FORA Capital LLC Purchases Shares of 10,396 CMS Energy Corporation $CMS

Key Points

• FORA Capital LLC invested approximately $781,000 in CMS Energy Corporation by acquiring 10,396 shares during the first quarter, as noted in a recent SEC filing.
• CMS Energy reported a 14.4% increase in revenue compared to the same quarter last year, with earnings per share (EPS) of $0.71, surpassing analysts' estimates of $0.67.
• The company recently announced a quarterly dividend of $0.5425 per share, which translates to an annual yield of 3.0%, with the ex-dividend date set for August 8th.

FORA Capital LLC bought a new stake in CMS Energy Corporation (NYSE:CMS - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,396 shares of the utilities provider's stock, valued at approximately $781,000.

A number of other hedge funds also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of CMS Energy by 16.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,554,877 shares of the utilities provider's stock worth $1,243,438,000 after buying an additional 2,297,928 shares during the period. Nuveen LLC acquired a new stake in CMS Energy during the first quarter worth approximately $106,745,000. Zimmer Partners LP bought a new stake in shares of CMS Energy during the fourth quarter worth approximately $89,173,000. GAMMA Investing LLC grew its position in shares of CMS Energy by 8,733.7% in the first quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider's stock valued at $76,110,000 after purchasing an additional 1,001,838 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in CMS Energy by 72.9% in the 1st quarter. Lord Abbett & CO. LLC now owns 2,302,338 shares of the utilities provider's stock valued at $172,929,000 after buying an additional 970,510 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Price Performance

Shares of CMS opened at $71.11 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93. The stock has a market cap of $21.29 billion, a PE ratio of 21.04, a PEG ratio of 2.66 and a beta of 0.39. CMS Energy Corporation has a 12-month low of $63.97 and a 12-month high of $76.45. The business has a 50-day simple moving average of $71.81 and a two-hundred day simple moving average of $71.77.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the business earned $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. Analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, August 8th. CMS Energy's payout ratio is 64.20%.

Insider Activity

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 value of $147,240.00. Following the transaction, the senior vice president directly owned 68,036 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on CMS. Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Barclays increased their price target on CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of CMS Energy in a report on Thursday, August 21st. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company 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.