Voya Investment Management LLC Raises Stock Holdings in CMS Energy Corporation $CMS

Voya Investment Management LLC boosted its stake in shares of CMS Energy Corporation (NYSE:CMS) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,142 shares of the utilities provider’s stock after buying an additional 826 shares during the quarter. Voya Investment Management LLC’s holdings in CMS Energy were worth $6,846,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CMS. AlphaQuest LLC increased its holdings in CMS Energy by 285.5% in the 1st quarter. AlphaQuest LLC now owns 451 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 334 shares during the last quarter. WPG Advisers LLC purchased a new position in shares of CMS Energy during the first quarter worth $47,000. Bernard Wealth Management Corp. acquired a new stake in shares of CMS Energy in the first quarter valued at $72,000. NBC Securities Inc. acquired a new stake in shares of CMS Energy in the first quarter valued at $75,000. Finally, Grove Bank & Trust raised its holdings in shares of CMS Energy by 167.3% in the 1st quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider’s stock valued at $81,000 after buying an additional 671 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy 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 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Lauren Y. Snyder sold 2,220 shares of the firm’s 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 transaction, the senior vice president directly owned 13,512 shares in the company, valued at $962,865.12. The trade was a 14.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

CMS Energy Stock Up 0.5%

CMS Energy stock opened at $70.30 on Thursday. The stock has a market cap of $21.04 billion, a PE ratio of 20.80, a P/E/G ratio of 2.60 and a beta of 0.39. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. The stock’s fifty day moving average is $72.15 and its two-hundred day moving average is $71.74. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45.

CMS Energy (NYSE:CMS) last released 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. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the company earned $0.66 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, sell-side analysts expect that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, August 8th. CMS Energy’s dividend payout ratio is presently 64.20%.

Analyst Upgrades and Downgrades

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

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.