EntryPoint Capital LLC Makes New Investment in CMS Energy Corporation $CMS

Key Points

• EntryPoint Capital LLC has acquired 6,978 shares of CMS Energy Corporation, marking a new investment valued at approximately $524,000 during the first quarter.
• CMS Energy reported earnings of $0.71 per share for the last quarter, exceeding analysts' expectations by $0.04 and showcasing a revenue increase of 14.4% year-over-year.
• The company recently announced a quarterly dividend of $0.5425 per share, with a yield of 3.0%, set to be paid on August 29th.

EntryPoint Capital LLC purchased a new position in CMS Energy Corporation (NYSE:CMS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,978 shares of the utilities provider's stock, valued at approximately $524,000.

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

CMS Energy Price Performance

CMS opened at $73.0580 on Wednesday. The stock has a fifty day simple moving average of $71.32 and a two-hundred day simple moving average of $71.51. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The company has a market cap of $21.87 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.68 and a beta of 0.36. CMS Energy Corporation has a 12-month low of $63.97 and a 12-month high of $76.45.

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. 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 during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the company earned $0.66 earnings per share. The firm's quarterly revenue was up 14.4% compared to the same quarter last year. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Research analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

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

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $73.62, for a total value of $147,240.00. Following the sale, the senior vice president directly owned 68,036 shares of the company's stock, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays boosted their target price on CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Morgan Stanley set a $71.00 target price on CMS Energy and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Wells Fargo & Company boosted their target price on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Scotiabank restated an "outperform" rating and set a $81.00 price target (up from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Finally, Wall Street Zen downgraded CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.

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