Trust Co. of Vermont Buys 300 Shares of CMS Energy Corporation $CMS

Trust Co. of Vermont raised its stake in CMS Energy Corporation (NYSE:CMS) by 127.7% during the second quarter, HoldingsChannel.com reports. The fund owned 535 shares of the utilities provider’s stock after acquiring an additional 300 shares during the quarter. Trust Co. of Vermont’s holdings in CMS Energy were worth $37,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CMS. Vanguard Group Inc. grew its holdings in shares of CMS Energy by 0.4% during 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 last quarter. Price T Rowe Associates Inc. MD grew its holdings 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 purchasing an additional 2,297,928 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings 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 purchasing an additional 753,173 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 purchasing an additional 783,077 shares during the last quarter. Finally, Northern Trust Corp grew its holdings 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 purchasing an additional 39,846 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

CMS Energy Trading Up 0.7%

NYSE:CMS opened at $72.35 on Friday. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45. The business’s 50-day moving average price is $72.14 and its two-hundred day moving average price is $71.65. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $21.66 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.67 and a beta of 0.40.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The company’s quarterly revenue was up 14.4% on a year-over-year basis. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, equities analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders 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 yield of 3.0%. CMS Energy’s dividend payout ratio is presently 64.20%.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $73.62, for a total transaction of $147,240.00. Following the sale, the senior vice president owned 68,036 shares of the company’s stock, valued at $5,008,810.32. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Lauren Y. Snyder sold 2,220 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $71.26, for a total value of $158,197.20. Following 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.

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.