Thurston Springer Miller Herd & Titak Inc. Has $2.82 Million Stake in CMS Energy Corporation $CMS

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in CMS Energy Corporation by 13.5%, now owning 40,707 shares valued at approximately $2.82 million.
• CMS Energy reported a quarterly earnings per share (EPS) of $0.71, exceeding analyst expectations of $0.67, with a year-over-year revenue increase of 14.4%.
• The company announced a $0.5425 quarterly dividend, reflecting a dividend yield of 3.0%, with a payout ratio currently at 64.20%.

Thurston Springer Miller Herd & Titak Inc. grew its stake in CMS Energy Corporation (NYSE:CMS - Free Report) by 13.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,707 shares of the utilities provider's stock after purchasing an additional 4,855 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in CMS Energy were worth $2,820,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AlphaQuest LLC grew its position 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 purchasing an additional 334 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of CMS Energy during the 1st quarter valued at about $47,000. Bernard Wealth Management Corp. acquired a new stake in shares of CMS Energy during the 1st quarter valued at about $72,000. NBC Securities Inc. acquired a new stake in shares of CMS Energy during the 1st quarter valued at about $75,000. Finally, Grove Bank & Trust boosted 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 valued at $81,000 after acquiring an additional 671 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Trading Down 0.0%

Shares of NYSE CMS opened at $71.65 on Friday. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45. The company 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 current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The company has a 50-day moving average of $72.09 and a two-hundred day moving average of $71.78.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the firm posted $0.66 earnings per share. The company's 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. As a group, equities analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

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. 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 payout ratio is currently 64.20%.

Wall Street Analysts Forecast Growth

CMS has been the topic of several recent research reports. Wolfe Research reiterated a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Barclays lifted their target price on shares of CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Morgan Stanley reiterated an "outperform" rating on shares of CMS Energy in a research report on Thursday, August 21st. Finally, Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. 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 stock presently has an average rating of "Moderate Buy" and a consensus price target of $77.25.

Insider Transactions at CMS Energy

In related news, SVP Lauren Y. Snyder sold 2,220 shares of the business'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 transaction of $158,197.20. Following the completion of the sale, the senior vice president directly owned 13,512 shares of the company's stock, valued at $962,865.12. The trade was a 14.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction that occurred 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 approximately $5,008,810.32. This trade represents a 2.86% 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.

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.

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