Chevy Chase Trust Holdings LLC Buys 1,291 Shares of CMS Energy Corporation $CMS

Chevy Chase Trust Holdings LLC grew its stake in shares of CMS Energy Corporation (NYSE:CMS) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 157,996 shares of the utilities provider’s stock after acquiring an additional 1,291 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of CMS Energy worth $10,946,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CMS. Bison Wealth LLC bought a new stake in shares of CMS Energy during the fourth quarter worth approximately $312,000. GAMMA Investing LLC boosted its holdings in shares of CMS Energy by 17.6% during the first quarter. GAMMA Investing LLC now owns 13,491 shares of the utilities provider’s stock worth $1,013,000 after acquiring an additional 2,020 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of CMS Energy by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider’s stock worth $2,629,000 after acquiring an additional 950 shares during the period. Blue Trust Inc. boosted its holdings in shares of CMS Energy by 22.3% during the first quarter. Blue Trust Inc. now owns 7,535 shares of the utilities provider’s stock worth $566,000 after acquiring an additional 1,374 shares during the period. Finally, HWG Holdings LP bought a new stake in shares of CMS Energy during the first quarter worth approximately $98,000. Institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CMS. Weiss Ratings reissued a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday, October 8th. Wolfe Research reissued a “peer perform” rating on shares of CMS Energy in a report on Monday, July 7th. KeyCorp boosted their price objective on shares of CMS Energy from $76.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday. Wall Street Zen raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Barclays boosted their price objective on shares of CMS Energy from $77.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, July 22nd. Eight 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were 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. The trade was a 2.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Lauren Y. Snyder sold 2,220 shares of the company’s stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $74.72 on Monday. The firm has a 50 day moving average of $72.24 and a 200-day moving average of $71.62. The stock has a market capitalization of $22.37 billion, a PE ratio of 22.11, a PEG ratio of 2.85 and a beta of 0.40. 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 earnings results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, equities research analysts predict that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

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.