Trust Co. of Toledo NA OH Takes $320,000 Position in CMS Energy Corporation $CMS

Trust Co. of Toledo NA OH purchased a new stake in shares of CMS Energy Corporation (NYSE:CMS) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 4,613 shares of the utilities provider’s stock, valued at approximately $320,000.

A number of other large investors have also added to or reduced their stakes in the company. Inspire Investing LLC grew its holdings in CMS Energy by 7.0% during the 2nd quarter. Inspire Investing LLC now owns 32,568 shares of the utilities provider’s stock valued at $2,256,000 after purchasing an additional 2,129 shares in the last quarter. Croban grew its holdings in CMS Energy by 1.2% during the 2nd quarter. Croban now owns 14,056 shares of the utilities provider’s stock valued at $974,000 after purchasing an additional 167 shares in the last quarter. Blue Trust Inc. grew its holdings in CMS Energy by 20.1% during the 2nd quarter. Blue Trust Inc. now owns 9,053 shares of the utilities provider’s stock valued at $627,000 after purchasing an additional 1,518 shares in the last quarter. Ramirez Asset Management Inc. grew its holdings in CMS Energy by 36.1% during the 2nd quarter. Ramirez Asset Management Inc. now owns 24,204 shares of the utilities provider’s stock valued at $1,677,000 after purchasing an additional 6,423 shares in the last quarter. Finally, Callan Family Office LLC acquired a new stake in CMS Energy during the 2nd quarter valued at $427,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $73.62, for a total value of $147,240.00. Following the sale, the senior vice president directly owned 68,036 shares in the company, valued at $5,008,810.32. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $158,197.20. Following the completion of the sale, the senior vice president owned 13,512 shares in the company, valued at approximately $962,865.12. This represents a 14.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CMS. Wall Street Zen lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Morgan Stanley decreased their price objective on shares of CMS Energy from $73.00 to $71.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Barclays raised their price objective on shares of CMS Energy from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, July 22nd. Wolfe Research reaffirmed a “peer perform” rating on shares of CMS Energy in a report on Monday, July 7th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.36.

CMS Energy Trading Up 1.0%

NYSE CMS opened at $74.01 on Friday. The firm has a market capitalization of $22.15 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.75 and a beta of 0.40. The company has a 50-day simple moving average of $72.21 and a 200-day simple moving average of $71.65. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00.

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. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. CMS Energy’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, equities analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors 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 annualized dividend and a yield of 2.9%. CMS Energy’s dividend payout ratio (DPR) is currently 64.20%.

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.