CMS Energy Corporation $CMS Shares Acquired by Energy Income Partners LLC

Key Points

• Energy Income Partners LLC increased its stake in CMS Energy Corporation by 3.5%, purchasing 21,164 additional shares, which brings its total ownership to approximately 632,895 shares.
• CMS Energy reported $0.71 EPS for the most recent quarter, exceeding analysts' expectations of $0.67, and had a revenue of $1.84 billion, up 14.4% year-over-year.
• The company recently declared a quarterly dividend of $0.5425 per share, with a current dividend yield of 3.0% and a payout ratio of 64.20%.

Energy Income Partners LLC increased its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 3.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 632,895 shares of the utilities provider's stock after purchasing an additional 21,164 shares during the period. Energy Income Partners LLC owned 0.21% of CMS Energy worth $47,537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky lifted its position in CMS Energy by 4.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 23,064 shares of the utilities provider's stock worth $1,732,000 after buying an additional 893 shares during the last quarter. Private Trust Co. NA lifted its position in CMS Energy by 14.4% in the 1st quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider's stock worth $110,000 after buying an additional 185 shares during the last quarter. Vontobel Holding Ltd. lifted its position in CMS Energy by 9.4% in the 1st quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider's stock worth $350,000 after buying an additional 400 shares during the last quarter. State of Alaska Department of Revenue lifted its position in CMS Energy by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider's stock worth $2,629,000 after buying an additional 950 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in CMS Energy by 32.6% in the 1st quarter. Cerity Partners LLC now owns 34,681 shares of the utilities provider's stock worth $2,605,000 after buying an additional 8,536 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $73.62, for a total transaction of $147,240.00. Following the sale, 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 can be accessed through this link. Company insiders own 0.49% of the company's stock.

CMS Energy Stock Up 0.4%

CMS stock traded up $0.29 during midday trading on Wednesday, hitting $71.45. The stock had a trading volume of 1,936,770 shares, compared to its average volume of 2,087,368. The firm has a market cap of $21.39 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 2.66 and a beta of 0.39. The business has a 50-day moving average of $71.87 and a two-hundred day moving average of $71.77. CMS Energy Corporation has a 52-week low of $63.97 and a 52-week high of $76.45. 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 (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.68 billion. During the same period in the prior year, the firm posted $0.66 EPS. The firm's quarterly 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. As a group, equities research analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently announced 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. This represents a $2.17 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, August 8th. CMS Energy's dividend payout ratio (DPR) is 64.20%.

Wall Street Analysts Forecast Growth

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

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.