8,757 Shares in CMS Energy Corporation $CMS Bought by United Services Automobile Association

Key Points

• United Services Automobile Association acquired a new position in CMS Energy, buying 8,757 shares valued at approximately $650,000 during the first quarter.
• CMS Energy reported earnings of $0.71 per share in its recent quarterly results, exceeding expectations and reflecting a 14.4% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.5425 per share, with a yield of 3.1%, and a payout ratio of 64.20%.

United Services Automobile Association bought a new stake in CMS Energy Corporation (NYSE:CMS - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 8,757 shares of the utilities provider's stock, valued at approximately $650,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMS. Bison Wealth LLC acquired a new position in shares of CMS Energy during the 4th quarter worth about $312,000. Cetera Investment Advisers boosted its holdings in CMS Energy by 7.7% in the 4th quarter. Cetera Investment Advisers now owns 33,991 shares of the utilities provider's stock valued at $2,265,000 after purchasing an additional 2,440 shares during the period. Ethic Inc. acquired a new stake in CMS Energy in the 4th quarter worth $336,000. Focus Partners Wealth increased its holdings in shares of CMS Energy by 23.3% during the 4th quarter. Focus Partners Wealth now owns 31,725 shares of the utilities provider's stock worth $2,115,000 after purchasing an additional 6,003 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of CMS Energy by 12.7% during the fourth quarter. Janus Henderson Group PLC now owns 539,887 shares of the utilities provider's stock valued at $35,988,000 after buying an additional 60,684 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Price Performance

Shares of CMS traded down $0.03 during mid-day trading on Friday, hitting $71.65. 1,911,124 shares of the company traded hands, compared to its average volume of 1,833,979. The business has a 50-day moving average of $72.09 and a 200 day moving average of $71.79. 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 capitalization of $21.45 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 2.66 and a beta of 0.39. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last issued 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. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The company's revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, equities analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were paid 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 presently 64.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CMS shares. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Morgan Stanley reissued an "outperform" rating on shares of CMS Energy in a research report on Thursday, August 21st. 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 research note on Tuesday, July 22nd. Finally, Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $77.25.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Lauren Y. Snyder sold 2,220 shares of the stock in a transaction dated Friday, September 5th. The stock was 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 in the company, valued at $962,865.12. This represents a 14.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $147,240.00. Following the transaction, the senior vice president owned 68,036 shares in the company, valued at $5,008,810.32. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

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.