Vaughan Nelson Investment Management L.P. Reduces Stock Position in CMS Energy Corporation $CMS

Vaughan Nelson Investment Management L.P. reduced its position in shares of CMS Energy Corporation (NYSE:CMS) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 537,619 shares of the utilities provider’s stock after selling 16,381 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in CMS Energy were worth $37,246,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in 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 buying an additional 166,328 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in CMS Energy by 16.1% in 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 buying an additional 2,297,928 shares during the period. Goldman Sachs Group Inc. lifted its holdings in CMS Energy by 20.2% in the first 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in CMS Energy by 29.8% in 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 buying an additional 783,077 shares during the period. Finally, Northern Trust Corp lifted its holdings in CMS Energy by 1.3% in the first quarter. Northern Trust Corp now owns 3,026,335 shares of the utilities provider’s stock worth $227,308,000 after buying an additional 39,846 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Price Performance

Shares of NYSE CMS opened at $72.35 on Friday. CMS Energy Corporation has a fifty-two week low of $63.97 and a fifty-two week high of $76.45. The company has a 50 day simple moving average of $72.14 and a two-hundred day simple moving average of $71.65. The company has a market capitalization of $21.66 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 2.67 and a beta of 0.40. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00.

CMS Energy (NYSE:CMS) last announced its quarterly 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. 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Analysts expect that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were given a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.17 annualized dividend and a dividend yield of 3.0%. CMS Energy’s dividend payout ratio (DPR) is 64.20%.

Insider Activity at CMS Energy

In related news, SVP Lauren Y. Snyder sold 2,220 shares of the firm’s stock in a transaction that occurred 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 owned 13,512 shares of the company’s stock, valued at $962,865.12. This trade represents a 14.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 68,036 shares of the company’s stock, valued at $5,008,810.32. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on CMS. Weiss Ratings restated a “buy (b-)” rating on shares of CMS Energy in a report on Saturday, September 27th. Wall Street Zen lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Barclays raised their price objective on shares of CMS Energy from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, July 22nd. Morgan Stanley decreased 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 note on Thursday, September 25th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of CMS Energy in a research note on Monday, July 7th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.36.

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.