Morningstar Investment Management LLC Purchases New Shares in CMS Energy Corporation $CMS

Morningstar Investment Management LLC purchased a new stake in CMS Energy Corporation (NYSE:CMS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,391 shares of the utilities provider’s stock, valued at approximately $235,000.

Other institutional investors have also added to or reduced their stakes in the company. AlphaQuest LLC boosted its stake in CMS Energy by 285.5% in the 1st quarter. AlphaQuest LLC now owns 451 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 334 shares during the period. Trust Co. of Vermont boosted its stake in CMS Energy by 127.7% in the 2nd quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 300 shares during the period. WPG Advisers LLC bought a new stake in CMS Energy in the 1st quarter valued at $47,000. Grove Bank & Trust boosted its stake in CMS Energy by 167.3% in the 1st quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider’s stock valued at $81,000 after purchasing an additional 671 shares during the period. Finally, TD Private Client Wealth LLC bought a new stake in CMS Energy in the 1st quarter valued at $82,000. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Price Performance

Shares of CMS stock opened at $74.36 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93. CMS Energy Corporation has a twelve month low of $63.97 and a twelve month high of $76.45. The company has a market cap of $22.26 billion, a P/E ratio of 22.00, a P/E/G ratio of 2.80 and a beta of 0.40. The business has a fifty day simple moving average of $72.19 and a 200 day simple moving average of $71.65.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the company earned $0.66 EPS. CMS Energy’s revenue for the quarter was up 14.4% on a year-over-year basis. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, sell-side analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were given 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 was Friday, August 8th. CMS Energy’s dividend payout ratio is currently 64.20%.

Insider Activity

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Friday, August 8th. The stock was 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 directly owned 68,036 shares in the company, valued at approximately $5,008,810.32. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Lauren Y. Snyder sold 2,220 shares of CMS Energy stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $71.26, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of CMS Energy in a research report on Wednesday, October 8th. Barclays upped their target price on CMS Energy from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, July 22nd. Wolfe Research reiterated a “peer perform” rating on shares of CMS Energy in a research report on Monday, July 7th. Morgan Stanley cut their target price on 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. Finally, Wall Street Zen downgraded CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Seven investment 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, CMS Energy presently has an average rating of “Moderate Buy” and a consensus price target of $77.90.

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.