Lauren Snyder Sells 2,220 Shares of CMS Energy (NYSE:CMS) Stock

CMS Energy Corporation (NYSE:CMS) SVP Lauren Snyder sold 2,220 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $71.26, for a total value of $158,197.20. Following the transaction, the senior vice president directly owned 13,512 shares of the company’s stock, valued at approximately $962,865.12. This represents a 14.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CMS Energy Trading Up 0.3%

NYSE CMS opened at $70.89 on Wednesday. The firm has a market capitalization of $21.22 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 2.63 and a beta of 0.39. The business’s 50-day moving average price is $72.01 and its two-hundred day moving average price 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. CMS Energy Corporation has a 12 month low of $63.97 and a 12 month high of $76.45.

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

CMS Energy Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CMS shares. Barclays increased their price objective on shares of CMS Energy from $77.00 to $78.00 and gave the stock 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 report on Monday, July 7th. Wall Street Zen lowered CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Finally, Morgan Stanley reissued an “outperform” rating on shares of CMS Energy in a research note on Thursday, August 21st. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and a consensus price target of $77.25.

Institutional Investors Weigh In On CMS Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. boosted its position in shares of CMS Energy by 34.4% during the 2nd quarter. Osaic Holdings Inc. now owns 39,694 shares of the utilities provider’s stock worth $2,788,000 after purchasing an additional 10,168 shares in the last quarter. Orion Porfolio Solutions LLC raised its stake in CMS Energy by 27.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 47,577 shares of the utilities provider’s stock worth $3,296,000 after buying an additional 10,212 shares during the period. Squarepoint Ops LLC boosted its holdings in CMS Energy by 53.7% in the second quarter. Squarepoint Ops LLC now owns 123,279 shares of the utilities provider’s stock worth $8,541,000 after acquiring an additional 43,062 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH acquired a new stake in CMS Energy in the second quarter valued at approximately $820,000. Finally, Cim LLC grew its stake in CMS Energy by 4.3% in the second quarter. Cim LLC now owns 18,886 shares of the utilities provider’s stock valued at $1,308,000 after acquiring an additional 772 shares during the period. 93.57% of the stock is owned by institutional investors.

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.