Beck Bode LLC Reduces Stake in CMS Energy Corporation $CMS

Beck Bode LLC decreased its position in shares of CMS Energy Corporation (NYSE:CMS) by 0.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 248,188 shares of the utilities provider’s stock after selling 615 shares during the period. CMS Energy accounts for 3.5% of Beck Bode LLC’s holdings, making the stock its 4th biggest position. Beck Bode LLC’s holdings in CMS Energy were worth $18,641,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CMS. Susquehanna International Group LLP lifted its position in CMS Energy by 24.7% during the fourth quarter. Susquehanna International Group LLP now owns 172,364 shares of the utilities provider’s stock valued at $11,488,000 after acquiring an additional 34,114 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in CMS Energy by 8.2% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,824 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 365 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in shares of CMS Energy in the fourth quarter worth $256,000. Quarry LP raised its holdings in shares of CMS Energy by 36.5% in the fourth quarter. Quarry LP now owns 1,118 shares of the utilities provider’s stock worth $75,000 after buying an additional 299 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in shares of CMS Energy in the fourth quarter worth $1,924,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CMS. Barclays raised their price target 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. Wolfe Research reaffirmed a “peer perform” rating on shares of CMS Energy in a report on Monday, July 7th. Wall Street Zen cut shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Finally, Morgan Stanley reaffirmed an “outperform” rating on shares of CMS Energy in a report on Thursday, August 21st. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.25.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $73.62, for a total transaction of $147,240.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is owned by company insiders.

CMS Energy Stock Up 0.2%

CMS stock opened at $72.22 on Thursday. The firm has a market cap of $21.62 billion, a PE ratio of 21.37, a P/E/G ratio of 2.68 and a beta of 0.36. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. The firm’s fifty day moving average is $71.65 and its 200 day moving average is $71.70. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45.

CMS Energy (NYSE:CMS) last announced its 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. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the business earned $0.66 earnings per share. The company’s revenue for the quarter 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. On average, research analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a yield of 3.0%. CMS Energy’s payout ratio is 64.20%.

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.