CMS Energy Corporation $CMS Stake Boosted by Alliancebernstein L.P.

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. grew its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 25.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 430,375 shares of the utilities provider's stock after buying an additional 88,393 shares during the quarter. Alliancebernstein L.P. owned 0.14% of CMS Energy worth $32,325,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CMS. AlphaQuest LLC boosted its stake in shares of CMS Energy by 285.5% during the 1st quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock valued at $34,000 after buying an additional 334 shares during the last quarter. WPG Advisers LLC bought a new position in CMS Energy during the first quarter worth $47,000. Bernard Wealth Management Corp. bought a new position in CMS Energy during the first quarter worth $72,000. NBC Securities Inc. bought a new position in CMS Energy during the first quarter worth $75,000. Finally, Grove Bank & Trust lifted 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 purchasing an additional 671 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CMS shares. Wolfe Research restated a "peer perform" rating on shares of CMS Energy in a research note on Monday, July 7th. Barclays raised their price objective on CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Wall Street Zen cut CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Finally, Morgan Stanley reiterated an "outperform" rating on shares of CMS Energy in a research note on Thursday, August 21st. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $77.25.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $73.62, for a total transaction of $147,240.00. Following the transaction, the senior vice president directly owned 68,036 shares of the company's stock, valued at $5,008,810.32. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Lauren Y. Snyder sold 2,220 shares of CMS Energy 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 transaction, 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 disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

CMS Energy Stock Performance

Shares of CMS traded up $0.15 during trading hours on Friday, reaching $71.82. 845,416 shares of the company's stock traded hands, compared to its average volume of 2,416,302. The firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 2.65 and a beta of 0.39. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. CMS Energy Corporation has a twelve month low of $63.97 and a twelve month high of $76.45. The business's fifty day simple moving average is $72.07 and its two-hundred day simple moving average is $71.80.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 12.07% and a net margin of 12.76%.The company's quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

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

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.