Vestmark Advisory Solutions Inc. Acquires New Holdings in CMS Energy Corporation $CMS

Key Points

• Vestmark Advisory Solutions Inc. has acquired a new stake in CMS Energy Corporation, purchasing 5,746 shares valued at approximately $432,000, as disclosed in a recent SEC filing.
• CMS Energy's quarterly earnings surpassed expectations, with reported earnings per share of $0.71, exceeding the consensus estimate by $0.04, alongside a revenue of $1.84 billion.
• The company declared a quarterly dividend of $0.5425 per share, resulting in an annualized yield of 3.0%, with the ex-dividend date set for August 8th.

Vestmark Advisory Solutions Inc. purchased a new position in CMS Energy Corporation (NYSE:CMS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,746 shares of the utilities provider's stock, valued at approximately $432,000.

Several other hedge funds also recently added to or reduced their stakes in CMS. Optiver Holding B.V. increased its position in CMS Energy by 39.2% during the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after buying an additional 229 shares in the last quarter. Bernard Wealth Management Corp. purchased a new position in CMS Energy in the first quarter valued at $72,000. NBC Securities Inc. acquired a new stake in CMS Energy in the first quarter valued at approximately $75,000. Grove Bank & Trust increased its holdings in CMS Energy by 167.3% in the 1st quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider's stock worth $81,000 after acquiring an additional 671 shares in the last quarter. Finally, TD Private Client Wealth LLC acquired a new position in shares of CMS Energy during the 1st quarter worth about $82,000. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Price Performance

NYSE:CMS traded up $0.3430 during trading hours on Friday, reaching $73.1230. 1,034,252 shares of the company traded hands, compared to its average volume of 2,479,550. The stock has a market cap of $21.89 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.71 and a beta of 0.36. The firm's 50-day moving average is $71.42 and its 200-day moving average is $71.56. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year 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.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly 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. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The business's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Equities research 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 declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be issued a $0.5425 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.17 annualized dividend and a dividend yield of 3.0%. CMS Energy's dividend payout ratio (DPR) is 64.20%.

Analysts Set New Price Targets

CMS has been the topic of a number of recent analyst reports. Morgan Stanley set a $71.00 target price on shares of CMS Energy and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. BMO Capital Markets raised their target price on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Scotiabank reaffirmed an "outperform" rating and set a $81.00 price target (up from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Finally, Wells Fargo & Company boosted their price objective on shares of CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $77.25.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy 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 owned 68,036 shares of the company's stock, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company 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.