Ameritas Advisory Services LLC Lowers Stock Holdings in CMS Energy Corporation $CMS

Ameritas Advisory Services LLC cut its holdings in CMS Energy Corporation (NYSE:CMS) by 95.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 616 shares of the utilities provider’s stock after selling 12,180 shares during the quarter. Ameritas Advisory Services LLC’s holdings in CMS Energy were worth $43,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky increased its holdings in CMS Energy by 4.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 23,064 shares of the utilities provider’s stock worth $1,732,000 after acquiring an additional 893 shares in the last quarter. Private Trust Co. NA grew its position in shares of CMS Energy by 14.4% in the first quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 185 shares during the period. Vontobel Holding Ltd. increased its stake in shares of CMS Energy by 9.4% during the first quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider’s stock worth $350,000 after purchasing an additional 400 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of CMS Energy by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider’s stock worth $2,629,000 after purchasing an additional 950 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of CMS Energy by 503.4% during the 1st quarter. Jane Street Group LLC now owns 175,804 shares of the utilities provider’s stock worth $13,205,000 after purchasing an additional 146,667 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Lauren Y. Snyder sold 2,220 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president owned 13,512 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available 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 owned 68,036 shares of the company’s stock, 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 0.49% of the company’s stock.

CMS Energy Trading Down 0.8%

Shares of CMS Energy stock opened at $73.51 on Tuesday. CMS Energy Corporation has a fifty-two week low of $63.97 and a fifty-two week high of $76.45. The stock has a 50 day moving average of $72.19 and a 200 day moving average of $71.63. The firm has a market capitalization of $22.00 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.83 and a beta of 0.40. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00.

CMS Energy (NYSE:CMS) last released 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. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The company’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, research analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

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

Analyst Ratings Changes

Several research firms have commented on CMS. Wolfe Research reiterated a “peer perform” rating on shares of CMS Energy in a research note on Monday, July 7th. Morgan Stanley lowered their price target on CMS Energy from $73.00 to $71.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Wall Street Zen lowered CMS Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Barclays raised their price target on shares of CMS Energy from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, CMS Energy presently has a consensus rating of “Moderate Buy” and an average target price of $77.36.

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.