CMS Energy Corporation $CMS is Bruce & Co. Inc.'s 10th Largest Position

Key Points

• Bruce & Co. Inc. sold 60,000 shares of CMS Energy, reducing its stake by 21% to 226,000 shares, making it the 10th largest position within its portfolio.
• Several institutional investors have recently modified their holdings in CMS Energy, with Optiver Holding B.V. increasing its stake by 39.2% in the fourth quarter.
• The company's stock recently experienced a price target upgrade from Wells Fargo, raising it from $78.00 to $82.00, maintaining an "overweight" rating.

Bruce & Co. Inc. lowered its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 21.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 226,000 shares of the utilities provider's stock after selling 60,000 shares during the period. CMS Energy comprises 5.4% of Bruce & Co. Inc.'s holdings, making the stock its 10th largest position. Bruce & Co. Inc. owned approximately 0.08% of CMS Energy worth $16,975,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Optiver Holding B.V. raised its stake in shares of CMS Energy by 39.2% during the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after purchasing an additional 229 shares during the period. Bernard Wealth Management Corp. purchased a new stake in CMS Energy during the first quarter worth about $72,000. Quarry LP raised its position in CMS Energy by 36.5% in the fourth quarter. Quarry LP now owns 1,118 shares of the utilities provider's stock worth $75,000 after acquiring an additional 299 shares during the period. NBC Securities Inc. purchased a new position in CMS Energy in the first quarter valued at about $75,000. Finally, TD Waterhouse Canada Inc. boosted 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 last quarter. Institutional investors own 93.57% of the company's stock.

Analysts Set New Price Targets

CMS has been the subject of several research analyst reports. Evercore ISI raised their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research note on Monday, April 28th. Scotiabank reissued an "outperform" rating and set a $81.00 price objective (up from $77.00) on shares of CMS Energy in a report on Friday, April 25th. BMO Capital Markets raised their target price on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Wall Street Zen cut CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Wells Fargo & Company increased their price target on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, CMS Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.25.

Insider Buying and Selling

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by insiders.

CMS Energy Price Performance

CMS traded up $0.3130 during trading on Friday, reaching $73.0930. 1,807,168 shares of the company were exchanged, compared to its average volume of 2,469,819. CMS Energy Corporation has a 12-month low of $63.97 and a 12-month high of $76.45. The company's 50-day moving average is $71.47 and its two-hundred day moving average is $71.64. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93. The company has a market cap of $21.88 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 2.72 and a beta of 0.36.

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, beating analysts' consensus estimates of $0.67 by $0.04. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the firm earned $0.66 EPS. The company's quarterly revenue was up 14.4% compared to the same quarter last year. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Research analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

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 yield of 3.0%. CMS Energy's dividend payout ratio is currently 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.