CMS Energy Corporation $CMS Holdings Trimmed by Prosperity Financial Group Inc.

Prosperity Financial Group Inc. reduced its position in shares of CMS Energy Corporation (NYSE:CMS) by 5.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,957 shares of the utilities provider’s stock after selling 159 shares during the period. Prosperity Financial Group Inc.’s holdings in CMS Energy were worth $205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Teachers Retirement System of The State of Kentucky raised its position in CMS Energy by 4.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,064 shares of the utilities provider’s stock valued at $1,732,000 after buying an additional 893 shares during the period. Private Trust Co. NA increased its holdings in shares of CMS Energy by 14.4% in the 1st quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 185 shares during the period. Vontobel Holding Ltd. lifted its position in shares of CMS Energy by 9.4% in the first quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider’s stock worth $350,000 after purchasing an additional 400 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of CMS Energy by 503.4% during the first quarter. Jane Street Group LLC now owns 175,804 shares of the utilities provider’s stock worth $13,205,000 after purchasing an additional 146,667 shares during the period. Finally, Cerity Partners LLC boosted its holdings in shares of CMS Energy by 32.6% during the first quarter. Cerity Partners LLC now owns 34,681 shares of the utilities provider’s stock worth $2,605,000 after purchasing an additional 8,536 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $73.62, for a total value of $147,240.00. Following the transaction, the senior vice president directly owned 68,036 shares of the company’s stock, valued at $5,008,810.32. The trade was a 2.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Lauren Y. Snyder sold 2,220 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $71.26, for a total value of $158,197.20. Following the completion of the sale, the senior vice president directly owned 13,512 shares of the company’s stock, valued at $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 Upgrades and Downgrades

Several research analysts have weighed in on CMS shares. Morgan Stanley increased their target price on shares of CMS Energy from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wall Street Zen raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. KeyCorp upped their target price on CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, October 8th. Finally, Barclays boosted their price target on CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.82.

CMS Energy Stock Performance

CMS opened at $75.12 on Thursday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. The company has a market cap of $22.48 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.84 and a beta of 0.40. The stock has a 50-day moving average of $72.35 and a 200-day moving average of $71.68. CMS Energy Corporation has a 52-week low of $63.97 and a 52-week high of $76.45.

CMS Energy (NYSE:CMS) last posted its earnings results 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 firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the company earned $0.66 EPS. The company’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. As a group, equities research analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be paid a $0.5425 dividend. The ex-dividend date is Friday, November 7th. This represents a $2.17 dividend on an annualized basis and a yield of 2.9%. CMS Energy’s dividend payout ratio (DPR) is presently 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.