Jennison Associates LLC Sells 20,138 Shares of CMS Energy Corporation $CMS

Jennison Associates LLC trimmed its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 1.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,852,146 shares of the utilities provider’s stock after selling 20,138 shares during the quarter. Jennison Associates LLC’s holdings in CMS Energy were worth $128,317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CMS. Bison Wealth LLC bought a new position in shares of CMS Energy during the 4th quarter worth approximately $312,000. Spire Wealth Management boosted its holdings in shares of CMS Energy by 6.4% during the 1st quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider’s stock worth $191,000 after buying an additional 154 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of CMS Energy during the 1st quarter worth approximately $1,125,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of CMS Energy by 2.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,377 shares of the utilities provider’s stock worth $2,773,000 after buying an additional 998 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of CMS Energy by 37.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 429,901 shares of the utilities provider’s stock worth $32,303,000 after buying an additional 117,245 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $73.62, for a total transaction 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. This trade represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Lauren Y. Snyder sold 2,220 shares of the firm’s 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CMS shares. KeyCorp increased their target price on CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Morgan Stanley increased their target price on CMS Energy from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Barclays increased their target price on CMS Energy from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Wolfe Research reiterated a “peer perform” rating on shares of CMS Energy in a report on Monday, July 7th. Finally, Wells Fargo & Company started coverage on CMS Energy in a report on Monday. They issued an “equal weight” rating and a $77.00 target price on the stock. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.36.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $73.51 on Wednesday. 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’s fifty day simple moving average is $72.50 and its two-hundred day simple moving average is $71.79. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45. The stock has a market cap of $22.00 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 2.84 and a beta of 0.40.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the business earned $0.66 EPS. The business’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, analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be paid a dividend of $0.5425 per share. The ex-dividend date is Friday, November 7th. This represents a $2.17 annualized dividend and a yield of 3.0%. 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.