Jane Street Group LLC Acquires 146,667 Shares of CMS Energy Corporation $CMS

Key Points

• Jane Street Group LLC acquired an additional 146,667 shares of CMS Energy Corporation, increasing its ownership to 175,804 shares and reflecting a 503.4% increase during the first quarter.
• CMS Energy reported a quarterly EPS of $0.71, surpassing analysts' expectations, and showed a 14.4% increase in revenue year-over-year, totaling $1.84 billion.
• The company's latest dividend payment was $0.5425 per share, translating to an annual yield of 3.0%, with a payout ratio of 64.20%.

Jane Street Group LLC increased its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 503.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,804 shares of the utilities provider's stock after acquiring an additional 146,667 shares during the quarter. Jane Street Group LLC owned about 0.06% of CMS Energy worth $13,205,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC lifted its stake in CMS Energy by 285.5% in the first quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock valued at $34,000 after buying an additional 334 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of CMS Energy in the first quarter worth $47,000. Bernard Wealth Management Corp. bought a new stake in shares of CMS Energy in the first quarter worth $72,000. NBC Securities Inc. bought a new stake in shares of CMS Energy in the first quarter worth $75,000. Finally, Grove Bank & Trust lifted its position in shares of CMS Energy by 167.3% in the first quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider's stock worth $81,000 after purchasing an additional 671 shares in the last quarter. Institutional investors 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 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 directly owned 68,036 shares of the company's stock, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $71.26, for a total transaction of $158,197.20. Following the completion of the transaction, the senior vice president directly owned 13,512 shares in the company, valued at $962,865.12. This trade represents a 14.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Barclays upped their price target on shares of 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 research report on Thursday, August 21st. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $77.25.

CMS Energy Stock Performance

Shares of CMS stock opened at $71.64 on Tuesday. The firm has a market capitalization of $21.44 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.66 and a beta of 0.39. The firm has a fifty day simple moving average of $72.13 and a two-hundred day simple moving average of $71.76. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. CMS Energy Corporation has a 12 month low of $63.97 and a 12 month high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. CMS Energy's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently disclosed 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. This represents a $2.17 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, August 8th. CMS Energy's payout ratio is currently 64.20%.

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.

Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Corporation (NYSE:CMS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.