United Services Automobile Association Takes $650,000 Position in CMS Energy Corporation $CMS

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 position in CMS Energy Corporation (NYSE:CMS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,757 shares of the utilities provider's stock, valued at approximately $650,000.

Several other large investors also recently added to or reduced their stakes in CMS. AlphaQuest LLC increased its stake in CMS Energy by 285.5% during the first quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock worth $34,000 after acquiring an additional 334 shares during the last quarter. WPG Advisers LLC bought a new stake in CMS Energy during the first quarter worth approximately $47,000. Bernard Wealth Management Corp. bought a new stake in CMS Energy during the first quarter worth approximately $72,000. NBC Securities Inc. bought a new stake in CMS Energy during the first quarter worth approximately $75,000. Finally, Grove Bank & Trust increased its stake in CMS Energy by 167.3% during the first quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider's stock worth $81,000 after acquiring an additional 671 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $73.62, for a total transaction of $147,240.00. Following the completion of the sale, the senior vice president owned 68,036 shares in the company, valued at approximately $5,008,810.32. This represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Lauren Y. Snyder sold 2,220 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $71.26, for a total value 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. This represents a 14.11% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

CMS Energy Stock Up 0.2%

CMS Energy stock traded up $0.17 during mid-day trading on Monday, reaching $71.85. 285,647 shares of the company were exchanged, compared to its average volume of 2,410,133. The business has a fifty day moving average of $72.09 and a 200 day moving average of $71.77. 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 has a market cap of $21.51 billion, a P/E ratio of 21.24, a PEG ratio of 2.66 and a beta of 0.39. CMS Energy Corporation has a 12-month low of $63.97 and a 12-month high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.CMS Energy's revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Research analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

CMS has been the topic of several analyst reports. Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a research note on Monday, July 7th. Wall Street Zen cut CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Morgan Stanley reaffirmed an "outperform" rating on shares of CMS Energy in a research note on Thursday, August 21st. Finally, Barclays upped their target price on CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.