Mather Group LLC. Purchases 4,160 Shares of CMS Energy Corporation $CMS

Mather Group LLC. grew its position in CMS Energy Corporation (NYSE:CMS) by 53.6% in the second quarter, HoldingsChannel.com reports. The firm owned 11,922 shares of the utilities provider’s stock after acquiring an additional 4,160 shares during the period. Mather Group LLC.’s holdings in CMS Energy were worth $826,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of CMS Energy by 0.4% in the first quarter. Vanguard Group Inc. now owns 38,341,416 shares of the utilities provider’s stock worth $2,879,824,000 after purchasing an additional 166,328 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of CMS Energy by 16.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,554,877 shares of the utilities provider’s stock worth $1,243,438,000 after acquiring an additional 2,297,928 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of CMS Energy by 20.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,483,585 shares of the utilities provider’s stock worth $336,762,000 after acquiring an additional 753,173 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of CMS Energy by 29.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,407,152 shares of the utilities provider’s stock worth $255,911,000 after acquiring an additional 783,077 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of CMS Energy by 1.3% during the first quarter. Northern Trust Corp now owns 3,026,335 shares of the utilities provider’s stock worth $227,308,000 after acquiring an additional 39,846 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CMS has been the subject of a number of research reports. Morgan Stanley dropped their target price on shares of CMS Energy from $73.00 to $71.00 and set an “equal weight” rating for the company in a research report on Thursday. Barclays upped their target price 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. Wall Street Zen lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Finally, Wolfe Research restated a “peer perform” rating on shares of CMS Energy in a research report on Monday, July 7th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.25.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction 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 sale, the senior vice president owned 68,036 shares of the company’s stock, valued at approximately $5,008,810.32. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Lauren Y. Snyder sold 2,220 shares of the 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 sale, the senior vice president directly owned 13,512 shares in the company, valued at approximately $962,865.12. This represents a 14.11% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Price Performance

CMS stock opened at $70.96 on Friday. CMS Energy Corporation has a 52 week low of $63.97 and a 52 week high of $76.45. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93. The company has a fifty day simple moving average of $72.18 and a two-hundred day simple moving average of $71.65. The firm has a market capitalization of $21.24 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 2.66 and a beta of 0.39.

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

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were paid a $0.5425 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.17 annualized dividend and a dividend yield of 3.1%. CMS Energy’s dividend 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.