MBB Public Markets I LLC Invests $336,000 in CMS Energy Corporation $CMS

Key Points

• MBB Public Markets I LLC acquired 4,467 shares of CMS Energy Corporation valued at approximately $336,000 during the first quarter.
• CMS Energy reported a quarterly EPS of $0.71, exceeding analysts' expectations by $0.04, with quarterly revenue of $1.84 billion, marking a 14.4% increase year-over-year.
• The company announced a quarterly dividend of $0.5425 per share, representing an annualized yield of 3.0% and indicating a payout ratio of 64.20%.

MBB Public Markets I LLC bought a new position in CMS Energy Corporation (NYSE:CMS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,467 shares of the utilities provider's stock, valued at approximately $336,000.

Other institutional investors also recently added to or reduced their stakes in the company. AlphaQuest LLC increased its stake in CMS Energy by 285.5% in the 1st quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock worth $34,000 after buying an additional 334 shares during the period. WPG Advisers LLC bought a new stake in shares of CMS Energy in the 1st quarter valued at about $47,000. Bernard Wealth Management Corp. acquired a new stake in CMS Energy in the 1st quarter worth approximately $72,000. NBC Securities Inc. acquired a new stake in CMS Energy in the 1st quarter worth approximately $75,000. Finally, Grove Bank & Trust lifted its stake in CMS Energy by 167.3% during the 1st 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. Hedge funds and other institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on CMS shares. Barclays lifted their price objective on shares of CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Morgan Stanley reissued an "outperform" rating on shares of CMS Energy in a report on Thursday, August 21st. Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $77.25.

Insider Activity at CMS Energy

In related news, SVP Lauren Y. Snyder sold 2,220 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president owned 13,512 shares of the company's stock, valued at $962,865.12. This trade represents a 14.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $73.62, for a total transaction of $147,240.00. Following the completion of the sale, the senior vice president directly owned 68,036 shares in the company, valued at approximately $5,008,810.32. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

CMS Energy Stock Down 0.0%

Shares of CMS traded down $0.03 during mid-day trading on Friday, hitting $71.65. 1,911,124 shares of the company's stock were exchanged, compared to its average volume of 1,833,979. The company has a market cap of $21.45 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 2.66 and a beta of 0.39. CMS Energy Corporation has a fifty-two week low of $63.97 and a fifty-two week high of $76.45. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. The stock's 50-day moving average is $72.09 and its 200-day moving average is $71.79.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. The business had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The business's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, sell-side analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

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

CMS Energy Company 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.