CMS Energy Corporation $CMS Shares Acquired by Cidel Asset Management Inc.

Key Points

• Cidel Asset Management Inc. increased its stake in CMS Energy Corporation by 16.5%, acquiring an additional 45,715 shares, bringing its total ownership to 322,658 shares.
• CMS Energy reported a quarterly earnings per share (EPS) of $0.71, surpassing analyst estimates of $0.67, alongside a revenue of $1.84 billion that also exceeded expectations.
• The company declared a quarterly dividend of $0.5425 per share, establishing an annualized dividend of $2.17 and a yield of 2.9%, with a dividend payout ratio of 64.20%.

Cidel Asset Management Inc. lifted its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 16.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 322,658 shares of the utilities provider's stock after buying an additional 45,715 shares during the quarter. CMS Energy makes up approximately 1.3% of Cidel Asset Management Inc.'s portfolio, making the stock its 26th biggest position. Cidel Asset Management Inc. owned 0.11% of CMS Energy worth $22,354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sigma Planning Corp grew its position in shares of CMS Energy by 0.4% during the first quarter. Sigma Planning Corp now owns 32,045 shares of the utilities provider's stock worth $2,407,000 after buying an additional 142 shares in the last quarter. Sage Mountain Advisors LLC grew its position in shares of CMS Energy by 4.5% during the first quarter. Sage Mountain Advisors LLC now owns 3,360 shares of the utilities provider's stock worth $252,000 after buying an additional 144 shares in the last quarter. Sumitomo Life Insurance Co. grew its position in shares of CMS Energy by 1.3% during the first quarter. Sumitomo Life Insurance Co. now owns 11,233 shares of the utilities provider's stock worth $844,000 after buying an additional 146 shares in the last quarter. Spire Wealth Management grew its position in shares of CMS Energy by 6.4% during the first quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider's stock worth $191,000 after buying an additional 154 shares in the last quarter. Finally, Nicholson Wealth Management Group LLC grew its position in shares of CMS Energy by 0.7% during the second quarter. Nicholson Wealth Management Group LLC now owns 23,495 shares of the utilities provider's stock worth $1,628,000 after buying an additional 158 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Stock Down 0.0%

CMS opened at $74.72 on Friday. 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 firm has a market cap of $22.37 billion, a P/E ratio of 22.11, a PEG ratio of 2.85 and a beta of 0.40. CMS Energy Corporation has a 52 week low of $63.97 and a 52 week high of $76.45. The business's fifty day simple moving average is $72.24 and its 200 day simple moving average is $71.65.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data 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 business 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 for the quarter was up 14.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, equities research analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were paid a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.9%. CMS Energy's dividend payout ratio (DPR) is presently 64.20%.

Insiders Place Their Bets

In other CMS Energy news, SVP Lauren Y. Snyder sold 2,220 shares of the firm's 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 sale, the senior vice president directly owned 13,512 shares of the company's stock, valued at approximately $962,865.12. This trade represents a 14.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $73.62, for a total value of $147,240.00. Following the completion of the sale, the senior vice president directly owned 68,036 shares in the company, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley dropped their price target on shares of CMS Energy from $73.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Wolfe Research reiterated a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. KeyCorp increased their price objective on CMS Energy from $76.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday. Wall Street Zen upgraded CMS Energy from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Barclays increased their price objective on CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. 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 currently has an average rating of "Moderate Buy" and a consensus price target of $78.00.

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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