CMS Energy Corporation $CMS Shares Bought by Contravisory Investment Management Inc.

Key Points

• Contravisory Investment Management Inc. increased its stake in CMS Energy by 7.8%, holding a total of 130,819 shares valued at approximately $9 million.
• CMS Energy recently reported a quarterly earnings per share of $0.71, exceeding analyst expectations, with revenue reaching $1.84 billion, a 14.4% increase from the previous year.
• The company declared a quarterly dividend of $0.5425 per share, which represents an annualized yield of 3.1% with a payout ratio of 64.20%.

Contravisory Investment Management Inc. boosted its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 7.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 130,819 shares of the utilities provider's stock after acquiring an additional 9,420 shares during the period. CMS Energy accounts for 1.8% of Contravisory Investment Management Inc.'s portfolio, making the stock its 21st largest position. Contravisory Investment Management Inc.'s holdings in CMS Energy were worth $9,063,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bison Wealth LLC bought a new stake in CMS Energy during the 4th quarter worth about $312,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of CMS Energy by 4.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,271 shares of the utilities provider's stock valued at $2,084,000 after purchasing an additional 1,451 shares during the period. Millennium Management LLC raised its holdings in shares of CMS Energy by 165.5% in the 4th quarter. Millennium Management LLC now owns 320,877 shares of the utilities provider's stock valued at $21,386,000 after purchasing an additional 200,036 shares during the period. Two Sigma Investments LP bought a new stake in shares of CMS Energy in the 4th quarter valued at about $3,404,000. Finally, Two Sigma Advisers LP bought a new stake in shares of CMS Energy in the 4th quarter valued at about $500,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Buying and Selling at CMS Energy

In related news, SVP Lauren Y. Snyder sold 2,220 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $71.26, for a total value of $158,197.20. Following the sale, the senior vice president 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the senior vice president directly owned 68,036 shares of the company's stock, valued at $5,008,810.32. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

CMS Energy Stock Down 0.1%

NYSE:CMS traded down $0.05 on Friday, reaching $70.13. 5,110,562 shares of the stock traded hands, compared to its average volume of 1,724,262. The company has a market capitalization of $20.99 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 2.61 and a beta of 0.39. 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 Corporation has a 12 month low of $63.97 and a 12 month high of $76.45. The company's fifty day simple moving average is $72.14 and its 200 day simple moving average is $71.69.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The firm's revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Equities analysts predict 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. Stockholders of record on Friday, August 8th were given a dividend of $0.5425 per share. The ex-dividend date was Friday, August 8th. This represents a $2.17 annualized dividend and a dividend yield of 3.1%. CMS Energy's dividend payout ratio (DPR) is presently 64.20%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Morgan Stanley restated an "outperform" rating on shares of CMS Energy in a research report on Thursday, August 21st. Barclays increased their target price on shares of CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $77.25.

About CMS Energy

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.