USA Financial Formulas Buys Shares of 13,218 CMS Energy Corporation $CMS

Key Points

• USA Financial Formulas acquired a new stake in CMS Energy Corporation by purchasing 13,218 shares valued at approximately $916,000 during the second quarter.
• Several institutional investors have increased their holdings in CMS Energy, with 93.57% of the stock currently owned by such investors and hedge funds.
• CMS Energy announced a quarterly dividend of $0.5425 per share, representing an annualized dividend of $2.17 and a yield of 3.0%.

USA Financial Formulas bought a new stake in CMS Energy Corporation (NYSE:CMS - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,218 shares of the utilities provider's stock, valued at approximately $916,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AlphaQuest LLC boosted its holdings in CMS Energy by 285.5% in the 1st quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 334 shares during the last quarter. Trust Co. of Vermont lifted its holdings in shares of CMS Energy by 127.7% in the 2nd quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider's stock worth $37,000 after acquiring an additional 300 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of CMS Energy in the 1st quarter worth approximately $47,000. Bernard Wealth Management Corp. acquired a new position in shares of CMS Energy in the 1st quarter worth approximately $72,000. Finally, NBC Securities Inc. acquired a new position in shares of CMS Energy in the 1st quarter worth approximately $75,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CMS Energy

In other news, SVP Lauren Y. Snyder sold 2,220 shares of CMS Energy stock in a transaction dated 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 in the company, valued at $962,865.12. The trade was a 14.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated 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 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.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CMS. Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Wolfe Research restated a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Barclays upped their price objective on shares of CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Finally, Morgan Stanley decreased their price objective on shares of CMS Energy from $73.00 to $71.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $77.36.

CMS Energy Stock Performance

Shares of NYSE CMS opened at $72.36 on Thursday. The company has a market cap of $21.66 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.72 and a beta of 0.40. CMS Energy Corporation has a 12 month low of $63.97 and a 12 month high of $76.45. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. The company has a 50-day simple moving average of $72.17 and a 200-day simple moving average of $71.67.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The business had revenue of $1.84 billion during 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 company's quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, equities analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were issued a dividend of $0.5425 per share. The ex-dividend date 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 64.20%.

About CMS Energy

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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