CMS Energy Corporation $CMS Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its stake in CMS Energy Corporation (NYSE:CMS) by 18.8% in the second quarter, HoldingsChannel reports. The firm owned 5,470 shares of the utilities provider’s stock after acquiring an additional 865 shares during the quarter. Apollon Wealth Management LLC’s holdings in CMS Energy were worth $379,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. AlphaQuest LLC raised its position 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 in the last quarter. Trust Co. of Vermont increased its stake in shares of CMS Energy by 127.7% during the second quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider’s stock worth $37,000 after buying an additional 300 shares during the period. WPG Advisers LLC acquired a new position in CMS Energy during the 1st quarter worth approximately $47,000. TD Private Client Wealth LLC acquired a new position in CMS Energy during the 1st quarter worth approximately $82,000. Finally, Harbour Investments Inc. grew its holdings in CMS Energy by 38.1% during the 1st quarter. Harbour Investments Inc. now owns 1,110 shares of the utilities provider’s stock worth $83,000 after acquiring an additional 306 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Price Performance

Shares of CMS opened at $74.72 on Friday. CMS Energy Corporation has a fifty-two week low of $63.97 and a fifty-two week high of $76.45. The company has a market capitalization of $22.37 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 2.85 and a beta of 0.40. The firm has a 50-day simple moving average of $72.24 and a 200-day simple moving average of $71.67. 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 posted its quarterly earnings data 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 firm had revenue of $1.84 billion during 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%.The firm’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, equities research analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, August 8th. CMS Energy’s dividend payout ratio (DPR) is 64.20%.

Insiders Place Their Bets

In related news, SVP Lauren Y. Snyder sold 2,220 shares of CMS Energy stock in a transaction on Friday, September 5th. The shares were sold at an average price of $71.26, for a total value of $158,197.20. Following the transaction, the senior vice president directly owned 13,512 shares in the company, valued at $962,865.12. This trade represents a 14.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction 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 completion of the sale, 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 disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of CMS Energy from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, October 8th. KeyCorp increased their price objective on CMS Energy from $76.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday. Wall Street Zen raised CMS Energy from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Morgan Stanley lowered their price target on CMS Energy from $73.00 to $71.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

CMS Energy 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.