Yousif Capital Management LLC Has $3.72 Million Stake in CMS Energy Corporation $CMS

Yousif Capital Management LLC grew its position in CMS Energy Corporation (NYSE:CMS) by 1.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 53,686 shares of the utilities provider’s stock after purchasing an additional 595 shares during the period. Yousif Capital Management LLC’s holdings in CMS Energy were worth $3,719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CMS. Price T Rowe Associates Inc. MD increased its holdings in shares of CMS Energy by 16.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,554,877 shares of the utilities provider’s stock worth $1,243,438,000 after purchasing an additional 2,297,928 shares during the period. Nuveen LLC acquired a new stake in shares of CMS Energy in the first quarter valued at approximately $106,745,000. Lord Abbett & CO. LLC raised its position in shares of CMS Energy by 72.9% in the first quarter. Lord Abbett & CO. LLC now owns 2,302,338 shares of the utilities provider’s stock valued at $172,929,000 after buying an additional 970,510 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of CMS Energy by 29.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,407,152 shares of the utilities provider’s stock valued at $255,911,000 after buying an additional 783,077 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of CMS Energy by 20.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,483,585 shares of the utilities provider’s stock valued at $336,762,000 after buying an additional 753,173 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $75.31 on Thursday. The company has a market cap of $22.54 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 2.84 and a beta of 0.40. 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 50 day simple moving average of $72.21 and a 200 day simple moving average of $71.68. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The business 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%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Research analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were paid a $0.5425 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.17 annualized dividend and a yield of 2.9%. CMS Energy’s dividend payout ratio is presently 64.20%.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $5,008,810.32. This represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Lauren Y. Snyder sold 2,220 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $71.26, for a total transaction 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. 0.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CMS has been the subject of a number of analyst reports. KeyCorp lifted their price target on shares of CMS Energy from $76.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday. Wall Street Zen downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Morgan Stanley dropped 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of CMS Energy in a research report on Wednesday, October 8th. Finally, 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 report on Tuesday, July 22nd. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $78.00.

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.