842 Shares in CMS Energy Corporation $CMS Acquired by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd acquired a new position in CMS Energy Corporation (NYSE:CMS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 842 shares of the utilities provider’s stock, valued at approximately $58,000.

A number of other large investors also recently bought and sold shares of CMS. Teachers Retirement System of The State of Kentucky grew its holdings in CMS Energy by 4.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,064 shares of the utilities provider’s stock worth $1,732,000 after purchasing an additional 893 shares during the last quarter. Private Trust Co. NA grew its holdings in CMS Energy by 14.4% in the first quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 185 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in 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 during the last quarter. Jane Street Group LLC grew its holdings in CMS Energy by 503.4% in 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 last quarter. Finally, Cerity Partners LLC grew its holdings in CMS Energy by 32.6% in 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 last quarter. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

CMS has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a report on Friday. Barclays lifted their price target on shares of CMS Energy from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday. Wall Street Zen raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Morgan Stanley boosted their price objective on shares of CMS Energy from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Wolfe Research reissued a “peer perform” rating on shares of CMS Energy in a report on Monday, July 7th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $78.82.

Insiders Place Their Bets

In related news, SVP Lauren Y. Snyder sold 2,220 shares of the business’s stock in a transaction on 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 transaction, the senior vice president directly owned 13,512 shares in the company, valued at $962,865.12. The trade was a 14.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s 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 transaction, the senior vice president owned 68,036 shares of the company’s stock, valued at $5,008,810.32. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

CMS Energy Price Performance

Shares of CMS opened at $74.71 on Friday. The firm has a market capitalization of $22.36 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.85 and a beta of 0.40. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45. The company’s fifty day moving average price is $72.44 and its 200-day moving average price is $71.75.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating 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 net margin of 12.76% and a return on equity of 12.07%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. 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 year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be given a dividend of $0.5425 per share. 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 payout ratio is currently 64.20%.

CMS Energy 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.