Ieq Capital LLC Makes New $1 Million Investment 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 position in CMS Energy Corporation (NYSE:CMS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,372 shares of the utilities provider's stock, valued at approximately $1,004,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AlphaQuest LLC boosted its stake in CMS Energy by 285.5% in the first quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock worth $34,000 after purchasing an additional 334 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in CMS Energy in the first quarter worth $72,000. NBC Securities Inc. acquired a new position in shares of CMS Energy during the first quarter valued at $75,000. Grove Bank & Trust lifted its stake in shares of CMS Energy by 167.3% during the first quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider's stock valued at $81,000 after acquiring an additional 671 shares during the period. Finally, TD Private Client Wealth LLC acquired a new position in shares of CMS Energy during the first quarter valued at $82,000. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Stock Down 0.0%

Shares of NYSE:CMS traded down $0.01 during mid-day trading on Friday, reaching $71.53. 1,540,836 shares of the stock were exchanged, compared to its average volume of 2,007,935. 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 company has a market cap of $21.41 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.66 and a beta of 0.39. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45. The stock's 50 day simple moving average is $71.97 and its 200-day simple moving average is $71.81.

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. The business had revenue of $1.84 billion during 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%.CMS Energy's quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, equities research analysts predict that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were paid a $0.5425 dividend. The ex-dividend date was Friday, August 8th. This represents a $2.17 annualized dividend and a yield of 3.0%. CMS Energy's payout ratio is 64.20%.

Insider Transactions at CMS Energy

In related 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 completion of the sale, the senior vice president directly owned 68,036 shares in the company, valued at $5,008,810.32. The trade was a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on CMS. Morgan Stanley reaffirmed an "outperform" rating on shares of CMS Energy in a research note on Thursday, August 21st. Wall Street Zen downgraded CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Wolfe Research reiterated a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Finally, Barclays upped their price objective on CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a report on Tuesday, July 22nd. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock 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.