Alliancebernstein L.P. Purchases 88,393 Shares of CMS Energy Corporation $CMS

Key Points

• Alliancebernstein L.P. has increased its stake in CMS Energy Corporation by 25.8%, holding about $32.33 million worth of shares after purchasing an additional 88,393 shares in the first quarter.
• CMS Energy reported a quarterly earnings per share of $0.71, surpassing estimates, and achieved a year-over-year revenue increase of 14.4%, totaling $1.84 billion.
• The company's recent dividend was $0.5425 per share, representing an annual yield of 3.1%, with a payout ratio of 64.20% as of August.

Alliancebernstein L.P. boosted its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 25.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 430,375 shares of the utilities provider's stock after acquiring an additional 88,393 shares during the period. Alliancebernstein L.P. owned 0.14% of CMS Energy worth $32,325,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in CMS Energy by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 38,341,416 shares of the utilities provider's stock valued at $2,879,824,000 after acquiring an additional 166,328 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in CMS Energy by 16.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,554,877 shares of the utilities provider's stock worth $1,243,438,000 after buying an additional 2,297,928 shares during the last quarter. Northern Trust Corp raised its holdings in CMS Energy by 1.3% in the first quarter. Northern Trust Corp now owns 3,026,335 shares of the utilities provider's stock worth $227,308,000 after buying an additional 39,846 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in CMS Energy by 21.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,624,075 shares of the utilities provider's stock worth $174,895,000 after buying an additional 468,233 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in CMS Energy by 72.9% in the first quarter. Lord Abbett & CO. LLC now owns 2,302,338 shares of the utilities provider's stock worth $172,929,000 after buying an additional 970,510 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Barclays lifted 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. Morgan Stanley reaffirmed an "outperform" rating on shares of CMS Energy in a report on Thursday, August 21st. Finally, Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.25.

Insider Activity at CMS Energy

In related news, SVP Lauren Y. Snyder sold 2,220 shares of the business's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $71.26, for a total transaction of $158,197.20. Following the completion of the sale, the senior vice president directly owned 13,512 shares in the company, valued at approximately $962,865.12. The trade was a 14.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $147,240.00. Following the sale, the senior vice president owned 68,036 shares of the company's stock, valued at $5,008,810.32. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

CMS Energy Stock Performance

Shares of CMS stock traded down $0.03 during trading hours on Friday, reaching $71.65. The company had a trading volume of 1,911,124 shares, compared to its average volume of 1,833,979. The business has a fifty day moving average price of $72.09 and a 200-day moving average price of $71.78. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45. The firm has a market cap of $21.45 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.66 and a beta of 0.39. 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 the consensus estimate 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 net margin of 12.76% and a return on equity of 12.07%. The firm's quarterly revenue was up 14.4% compared to the same quarter last year. During the same period 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. Sell-side analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently announced 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. This represents a $2.17 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, August 8th. 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.