Ieq Capital LLC Takes Position in CMS Energy Corporation $CMS

Key Points

• Ieq Capital LLC has invested approximately $1 million in CMS Energy Corporation by acquiring 13,372 shares, highlighting growing interest from institutional investors in the company.
• CMS Energy reported a 14.4% year-over-year revenue increase in its latest quarterly earnings, with an EPS of $0.71, surpassing analyst expectations of $0.67.
• The company has announced a quarterly dividend of $0.5425, representing an annual yield of 3.1% and a dividend payout ratio of 64.20%.

Ieq Capital LLC acquired a new stake in CMS Energy Corporation (NYSE:CMS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,372 shares of the utilities provider's stock, valued at approximately $1,004,000.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of CMS Energy by 0.4% in the first quarter. Vanguard Group Inc. now owns 38,341,416 shares of the utilities provider's stock worth $2,879,824,000 after acquiring an additional 166,328 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of CMS Energy by 16.1% in the first 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 acquiring an additional 2,297,928 shares during the last quarter. Northern Trust Corp boosted its stake in shares of CMS Energy by 1.3% in the first quarter. Northern Trust Corp now owns 3,026,335 shares of the utilities provider's stock worth $227,308,000 after acquiring an additional 39,846 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of CMS Energy by 21.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,624,075 shares of the utilities provider's stock worth $174,895,000 after acquiring an additional 468,233 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of CMS Energy by 72.9% in the first quarter. Lord Abbett & CO. LLC now owns 2,302,338 shares of the utilities provider's stock worth $172,929,000 after acquiring an additional 970,510 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Trading Down 1.0%

Shares of CMS Energy stock traded down $0.74 during trading hours on Monday, hitting $70.81. The company's stock had a trading volume of 86,948 shares, compared to its average volume of 2,429,991. 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 stock has a market cap of $21.19 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 2.66 and a beta of 0.39. CMS Energy Corporation has a twelve month low of $63.97 and a twelve month high of $76.45. The firm has a fifty day moving average of $71.97 and a 200-day moving average of $71.82.

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, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The company's quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Research analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current 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 issued a dividend of $0.5425 per share. The ex-dividend date was Friday, August 8th. This represents a $2.17 annualized dividend and a yield of 3.1%. CMS Energy's dividend payout ratio is 64.20%.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction dated 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 in the company, valued at $5,008,810.32. This represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

CMS Energy 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.