FORA Capital LLC Makes New Investment in CMS Energy Corporation $CMS

FORA Capital LLC bought a new position in shares of CMS Energy Corporation (NYSE:CMS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,396 shares of the utilities provider’s stock, valued at approximately $781,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky raised its position in CMS Energy by 4.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,064 shares of the utilities provider’s stock worth $1,732,000 after acquiring an additional 893 shares during the last quarter. Private Trust Co. NA raised its position in CMS Energy by 14.4% during the first quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 185 shares during the last quarter. Vontobel Holding Ltd. raised its position in CMS Energy by 9.4% during the first quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider’s stock worth $350,000 after acquiring an additional 400 shares during the last quarter. State of Alaska Department of Revenue raised its position in CMS Energy by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider’s stock worth $2,629,000 after acquiring an additional 950 shares during the last quarter. Finally, Cerity Partners LLC raised its position in CMS Energy by 32.6% during the first quarter. Cerity Partners LLC now owns 34,681 shares of the utilities provider’s stock worth $2,605,000 after acquiring an additional 8,536 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Price Performance

CMS Energy stock opened at $72.22 on Thursday. CMS Energy Corporation has a 1 year low of $63.97 and a 1 year high of $76.45. The firm has a 50 day moving average price of $71.65 and a 200 day moving average price of $71.70. The company has a market cap of $21.62 billion, a price-to-earnings ratio of 21.37, a PEG 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.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. CMS Energy’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. Sell-side analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

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

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’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 value of $147,240.00. Following the completion of the sale, the senior vice president directly owned 68,036 shares in the company, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Barclays boosted their price objective 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. Wolfe Research reissued a “peer perform” rating on shares of CMS Energy in a research report on Monday, July 7th. Finally, Morgan Stanley reissued an “outperform” rating on shares of CMS Energy in a research report on Thursday, August 21st. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.25.

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.