Alamea Verwaltungs GmbH Makes New Investment in CMS Energy Corporation $CMS

Key Points

• Alamea Verwaltungs GmbH has acquired a new position in CMS Energy Corporation, purchasing 12,112 shares valued at approximately $910,000, making it the firm's 13th largest holding.
• CMS Energy reported earnings of $0.71 per share for the last quarter, exceeding analysts' estimates, with revenue of $1.84 billion, a 14.4% increase year-over-year.
• CMS Energy announced a quarterly dividend of $0.5425 per share, representing an annual yield of 3.0% and a payout ratio of 64.20%.

Alamea Verwaltungs GmbH bought a new position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 12,112 shares of the utilities provider's stock, valued at approximately $910,000. CMS Energy accounts for approximately 0.8% of Alamea Verwaltungs GmbH's holdings, making the stock its 13th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMS. AlphaQuest LLC raised its holdings in shares of CMS Energy by 285.5% in the first quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 334 shares during the last quarter. WPG Advisers LLC acquired a new position in CMS Energy during the first quarter worth $47,000. Bernard Wealth Management Corp. acquired a new position in CMS Energy during the first quarter worth $72,000. NBC Securities Inc. acquired a new position in CMS Energy during the first quarter worth $75,000. Finally, Grove Bank & Trust increased its holdings 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 buying an additional 671 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's 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 completion of the sale, the senior vice president 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 document filed with the SEC, which is available through the SEC website. 0.40% of the stock is owned by corporate insiders.

CMS Energy Trading Up 0.5%

Shares of CMS Energy stock opened at $71.55 on Friday. The firm has a 50-day moving average of $71.75 and a 200-day moving average of $71.74. The stock has a market cap of $21.42 billion, a PE ratio of 21.17, a PEG ratio of 2.66 and a beta of 0.36. CMS Energy Corporation has a 52-week low of $63.97 and a 52-week high of $76.45. 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 - Get Free Report) last announced 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. The company had revenue of $1.84 billion during 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%. CMS Energy's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, sell-side analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were given a dividend of $0.5425 per share. 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%.

Analysts Set New Price Targets

CMS has been the topic of a number of recent analyst reports. Morgan Stanley restated an "outperform" rating on shares of CMS Energy in a report on Thursday, August 21st. Barclays boosted their target price 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. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Wolfe Research restated 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 issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $77.25.

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.

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