Cerro Pacific Wealth Advisors LLC Reduces Position in CMS Energy Corporation $CMS

Cerro Pacific Wealth Advisors LLC lessened its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 13.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,740 shares of the utilities provider’s stock after selling 565 shares during the quarter. Cerro Pacific Wealth Advisors LLC’s holdings in CMS Energy were worth $259,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Apollon Wealth Management LLC boosted its position in shares of CMS Energy by 18.8% during the second quarter. Apollon Wealth Management LLC now owns 5,470 shares of the utilities provider’s stock valued at $379,000 after buying an additional 865 shares during the period. Conning Inc. raised its stake in shares of CMS Energy by 3.9% during the second quarter. Conning Inc. now owns 6,200 shares of the utilities provider’s stock valued at $430,000 after acquiring an additional 231 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of CMS Energy during the second quarter valued at approximately $320,000. Inspire Investing LLC raised its stake in shares of CMS Energy by 7.0% during the second quarter. Inspire Investing LLC now owns 32,568 shares of the utilities provider’s stock valued at $2,256,000 after acquiring an additional 2,129 shares in the last quarter. Finally, Croban raised its stake in shares of CMS Energy by 1.2% during the second quarter. Croban now owns 14,056 shares of the utilities provider’s stock valued at $974,000 after acquiring an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

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

CMS Energy Stock Performance

Shares of NYSE:CMS opened at $74.01 on Monday. The company has a market capitalization of $22.15 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.83 and a beta of 0.40. CMS Energy Corporation has a 52 week low of $63.97 and a 52 week high of $76.45. 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 firm has a 50 day moving average of $72.21 and a 200 day moving average of $71.64.

CMS Energy (NYSE:CMS) last issued 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. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. CMS Energy’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, sell-side analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were given a dividend of $0.5425 per share. 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 presently 64.20%.

Insiders Place Their Bets

In other news, SVP Lauren Y. Snyder sold 2,220 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $71.26, for a total transaction of $158,197.20. Following the transaction, the senior vice president directly owned 13,512 shares of the company’s stock, valued at approximately $962,865.12. This represents a 14.11% decrease in their ownership of the stock. 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 the company’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 directly owned 68,036 shares in the company, valued at approximately $5,008,810.32. The trade was 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 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.