Rafferty Asset Management LLC Has $2.02 Million Stock Position in CMS Energy Corporation $CMS

Key Points

• Rafferty Asset Management LLC sold 6,651 shares of CMS Energy, reducing its holdings by 19.8%, and now owns 26,886 shares valued at approximately $2,019,000.
• Wall Street analysts have mixed ratings on CMS Energy; Barclays raised its price target to $78.00 while Wall Street Zen downgraded it to a "sell," reflecting a range of opinions on the stock's value.
• CMS Energy reported a quarterly EPS of $0.71, surpassing expectations, and has set FY 2025 guidance at 3.540-3.600 EPS, indicating anticipated growth in earnings.

Rafferty Asset Management LLC lowered its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 19.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 26,886 shares of the utilities provider's stock after selling 6,651 shares during the period. Rafferty Asset Management LLC's holdings in CMS Energy were worth $2,019,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in CMS. AlphaQuest LLC boosted its position in shares of CMS Energy by 285.5% during the 1st quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 334 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of CMS Energy in the 1st quarter valued at approximately $72,000. NBC Securities Inc. acquired a new position in shares of CMS Energy in the 1st quarter worth approximately $75,000. Grove Bank & Trust lifted its position in shares of CMS Energy by 167.3% during the 1st quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider's stock worth $81,000 after buying an additional 671 shares during the period. Finally, TD Private Client Wealth LLC bought a new stake in CMS Energy in the first quarter valued at $82,000. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Trading Down 0.3%

Shares of NYSE:CMS traded down $0.19 during trading on Thursday, hitting $71.33. 707,368 shares of the company's stock were exchanged, compared to its average volume of 2,444,032. 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 firm has a market cap of $21.35 billion, a P/E ratio of 21.10, a PEG ratio of 2.66 and a beta of 0.39. The firm has a 50-day moving average price of $71.87 and a two-hundred day moving average price of $71.77. CMS Energy Corporation has a 1-year low of $63.97 and a 1-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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. The firm 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 revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Equities analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CMS. Barclays lifted their price target on shares of 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 reissued a "peer perform" rating on shares of CMS Energy in a research note on Monday, July 7th. Finally, Morgan Stanley reiterated an "outperform" rating on shares of CMS Energy in a research report on Thursday, August 21st. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average 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 business'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 transaction, the senior vice president owned 68,036 shares in the company, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is owned by corporate insiders.

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.