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Laura Wright, a director at CMS Energy Corp (NYSE:CMS), a $21.2 billion utility company known for its consistent dividend growth and low volatility, has recently sold a portion of her holdings in the company. According to InvestingPro data, CMS trades near its 52-week high with a P/E ratio of 21.2x and offers a 3.1% dividend yield. According to a filing with the Securities and Exchange Commission, Wright disposed of 2,500 shares of CMS Energy common stock on February 19, 2025. The shares were sold at prices ranging from $69.84 to $69.845, generating total proceeds of $174,609. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 8 additional key insights available to subscribers.
Following these transactions, Wright retains ownership of 38,790 shares of CMS Energy. The filing also notes an adjustment of 147 additional shares acquired through dividend reinvestment. This transaction reflects Wright’s ongoing management of her investment portfolio within CMS Energy, a company that has maintained dividend payments for 19 consecutive years and raised them for the past 18 years.
In other recent news, CMS Energy reported fourth-quarter earnings that aligned with analyst expectations, though revenue fell short. The company announced adjusted earnings per share of $0.87 for the quarter, meeting forecasts, while revenue reached $1.99 billion, below the expected $2.11 billion. CMS Energy also raised its 2025 earnings guidance to a range of $3.54 to $3.60 per share, slightly above prior estimates. Barclays (LON:BARC) analyst Nicholas Campanella upgraded CMS Energy’s stock rating from Equalweight to Overweight, raising the price target to $75.00 due to potential earnings growth from energy efficiency and renewable energy initiatives in Michigan. Campanella highlighted opportunities for the company to earn above the allowed return on equity, potentially adding $60 million annually to earnings. Additionally, CMS Energy announced an increase in its quarterly dividend to 54.25 cents per share, translating to an annualized yield of about 3.2 percent. This marks the 19th consecutive year of dividend increases, reflecting the company’s commitment to its strategic objectives. CEO Garrick Rochow emphasized operational improvements, including restoring power to 93% of customers within 24 hours and securing over 360 megawatts of new load.
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