Jump Financial LLC Lowers Stock Holdings in CMS Energy Corporation $CMS

Key Points

• Jump Financial LLC reduced its stock holdings in CMS Energy Corporation by 72.1%, selling 11,224 shares and now owns 4,354 shares valued at approximately $327,000.
• Several institutional investors, including Bison Wealth LLC and Captrust Financial Advisors, have also modified their positions in CMS Energy, contributing to a 93.57% ownership of the stock by institutional investors and hedge funds.
• Analysts have mixed views on CMS Energy, with a recent downgrade from Wall Street Zen and a price target increase from Barclays, reflecting a general sentiment of "Moderate Buy" with an average price target of $77.25.

Jump Financial LLC decreased its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 72.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,354 shares of the utilities provider's stock after selling 11,224 shares during the quarter. Jump Financial LLC's holdings in CMS Energy were worth $327,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky raised its holdings in CMS Energy by 4.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 23,064 shares of the utilities provider's stock worth $1,732,000 after purchasing an additional 893 shares during the period. Private Trust Co. NA raised its holdings in shares of CMS Energy by 14.4% during the first quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider's stock valued at $110,000 after acquiring an additional 185 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of CMS Energy by 9.4% during the first quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider's stock valued at $350,000 after acquiring an additional 400 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of CMS Energy by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider's stock valued at $2,629,000 after acquiring an additional 950 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of CMS Energy by 32.6% during the first quarter. Cerity Partners LLC now owns 34,681 shares of the utilities provider's stock valued at $2,605,000 after acquiring an additional 8,536 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $73.62, for a total transaction of $147,240.00. Following the completion of the transaction, the senior vice president directly owned 68,036 shares in the company, valued at $5,008,810.32. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

CMS Energy Trading Down 0.0%

CMS Energy stock traded down $0.01 during mid-day trading on Friday, hitting $71.53. The company's stock had a trading volume of 1,540,836 shares, compared to its average volume of 2,007,935. The firm has a market capitalization of $21.41 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.66 and a beta of 0.39. CMS Energy Corporation has a 1 year low of $63.97 and a 1 year high of $76.45. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The stock's fifty day moving average is $71.97 and its two-hundred day moving average is $71.81.

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 for the quarter, topping the consensus estimate of $0.67 by $0.04. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The firm's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

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