Sumitomo Mitsui Trust Group Inc. Purchases 28,470 Shares of CMS Energy Corporation $CMS

Sumitomo Mitsui Trust Group Inc. increased its position in shares of CMS Energy Corporation (NYSE:CMS) by 3.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 757,923 shares of the utilities provider’s stock after buying an additional 28,470 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.25% of CMS Energy worth $52,509,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of CMS Energy during the second quarter worth about $58,000. First Citizens Bank & Trust Co. boosted its position in CMS Energy by 35.7% during the second quarter. First Citizens Bank & Trust Co. now owns 86,324 shares of the utilities provider’s stock valued at $5,981,000 after purchasing an additional 22,695 shares during the last quarter. Bleakley Financial Group LLC boosted its position in CMS Energy by 23.6% during the second quarter. Bleakley Financial Group LLC now owns 16,392 shares of the utilities provider’s stock valued at $1,136,000 after purchasing an additional 3,132 shares during the last quarter. Ethic Inc. boosted its position in CMS Energy by 15.0% during the second quarter. Ethic Inc. now owns 6,533 shares of the utilities provider’s stock valued at $451,000 after purchasing an additional 852 shares during the last quarter. Finally, Drive Wealth Management LLC acquired a new position in CMS Energy during the second quarter valued at approximately $209,000. 93.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CMS Energy

In other news, SVP Lauren Y. Snyder sold 2,220 shares of CMS Energy stock in a transaction 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 transaction, the senior vice president owned 13,512 shares in the company, valued at approximately $962,865.12. This trade represents a 14.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, the senior vice president owned 68,036 shares in the company, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

CMS Energy Price Performance

CMS Energy stock opened at $74.58 on Tuesday. The stock’s fifty day moving average price is $72.49 and its two-hundred day moving average price is $71.78. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45. 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 firm has a market cap of $22.32 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.85 and a beta of 0.40.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the company earned $0.66 EPS. The company’s revenue was up 14.4% on a year-over-year basis. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, research analysts expect that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

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

Analyst Ratings Changes

CMS has been the subject of several recent research reports. Wall Street Zen raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. KeyCorp increased their price target on CMS Energy from $76.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Wolfe Research reaffirmed a “peer perform” rating on shares of CMS Energy in a research report on Monday, July 7th. Barclays raised their price objective on CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a research report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $78.36.

CMS Energy Company 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.