Venture Visionary Partners LLC Sells 703 Shares of CMS Energy Corporation $CMS

Venture Visionary Partners LLC cut its stake in CMS Energy Corporation (NYSE:CMS) by 18.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,046 shares of the utilities provider’s stock after selling 703 shares during the period. Venture Visionary Partners LLC’s holdings in CMS Energy were worth $229,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CMS. Price T Rowe Associates Inc. MD grew its holdings in shares of CMS Energy by 32.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider’s stock worth $950,227,000 after purchasing an additional 3,486,074 shares during the last quarter. Nuveen LLC bought a new position in CMS Energy during the 1st quarter worth about $106,745,000. Zimmer Partners LP bought a new position in CMS Energy during the 4th quarter worth about $89,173,000. GAMMA Investing LLC grew its holdings in CMS Energy by 8,733.7% during the 1st quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider’s stock worth $76,110,000 after acquiring an additional 1,001,838 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in CMS Energy by 72.9% during the 1st quarter. Lord Abbett & CO. LLC now owns 2,302,338 shares of the utilities provider’s stock worth $172,929,000 after acquiring an additional 970,510 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Evercore ISI increased their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “in-line” rating in a report on Monday, April 28th. BMO Capital Markets increased their target price on shares of CMS Energy from $77.00 to $79.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Barclays increased their target price 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. Wolfe Research reiterated a “peer perform” rating on shares of CMS Energy in a report on Monday, July 7th. Finally, Wall Street Zen cut shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.25.

CMS Energy Stock Performance

CMS stock opened at $72.7730 on Friday. The firm has a market cap of $21.78 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 2.71 and a beta of 0.36. The firm has a 50-day simple moving average of $71.42 and a two-hundred day simple moving average of $71.56. 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.

CMS Energy (NYSE:CMS) last released its quarterly 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. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior 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 forecast that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be given a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 8th. CMS Energy’s dividend payout ratio (DPR) is presently 64.20%.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $73.62, for a total value of $147,240.00. Following the completion of the transaction, the senior vice president directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by insiders.

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.