Tortoise Capital Advisors L.L.C. Acquires 98,071 Shares of CMS Energy Corporation $CMS

Key Points

• Tortoise Capital Advisors L.L.C. increased its holdings in CMS Energy Corporation by 27.3% during the first quarter, now owning 457,809 shares valued at approximately $34.39 million.
• A range of institutional investors, including Summit Financial LLC and Norinchukin Bank, have also raised their stakes in CMS Energy, indicating strong investor interest in the company.
• CMS Energy has announced a quarterly dividend of $0.5425 per share, representing an annual yield of 3.0% based on current share prices.

Tortoise Capital Advisors L.L.C. lifted its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 27.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 457,809 shares of the utilities provider's stock after buying an additional 98,071 shares during the quarter. CMS Energy makes up 0.4% of Tortoise Capital Advisors L.L.C.'s holdings, making the stock its 23rd largest holding. Tortoise Capital Advisors L.L.C. owned 0.15% of CMS Energy worth $34,386,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky boosted its position in shares of CMS Energy by 4.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,064 shares of the utilities provider's stock worth $1,732,000 after acquiring an additional 893 shares during the last quarter. Private Trust Co. NA lifted its position in CMS Energy by 14.4% during the first quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider's stock valued at $110,000 after purchasing an additional 185 shares during the last quarter. Vontobel Holding Ltd. grew its stake in shares of CMS Energy by 9.4% in the 1st quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider's stock worth $350,000 after buying an additional 400 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of CMS Energy by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider's stock worth $2,629,000 after buying an additional 950 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in shares of CMS Energy by 32.6% in the 1st quarter. Cerity Partners LLC now owns 34,681 shares of the utilities provider's stock worth $2,605,000 after buying an additional 8,536 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on CMS. Morgan Stanley set a $71.00 price target on shares of CMS Energy and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Evercore ISI increased their price target on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a report on Monday, April 28th. Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Finally, BMO Capital Markets increased their target price on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $77.25.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's 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 transaction, the senior vice president owned 68,036 shares of the company's stock, valued at $5,008,810.32. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.49% of the stock is owned by corporate insiders.

CMS Energy Trading Up 0.4%

CMS stock traded up $0.3130 during trading on Friday, hitting $73.0930. The company had a trading volume of 1,807,168 shares, compared to its average volume of 2,458,383. The firm has a market capitalization of $21.88 billion, a P/E ratio of 21.63, a PEG ratio of 2.72 and a beta of 0.36. CMS Energy Corporation has a 52-week low of $63.97 and a 52-week high of $76.45. The company has a 50 day simple moving average of $71.47 and a 200-day simple moving average of $71.67. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93.

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

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be paid a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 8th. CMS Energy's dividend payout ratio (DPR) is currently 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.