap of $21.45 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 2.66 and a beta of 0.39. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93.

CMS Energy (NYSE:CMS) last announced its quarterly 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. 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 analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the firm earned $0.66 earnings per share. 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. Analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

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

CMS Energy Company 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.