CMS Energy Corporation $CMS Shares Purchased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its stake in CMS Energy Corporation (NYSE:CMS) by 20.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 4,483,585 shares of the utilities provider’s stock after purchasing an additional 753,173 shares during the quarter. Goldman Sachs Group Inc.’s holdings in CMS Energy were worth $336,762,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. AlphaQuest LLC lifted its holdings in shares of CMS Energy by 285.5% in the 1st quarter. AlphaQuest LLC now owns 451 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 334 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of CMS Energy in the 1st quarter worth approximately $47,000. Bernard Wealth Management Corp. acquired a new position in shares of CMS Energy in the 1st quarter worth approximately $72,000. NBC Securities Inc. acquired a new position in shares of CMS Energy in the 1st quarter worth approximately $75,000. Finally, Grove Bank & Trust lifted its holdings in shares of CMS Energy by 167.3% in the 1st quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider’s stock worth $81,000 after acquiring an additional 671 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Trading Up 0.3%

Shares of NYSE:CMS opened at $70.89 on Wednesday. CMS Energy Corporation has a 52 week low of $63.97 and a 52 week high of $76.45. The company’s 50 day moving average is $72.01 and its two-hundred day moving average is $71.81. 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 company has a market cap of $21.22 billion, a PE ratio of 20.97, a P/E/G ratio of 2.63 and a beta of 0.39.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the firm posted $0.66 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Equities analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were paid a dividend of $0.5425 per share. The ex-dividend date was Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a yield of 3.1%. CMS Energy’s dividend payout ratio is currently 64.20%.

Analysts Set New Price Targets

CMS has been the topic of several recent analyst reports. Morgan Stanley restated an “outperform” rating on shares of CMS Energy in a report on Thursday, August 21st. Barclays upped their target price on shares of CMS Energy from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 22nd. Wolfe Research reaffirmed a “peer perform” rating on shares of CMS Energy in a research note on Monday, July 7th. Finally, Wall Street Zen downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Eight 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.25.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction 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 in the company, 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 the SEC website. Also, SVP Lauren Y. Snyder sold 2,220 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $71.26, for a total transaction of $158,197.20. Following the sale, the senior vice president owned 13,512 shares of the company’s stock, valued at approximately $962,865.12. This represents a 14.11% decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

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.