CMS Energy Corporation $CMS Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE reduced its stake in CMS Energy Corporation by 2.5%, owning approximately 0.08% of the company, valued at $15.6 million.
• Multiple institutional investors increased their positions in CMS Energy, with notable increases including AlphaQuest LLC's 285.5% growth.
• CMS Energy has a consensus rating of "Moderate Buy" and a target price of $77.36, alongside a recent quarterly dividend payment of $0.5425 per share.

US Bancorp DE lessened its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 225,138 shares of the utilities provider's stock after selling 5,843 shares during the quarter. US Bancorp DE owned about 0.08% of CMS Energy worth $15,598,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. AlphaQuest LLC grew its position in CMS Energy by 285.5% in the first quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock worth $34,000 after buying an additional 334 shares during the last quarter. Trust Co. of Vermont grew its position in CMS Energy by 127.7% in the second quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider's stock worth $37,000 after buying an additional 300 shares during the last quarter. WPG Advisers LLC acquired a new position in CMS Energy in the 1st quarter worth approximately $47,000. Bernard Wealth Management Corp. acquired a new position in CMS Energy in the 1st quarter worth approximately $72,000. Finally, Grove Bank & Trust boosted its stake in CMS Energy by 167.3% in the 1st quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider's stock worth $81,000 after purchasing an additional 671 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of recent analyst reports. Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a research note on Monday, July 7th. Barclays lifted 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. Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Morgan Stanley decreased their target price on shares of CMS Energy from $73.00 to $71.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CMS Energy in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, CMS Energy has a consensus rating of "Moderate Buy" and a consensus price target of $77.36.

Insider Activity

In other news, SVP Lauren Y. Snyder sold 2,220 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $71.26, for a total transaction of $158,197.20. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $73.62, for a total transaction of $147,240.00. Following the transaction, the senior vice president owned 68,036 shares in the company, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

CMS Energy Stock Up 1.0%

CMS Energy stock opened at $74.01 on Friday. The firm has a market cap of $22.15 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 2.75 and a beta of 0.40. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. CMS Energy Corporation has a fifty-two week low of $63.97 and a fifty-two week high of $76.45. The firm has a fifty day moving average price of $72.21 and a two-hundred day moving average price of $71.65.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The business's revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, analysts forecast 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 was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were issued 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 2.9%. CMS Energy's payout ratio is presently 64.20%.

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.

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