Strs Ohio Buys New Shares in CMS Energy Corporation $CMS

Key Points

• Strs Ohio has made a significant investment in CMS Energy Corporation, acquiring 543,671 shares valued at approximately $40.8 million during the first quarter.
• CMS Energy reported an EPS of $0.71 for the last quarter, surpassing the analyst expectations of $0.67, with a revenue increase of 14.4% year-over-year.
• The company declared a quarterly dividend of $0.5425, yielding 3.0%, with a payout ratio of 64.20% currently.

Strs Ohio bought a new position in CMS Energy Corporation (NYSE:CMS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 543,671 shares of the utilities provider's stock, valued at approximately $40,835,000. Strs Ohio owned 0.18% of CMS Energy at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CMS. Sigma Planning Corp increased its holdings in shares of CMS Energy by 0.4% during the 1st quarter. Sigma Planning Corp now owns 32,045 shares of the utilities provider's stock worth $2,407,000 after purchasing an additional 142 shares during the period. Sage Mountain Advisors LLC increased its holdings in shares of CMS Energy by 4.5% during the 1st quarter. Sage Mountain Advisors LLC now owns 3,360 shares of the utilities provider's stock worth $252,000 after purchasing an additional 144 shares during the period. Sumitomo Life Insurance Co. increased its holdings in shares of CMS Energy by 1.3% during the 1st quarter. Sumitomo Life Insurance Co. now owns 11,233 shares of the utilities provider's stock worth $844,000 after purchasing an additional 146 shares during the period. Spire Wealth Management increased its holdings in shares of CMS Energy by 6.4% during the 1st quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider's stock worth $191,000 after purchasing an additional 154 shares during the period. Finally, Nicholson Wealth Management Group LLC increased its holdings in shares of CMS Energy by 0.8% during the 1st quarter. Nicholson Wealth Management Group LLC now owns 23,337 shares of the utilities provider's stock worth $1,753,000 after purchasing an additional 174 shares during the period. Institutional investors own 93.57% of the company's stock.

CMS Energy Trading Down 2.0%

NYSE:CMS traded down $1.42 during trading hours on Tuesday, hitting $70.16. The stock had a trading volume of 817,966 shares, compared to its average volume of 2,415,064. CMS Energy Corporation has a one year low of $63.97 and a one year 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 company has a market cap of $21.00 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 2.66 and a beta of 0.39. The business's 50 day moving average is $72.13 and its 200-day moving average is $71.76.

CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the firm earned $0.66 earnings per share. The business'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. Sell-side analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were given a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.17 annualized dividend and a dividend yield of 3.1%. CMS Energy's dividend payout ratio is currently 64.20%.

Insider Buying and Selling at CMS Energy

In other news, SVP Lauren Y. Snyder sold 2,220 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $71.26, for a total transaction of $158,197.20. Following the completion of the sale, the senior vice president owned 13,512 shares of the company's stock, valued at $962,865.12. This 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 at this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the 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 sale, the senior vice president directly 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 disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CMS. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Barclays upped their target price 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 research note on Thursday, August 21st. Finally, Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a research note on Monday, July 7th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.25.

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.