Segment Wealth Management LLC Grows Position in CMS Energy Corporation $CMS

Segment Wealth Management LLC increased its position in shares of CMS Energy Corporation (NYSE:CMS) by 23.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,180 shares of the utilities provider’s stock after buying an additional 1,172 shares during the quarter. Segment Wealth Management LLC’s holdings in CMS Energy were worth $428,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in CMS Energy by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 38,341,416 shares of the utilities provider’s stock worth $2,879,824,000 after buying an additional 166,328 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in CMS Energy by 16.1% during the 1st 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 buying an additional 2,297,928 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in CMS Energy by 20.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,483,585 shares of the utilities provider’s stock worth $336,762,000 after buying an additional 753,173 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in CMS Energy by 29.8% during the 1st 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 period. Finally, Northern Trust Corp lifted its position in CMS Energy by 1.3% during the 1st 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 period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMS. Wolfe Research reaffirmed a “peer perform” rating on shares of CMS Energy in a research report on Monday, July 7th. Wall Street Zen cut CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Morgan Stanley decreased their price objective on CMS Energy from $73.00 to $71.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Barclays increased their price objective on CMS Energy from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a research report on Saturday, September 27th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $77.36.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Friday, August 8th. The stock was sold at an average price of $73.62, for a total transaction of $147,240.00. Following the completion of the transaction, the senior vice president directly owned 68,036 shares of the company’s stock, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Lauren Y. Snyder sold 2,220 shares of CMS Energy stock in a transaction on Friday, September 5th. The stock was sold at an average price of $71.26, for a total value of $158,197.20. Following the transaction, the senior vice president directly 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. Insiders own 0.40% of the company’s stock.

CMS Energy Stock Up 0.7%

CMS opened at $72.35 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. The business has a 50 day simple moving average of $72.14 and a 200-day simple moving average of $71.63. The stock has a market capitalization of $21.66 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.69 and a beta of 0.40. CMS Energy Corporation has a 12 month low of $63.97 and a 12 month high of $76.45.

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

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, August 8th. CMS Energy’s dividend payout ratio (DPR) 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.