USA Financial Formulas Buys New Shares in CMS Energy Corporation $CMS

USA Financial Formulas bought a new stake in CMS Energy Corporation (NYSE:CMS) in the second quarter, HoldingsChannel reports. The fund bought 13,218 shares of the utilities provider’s stock, valued at approximately $916,000.

A number of other institutional investors have also recently bought and sold shares of CMS. Bison Wealth LLC purchased a new stake in CMS Energy in the fourth quarter valued at approximately $312,000. Two Sigma Advisers LP acquired a new position in CMS Energy during the fourth quarter valued at approximately $500,000. Parallel Advisors LLC lifted its position in CMS Energy by 20.2% during the first quarter. Parallel Advisors LLC now owns 3,552 shares of the utilities provider’s stock valued at $267,000 after buying an additional 597 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in CMS Energy by 25.7% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,559 shares of the utilities provider’s stock valued at $418,000 after buying an additional 1,138 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in CMS Energy by 7.3% during the first quarter. Rhumbline Advisers now owns 680,682 shares of the utilities provider’s stock valued at $51,126,000 after buying an additional 46,487 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Trading Down 1.2%

NYSE CMS opened at $72.36 on Thursday. The company’s fifty day simple moving average is $72.17 and its 200-day simple moving average is $71.67. CMS Energy Corporation has a 52 week low of $63.97 and a 52 week 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 stock has a market cap of $21.66 billion, a P/E ratio of 21.41, a PEG ratio of 2.72 and a beta of 0.40.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Equities research analysts predict that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were issued 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 currently 64.20%.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $73.62, for a total value 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 represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Lauren Y. Snyder sold 2,220 shares of the business’s stock in a transaction 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 sale, the senior vice president owned 13,512 shares of the company’s stock, valued at approximately $962,865.12. The trade was 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.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CMS. Barclays lifted their price target on shares of CMS Energy from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, July 22nd. Wall Street Zen cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Morgan Stanley reduced their price target on shares of CMS Energy from $73.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of CMS Energy in a research report on Monday, July 7th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and an average target price of $77.36.

CMS Energy Company 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.