Mufg Securities Americas Inc. increased its stake in shares of CMS Energy Corporation (NYSE:CMS – Free Report) by 25.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,629 shares of the utilities provider’s stock after acquiring an additional 1,340 shares during the period. Mufg Securities Americas Inc.’s holdings in CMS Energy were worth $459,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in CMS Energy by 16.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,554,877 shares of the utilities provider’s stock valued at $1,243,438,000 after buying an additional 2,297,928 shares during the period. Nuveen LLC acquired a new position in shares of CMS Energy in the first quarter valued at about $106,745,000. Lord Abbett & CO. LLC increased its holdings in shares of CMS Energy by 72.9% during the first quarter. Lord Abbett & CO. LLC now owns 2,302,338 shares of the utilities provider’s stock worth $172,929,000 after purchasing an additional 970,510 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in CMS Energy by 29.8% in the 1st 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 acquiring an additional 783,077 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in 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 purchasing an additional 753,173 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, SVP Brandon J. Hofmeister sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $72.47, for a total value of $289,880.00. Following the sale, the senior vice president owned 64,259 shares of the company’s stock, valued at $4,656,849.73. The trade was a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Lauren Y. Snyder sold 2,220 shares of the business’s stock in a transaction 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 in the company, valued at $962,865.12. The trade was a 14.11% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.40% of the company’s stock.
CMS Energy Stock Performance
CMS Energy (NYSE:CMS – Get Free Report) last released its earnings results on Thursday, October 30th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.83 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.CMS Energy’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS. FY 2025 guidance at 3.560-3.600 EPS. Equities research analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.
CMS Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th will be given a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, November 7th. CMS Energy’s dividend payout ratio is currently 62.72%.
Wall Street Analyst Weigh In
CMS has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, October 8th. Morgan Stanley boosted their price objective on shares of CMS Energy from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Barclays increased their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Wells Fargo & Company raised CMS Energy to a “hold” rating in a research report on Tuesday, October 28th. Finally, Wall Street Zen upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $78.36.
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.
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