Allstate Corp Has $1.38 Million Position in CMS Energy Corporation $CMS

Key Points

• Allstate Corp significantly increased its stake in CMS Energy by 98.5%, owning 18,335 shares valued at $1.37 million according to its latest SEC filing.
• CMS Energy reported a quarterly EPS of $0.71, surpassing estimates and achieving a 14.4% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.5425 per share, representing an annualized yield of 3.0% with a dividend payout ratio of 64.20%.

Allstate Corp boosted its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 98.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,335 shares of the utilities provider's stock after purchasing an additional 9,098 shares during the period. Allstate Corp's holdings in CMS Energy were worth $1,377,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Optiver Holding B.V. grew its position in CMS Energy by 39.2% during the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 229 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of CMS Energy during the 1st quarter worth $72,000. NBC Securities Inc. bought a new stake in shares of CMS Energy during the 1st quarter worth $75,000. Grove Bank & Trust boosted its holdings in shares of CMS Energy by 167.3% during the 1st 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 period. Finally, TD Private Client Wealth LLC bought a new stake in shares of CMS Energy during the 1st quarter worth $82,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

CMS Energy Price Performance

Shares of CMS stock traded up $0.42 during mid-day trading on Friday, reaching $71.63. The company's stock had a trading volume of 364,835 shares, compared to its average volume of 2,454,358. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45. The firm's 50-day moving average is $71.70 and its two-hundred day moving average is $71.71. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. The company has a market cap of $21.44 billion, a P/E ratio of 21.19, a PEG ratio of 2.68 and a beta of 0.36.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The company's revenue was up 14.4% on a year-over-year basis. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, research analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a yield of 3.0%. CMS Energy's dividend payout ratio is currently 64.20%.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $73.62, for a total value of $147,240.00. Following the transaction, the senior vice president owned 68,036 shares of the company's stock, valued at approximately $5,008,810.32. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.40% of the company's stock.

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.