MassMutual Private Wealth & Trust FSB Raises Stock Position in CMS Energy Corporation $CMS

MassMutual Private Wealth & Trust FSB raised its stake in shares of CMS Energy Corporation (NYSE:CMS) by 5.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,803 shares of the utilities provider’s stock after purchasing an additional 198 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in CMS Energy were worth $263,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CMS. Vanguard Group Inc. boosted its holdings 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 valued at $2,879,824,000 after buying an additional 166,328 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 valued at $1,243,438,000 after buying an additional 2,297,928 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings 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 valued at $336,762,000 after buying an additional 753,173 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of 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 buying an additional 783,077 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings 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 valued at $227,308,000 after buying an additional 39,846 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was 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 directly owned 68,036 shares in the company, valued at approximately $5,008,810.32. This represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Lauren Y. Snyder sold 2,220 shares of the stock in a transaction that occurred on 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 of the company’s stock, 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. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Price Performance

NYSE CMS opened at $70.24 on Friday. CMS Energy Corporation has a 52 week low of $63.97 and a 52 week high of $76.45. The firm has a market capitalization of $21.02 billion, a P/E ratio of 20.78, a PEG ratio of 2.61 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. The company has a 50-day moving average price of $72.14 and a 200-day moving average price of $71.72.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The business’s revenue for the quarter 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. Equities research analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

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

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.