Graham Capital Management L.P. Buys 60,978 Shares of CMS Energy Corporation $CMS

Key Points

• Graham Capital Management L.P. increased its stake in CMS Energy Company by 76.5% in the first quarter, owning a total of 140,669 shares worth approximately $10.57 million.
• CMS Energy reported $1.84 billion in revenue for the most recent quarter, exceeding analysts' expectations, and achieved an EPS of $0.71.
• The company announced a quarterly dividend of $0.5425 per share, translating to a 3.0% yield, with a payout ratio of 64.20%.

Graham Capital Management L.P. increased its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 76.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 140,669 shares of the utilities provider's stock after purchasing an additional 60,978 shares during the quarter. Graham Capital Management L.P.'s holdings in CMS Energy were worth $10,566,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the company. AlphaQuest LLC increased 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 acquiring an additional 334 shares in the last quarter. WPG Advisers LLC acquired a new stake in shares of CMS Energy in the 1st quarter valued at approximately $47,000. Bernard Wealth Management Corp. bought a new position in shares of CMS Energy during the first quarter valued at $72,000. NBC Securities Inc. bought a new stake in shares of CMS Energy in the 1st quarter valued at $75,000. Finally, Grove Bank & Trust boosted its holdings in CMS Energy by 167.3% during the 1st quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider's stock worth $81,000 after acquiring an additional 671 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on CMS. Barclays increased their price target on shares of CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research report 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 reaffirmed an "outperform" rating on shares of CMS Energy in a report on Thursday, August 21st. Finally, Wolfe Research reaffirmed 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $77.25.

CMS Energy Stock Performance

NYSE CMS traded down $0.12 during trading on Friday, hitting $71.42. The company's stock had a trading volume of 686,495 shares, compared to its average volume of 2,438,518. The firm has a 50 day moving average price of $71.92 and a 200 day moving average price of $71.79. 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 firm has a market cap of $21.38 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 2.66 and a beta of 0.39. CMS Energy Corporation has a 52 week low of $63.97 and a 52 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 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 firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same period in the prior year, the firm posted $0.66 earnings per share. The business'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. 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 business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were issued a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, August 8th. CMS Energy's payout ratio is 64.20%.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $73.62, for a total value of $147,240.00. Following the transaction, the senior vice president owned 68,036 shares of the company's stock, valued at approximately $5,008,810.32. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by insiders.

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.