CMS Energy Corporation $CMS Shares Sold by Logan Capital Management Inc.

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. lessened its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 7.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,907 shares of the utilities provider's stock after selling 5,275 shares during the quarter. Logan Capital Management Inc.'s holdings in CMS Energy were worth $4,950,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. AlphaQuest LLC increased its stake in CMS Energy by 285.5% during the first quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock worth $34,000 after acquiring an additional 334 shares during the last quarter. WPG Advisers LLC acquired a new stake in CMS Energy during the 1st quarter worth approximately $47,000. Bernard Wealth Management Corp. acquired a new stake in CMS Energy during the 1st quarter worth approximately $72,000. NBC Securities Inc. purchased a new position in CMS Energy in the first quarter valued at approximately $75,000. Finally, Grove Bank & Trust lifted its position in 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 buying an additional 671 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Stock Down 0.0%

CMS stock traded down $0.03 during mid-day trading on Friday, hitting $71.65. 1,911,124 shares of the company were exchanged, compared to its average volume of 2,422,668. The firm has a fifty day simple moving average of $72.07 and a 200 day simple moving average of $71.80. The company has a market capitalization of $21.45 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.65 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 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 (NYSE:CMS - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the company earned $0.66 earnings per share. CMS Energy's quarterly revenue was up 14.4% on a year-over-year basis. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, research analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, August 8th. CMS Energy's dividend payout ratio (DPR) is presently 64.20%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the 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 completion of the transaction, 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 filing with the SEC, which is available at 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 sale, the senior vice president 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. Insiders own 0.40% of the company's stock.

About CMS Energy

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.