Asset Management One Co. Ltd. Trims Holdings in CMS Energy Corporation $CMS

Asset Management One Co. Ltd. decreased its stake in shares of CMS Energy Corporation (NYSE:CMS) by 5.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 184,296 shares of the utilities provider’s stock after selling 10,530 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of CMS Energy worth $12,768,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sigma Planning Corp lifted its position in CMS Energy by 0.4% during the first quarter. Sigma Planning Corp now owns 32,045 shares of the utilities provider’s stock worth $2,407,000 after buying an additional 142 shares in the last quarter. Sage Mountain Advisors LLC lifted its position in CMS Energy by 4.5% during the first quarter. Sage Mountain Advisors LLC now owns 3,360 shares of the utilities provider’s stock worth $252,000 after buying an additional 144 shares in the last quarter. Sumitomo Life Insurance Co. increased its stake in CMS Energy by 1.3% during the first quarter. Sumitomo Life Insurance Co. now owns 11,233 shares of the utilities provider’s stock worth $844,000 after acquiring an additional 146 shares during the last quarter. Spire Wealth Management increased its stake in CMS Energy by 6.4% during the first quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider’s stock worth $191,000 after acquiring an additional 154 shares during the last quarter. Finally, Nicholson Wealth Management Group LLC increased its stake in CMS Energy by 0.7% during the second quarter. Nicholson Wealth Management Group LLC now owns 23,495 shares of the utilities provider’s stock worth $1,628,000 after acquiring an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy 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 completion of the transaction, the senior vice president directly owned 68,036 shares in the company, valued at approximately $5,008,810.32. This trade represents 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 CMS Energy stock in a transaction 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 completion of the transaction, the senior vice president owned 13,512 shares of the company’s stock, valued at approximately $962,865.12. This trade represents a 14.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

CMS has been the subject of several recent analyst reports. Morgan Stanley raised their target price on CMS Energy from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of CMS Energy in a research note on Friday. KeyCorp raised their target price on CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Barclays raised their target price on CMS Energy from $78.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Finally, Wolfe Research reissued a “peer perform” rating on shares of CMS Energy in a research note on Monday, July 7th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and a consensus target price of $78.82.

CMS Energy Trading Up 0.2%

Shares of NYSE CMS opened at $74.71 on Monday. CMS Energy Corporation has a twelve month low of $63.97 and a twelve month high of $76.45. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The stock has a fifty day simple moving average of $72.44 and a 200-day simple moving average of $71.75. The stock has a market capitalization of $22.36 billion, a PE ratio of 22.10, a PEG ratio of 2.85 and a beta of 0.40.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.CMS Energy’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, equities analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be issued a $0.5425 dividend. The ex-dividend date is Friday, November 7th. This represents a $2.17 dividend on an annualized basis and a yield of 2.9%. CMS Energy’s dividend payout ratio (DPR) is 64.20%.

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.