Blue Trust Inc. Buys 1,518 Shares of CMS Energy Corporation $CMS

Blue Trust Inc. boosted its stake in shares of CMS Energy Corporation (NYSE:CMS) by 20.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,053 shares of the utilities provider’s stock after buying an additional 1,518 shares during the period. Blue Trust Inc.’s holdings in CMS Energy were worth $627,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AlphaQuest LLC increased its position in CMS Energy by 285.5% during the 1st quarter. AlphaQuest LLC now owns 451 shares of the utilities provider’s stock valued at $34,000 after buying an additional 334 shares in the last quarter. Trust Co. of Vermont raised its stake in shares of CMS Energy by 127.7% in the second quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 300 shares during the last quarter. WPG Advisers LLC purchased a new position in shares of CMS Energy in the first quarter worth $47,000. Grove Bank & Trust raised its stake in shares of CMS Energy by 167.3% in the first quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 671 shares during the last quarter. Finally, TD Private Client Wealth LLC purchased a new position in shares of CMS Energy in the first quarter worth $82,000. Institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wolfe Research restated a “peer perform” rating on shares of CMS Energy in a research note on Monday, July 7th. Weiss Ratings restated a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, October 8th. Morgan Stanley lowered their target price on shares of CMS Energy from $73.00 to $71.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Wall Street Zen cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Finally, Barclays lifted their price objective on CMS Energy from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, July 22nd. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.36.

CMS Energy Stock Performance

Shares of CMS opened at $74.01 on Monday. The firm has a market capitalization of $22.15 billion, a P/E ratio of 21.90, a PEG ratio of 2.83 and a beta of 0.40. 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 business has a fifty day moving average of $72.21 and a 200 day moving average of $71.64. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating 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 return on equity of 12.07% and a net margin of 12.76%.CMS Energy’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, sell-side analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were given a dividend of $0.5425 per share. The ex-dividend date was Friday, August 8th. This represents a $2.17 annualized dividend and a yield of 2.9%. CMS Energy’s payout ratio is 64.20%.

Insider Buying and Selling at CMS Energy

In related news, SVP Lauren Y. Snyder sold 2,220 shares of CMS Energy stock in a transaction on Friday, September 5th. The stock was sold at an average price of $71.26, for a total transaction of $158,197.20. Following the transaction, the senior vice president directly owned 13,512 shares in the company, valued at approximately $962,865.12. The trade was a 14.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction 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 transaction, the senior vice president owned 68,036 shares in the company, valued at $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. 0.49% of the stock is currently owned by insiders.

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.