Vontobel Holding Ltd. Sells 788 Shares of CMS Energy Corporation $CMS

Vontobel Holding Ltd. decreased its stake in shares of CMS Energy Corporation (NYSE:CMS) by 16.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,874 shares of the utilities provider’s stock after selling 788 shares during the period. Vontobel Holding Ltd.’s holdings in CMS Energy were worth $268,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMS. AlphaQuest LLC increased its position in CMS Energy by 285.5% in the first quarter. AlphaQuest LLC now owns 451 shares of the utilities provider’s stock worth $34,000 after buying an additional 334 shares during the last quarter. Trust Co. of Vermont boosted its holdings in shares of CMS Energy by 127.7% in the 2nd quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 300 shares in the last quarter. WPG Advisers LLC bought a new stake in CMS Energy in the 1st quarter worth approximately $47,000. Grove Bank & Trust lifted its position in CMS Energy by 167.3% in the 1st quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider’s stock worth $81,000 after buying an additional 671 shares during the last quarter. Finally, TD Private Client Wealth LLC bought a new stake in CMS Energy in the 1st quarter worth approximately $82,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Price Performance

Shares of NYSE CMS opened at $75.31 on Thursday. The company’s 50-day moving average is $72.21 and its 200 day moving average is $71.68. 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 has a market capitalization of $22.54 billion, a P/E ratio of 22.28, a P/E/G ratio of 2.84 and a beta of 0.40. CMS Energy Corporation has a 1 year low of $63.97 and a 1 year high of $76.45.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The business had revenue of $1.84 billion for 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 business’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 EPS. 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 earnings per share for the current year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were given a $0.5425 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.9%. CMS Energy’s dividend payout ratio is currently 64.20%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, October 8th. Morgan Stanley cut their price target on shares of CMS Energy from $73.00 to $71.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. KeyCorp boosted their target price on CMS Energy from $76.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday. Wolfe Research reissued a “peer perform” rating on shares of CMS Energy in a research note on Monday, July 7th. Finally, Barclays lifted their price target on CMS Energy from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 22nd. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, CMS Energy has an average rating of “Moderate Buy” and an average target price of $78.00.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $73.62, for a total transaction of $147,240.00. Following the sale, the senior vice president owned 68,036 shares of the company’s stock, valued at $5,008,810.32. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Lauren Y. Snyder sold 2,220 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $71.26, for a total transaction of $158,197.20. Following the sale, 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 position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

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.