Bahl & Gaynor Inc. Has $49.72 Million Holdings in CMS Energy Corporation $CMS

Key Points

• Bahl & Gaynor Inc. increased its holdings in CMS Energy Corporation by 12.2%, now owning approximately $49.72 million worth of shares.
• Several hedge funds have raised their stakes in CMS Energy, with Adage Capital Partners GP L.L.C. notably increasing its position by 4,154.9%.
• CMS Energy reported an earnings per share (EPS) of $0.71, outperforming analyst expectations, and has set a FY 2025 guidance of $3.540 to $3.600 EPS.

Bahl & Gaynor Inc. raised its position in CMS Energy Corporation (NYSE:CMS - Free Report) by 12.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 661,936 shares of the utilities provider's stock after acquiring an additional 72,202 shares during the period. Bahl & Gaynor Inc. owned approximately 0.22% of CMS Energy worth $49,718,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CMS. Dimensional Fund Advisors LP grew its stake in CMS Energy by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,367,975 shares of the utilities provider's stock valued at $91,175,000 after acquiring an additional 54,054 shares during the period. TD Waterhouse Canada Inc. grew its stake in CMS Energy by 46.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,191 shares of the utilities provider's stock valued at $79,000 after acquiring an additional 376 shares during the period. Susquehanna International Group LLP grew its stake in CMS Energy by 24.7% in the fourth quarter. Susquehanna International Group LLP now owns 172,364 shares of the utilities provider's stock valued at $11,488,000 after acquiring an additional 34,114 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in CMS Energy by 7.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 36,496 shares of the utilities provider's stock valued at $2,432,000 after acquiring an additional 2,596 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its stake in CMS Energy by 4,154.9% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 279,161 shares of the utilities provider's stock valued at $18,606,000 after acquiring an additional 272,600 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

Wall Street Analyst Weigh In

CMS has been the subject of a number of research reports. Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a research note on Monday, July 7th. Evercore ISI raised their target price on CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a report on Monday, April 28th. Barclays raised their target price on CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a report on Tuesday, July 22nd. BMO Capital Markets raised their target price on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Finally, Scotiabank restated an "outperform" rating and issued a $81.00 target price (up previously from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, CMS Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.25.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $73.0930 on Friday. The business's fifty day simple moving average is $71.47 and its 200 day simple moving average is $71.61. The firm has a market capitalization of $21.88 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 2.71 and a beta of 0.36. CMS Energy Corporation has a 12 month low of $63.97 and a 12 month high of $76.45. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93.

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 firm 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 business's revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 8th will be paid a $0.5425 dividend. The ex-dividend date is Friday, August 8th. This represents a $2.17 annualized dividend and a dividend yield of 3.0%. CMS Energy's payout ratio is presently 64.20%.

Insider Activity

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $73.62, for a total value of $147,240.00. Following the sale, the senior vice president directly owned 68,036 shares in the company, valued at $5,008,810.32. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by 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.

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