Envestnet Portfolio Solutions Inc. Has $6.95 Million Position in CMS Energy Corporation $CMS

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in CMS Energy Corporation by 28.3%, holding 100,337 shares valued at approximately $6.95 million as of the end of the second quarter.
• The company recently reported a quarterly earnings of $0.71 per share, exceeding analysts' expectations of $0.67, with revenue increasing 14.4% year-over-year.
• Insider transactions included SVP Brandon J. Hofmeister selling 2,000 shares at an average price of $73.62, and SVP Lauren Y. Snyder selling 2,220 shares at $71.26, indicating a decrease in their respective stakes.

Envestnet Portfolio Solutions Inc. boosted its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 28.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,337 shares of the utilities provider's stock after purchasing an additional 22,151 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in CMS Energy were worth $6,951,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. AlphaQuest LLC grew its position in CMS Energy by 285.5% in the 1st quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 334 shares during the period. Trust Co. of Vermont grew its position in CMS Energy by 127.7% in the 2nd quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 300 shares during the period. WPG Advisers LLC acquired a new stake in CMS Energy in the 1st quarter valued at $47,000. Grove Bank & Trust grew its position in CMS Energy by 167.3% in the 1st quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider's stock valued at $81,000 after purchasing an additional 671 shares during the period. Finally, TD Private Client Wealth LLC acquired a new stake in CMS Energy in the 1st quarter valued at $82,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Transactions at CMS Energy

In related news, 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 value of $147,240.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $158,197.20. Following the completion of the sale, the senior vice president owned 13,512 shares in the company, valued at $962,865.12. This represents a 14.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Morgan Stanley cut their price objective on shares of CMS Energy from $73.00 to $71.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Barclays lifted their price objective on shares of CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CMS Energy in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, CMS Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.90.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $74.36 on Wednesday. The company's 50-day moving average is $72.19 and its 200 day moving average is $71.65. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. The company has a market capitalization of $22.26 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 2.80 and a beta of 0.40. CMS Energy Corporation has a fifty-two week low of $63.97 and a fifty-two week high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly 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 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 quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, equities research analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

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