Caitong International Asset Management Co. Ltd Takes Position in CMS Energy Corporation $CMS

Caitong International Asset Management Co. Ltd acquired a new stake in shares of CMS Energy Corporation (NYSE:CMS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 842 shares of the utilities provider’s stock, valued at approximately $58,000.

A number of other institutional investors have also recently made changes to their positions in CMS. Bison Wealth LLC purchased a new position in shares of CMS Energy during the fourth quarter valued at about $312,000. GAMMA Investing LLC grew its position in shares of CMS Energy by 17.6% during the first quarter. GAMMA Investing LLC now owns 13,491 shares of the utilities provider’s stock valued at $1,013,000 after purchasing an additional 2,020 shares in the last quarter. Spire Wealth Management grew its position in shares of CMS Energy by 6.4% during the first quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider’s stock valued at $191,000 after purchasing an additional 154 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of CMS Energy during the first quarter valued at about $1,125,000. Finally, Illinois Municipal Retirement Fund grew its position in shares of CMS Energy by 26.9% during the first quarter. Illinois Municipal Retirement Fund now owns 167,049 shares of the utilities provider’s stock valued at $12,547,000 after purchasing an additional 35,435 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Up 0.2%

Shares of NYSE CMS opened at $74.71 on Friday. 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 company has a market cap of $22.36 billion, a P/E ratio of 22.10, a PEG ratio of 2.85 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. The firm has a 50-day simple moving average of $72.44 and a two-hundred day simple moving average of $71.75.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping 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 quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Research analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The business 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 dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, November 7th. CMS Energy’s payout ratio is currently 64.20%.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $73.62, for a total transaction of $147,240.00. Following the completion of the sale, the senior vice president owned 68,036 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, SVP Lauren Y. Snyder sold 2,220 shares of CMS Energy 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 sale, the senior vice president directly owned 13,512 shares of the company’s stock, valued at $962,865.12. This represents a 14.11% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CMS. Wall Street Zen upgraded CMS Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. KeyCorp lifted their price target on CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Morgan Stanley lifted their price target on CMS Energy from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wolfe Research reiterated a “peer perform” rating on shares of CMS Energy in a research report on Monday, July 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CMS Energy in a research report on Friday. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.82.

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.