Logan Capital Management Inc. Sells 5,275 Shares of CMS Energy Corporation $CMS

Key Points

• Logan Capital Management Inc. has reduced its stake in CMS Energy Corporation by 7.4%, selling 5,275 shares, and now holds 65,907 shares valued at approximately $4.95 million.
• Several large investors have entered positions in CMS Energy, with over 93.57% of the stock owned by institutional investors, including notable increases like AlphaQuest LLC's 285.5% rise in holdings.
• CMS Energy recently declared a quarterly dividend of $0.5425 per share, indicating an annualized yield of 3.1% and a payout ratio of 64.20%.

Logan Capital Management Inc. trimmed its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 7.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,907 shares of the utilities provider's stock after selling 5,275 shares during the period. Logan Capital Management Inc.'s holdings in CMS Energy were worth $4,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CMS. Price T Rowe Associates Inc. MD raised its holdings in shares of CMS Energy by 16.1% during the 1st 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 in the last quarter. Nuveen LLC purchased a new stake in shares of CMS Energy during the 1st quarter worth approximately $106,745,000. Zimmer Partners LP purchased a new stake in shares of CMS Energy during the 4th quarter worth approximately $89,173,000. GAMMA Investing LLC increased its position in shares of CMS Energy by 8,733.7% during the 1st quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider's stock valued at $76,110,000 after purchasing an additional 1,001,838 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of CMS Energy by 72.9% during the 1st quarter. Lord Abbett & CO. LLC now owns 2,302,338 shares of the utilities provider's stock valued at $172,929,000 after purchasing an additional 970,510 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company'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 transaction, the senior vice president owned 68,036 shares of the company's stock, valued at $5,008,810.32. This represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Lauren Y. Snyder sold 2,220 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $71.26, for a total value 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

CMS Energy Trading Down 0.0%

CMS Energy stock traded down $0.03 during mid-day trading on Friday, hitting $71.65. The company's stock had a trading volume of 1,911,124 shares, compared to its average volume of 1,804,959. The company has a 50 day moving average of $72.09 and a 200-day moving average of $71.77. The stock has a market cap of $21.45 billion, a PE ratio of 21.20, a P/E/G ratio of 2.66 and a beta of 0.39. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The company 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%.CMS Energy's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, research 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. Shareholders 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 of this dividend was Friday, August 8th. CMS Energy's dividend payout ratio is 64.20%.

Analyst Ratings Changes

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