Sumitomo Mitsui Trust Group Inc. Has $52.51 Million Stake in CMS Energy Corporation $CMS

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of CMS Energy Corporation (NYSE:CMS) by 3.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 757,923 shares of the utilities provider’s stock after purchasing an additional 28,470 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in CMS Energy were worth $52,509,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of CMS Energy by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 38,341,416 shares of the utilities provider’s stock valued at $2,879,824,000 after acquiring an additional 166,328 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 valued at $1,243,438,000 after acquiring an additional 2,297,928 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of 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 valued at $336,762,000 after acquiring an additional 753,173 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of 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 valued at $255,911,000 after acquiring an additional 783,077 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of CMS Energy by 1.3% during the 1st quarter. Northern Trust Corp now owns 3,026,335 shares of the utilities provider’s stock valued at $227,308,000 after acquiring an additional 39,846 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Performance

CMS stock opened at $74.58 on Tuesday. The stock has a 50-day moving average price of $72.49 and a 200-day moving average price of $71.78. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45. 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 cap of $22.32 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.85 and a beta of 0.40.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the company posted $0.66 EPS. The firm’s 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. As a group, equities research analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The company 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 $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, November 7th. CMS Energy’s payout ratio is presently 64.20%.

Analyst Upgrades and Downgrades

CMS has been the topic of several recent research reports. Wall Street Zen raised CMS Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday, October 8th. Barclays lifted their target price on CMS Energy from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Morgan Stanley lifted their target price on CMS Energy from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Finally, KeyCorp lifted their target price on CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and an average price target of $78.36.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $73.62, for a total value of $147,240.00. Following the completion of the sale, the senior vice president directly owned 68,036 shares of the company’s stock, valued at $5,008,810.32. The trade was a 2.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Lauren Y. Snyder sold 2,220 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $71.26, for a total value of $158,197.20. Following the completion of the sale, the senior vice president directly owned 13,512 shares of the company’s stock, valued at $962,865.12. The trade was a 14.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% 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.