Catalyst Capital Advisors LLC Cuts Stock Holdings in CMS Energy Corporation $CMS

Catalyst Capital Advisors LLC decreased its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 13.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 907 shares of the utilities provider’s stock after selling 146 shares during the period. Catalyst Capital Advisors LLC’s holdings in CMS Energy were worth $63,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CMS. 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 purchasing an additional 334 shares during the period. Trust Co. of Vermont increased its position in CMS Energy by 127.7% during the 2nd quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 300 shares during the period. WPG Advisers LLC bought a new stake in shares of CMS Energy in the 1st quarter valued at about $47,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of CMS Energy in the 2nd quarter valued at about $58,000. Finally, TD Private Client Wealth LLC bought a new stake in shares of CMS Energy in the 1st quarter valued at about $82,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CMS shares. Wolfe Research restated a “peer perform” rating on shares of CMS Energy in a report on Monday, July 7th. Wall Street Zen upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. KeyCorp raised their price target on shares of CMS Energy from $76.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Weiss Ratings restated a “buy (b-)” rating on shares of CMS Energy in a report on Friday. Finally, Morgan Stanley raised their price target on shares of CMS Energy from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.82.

CMS Energy Stock Up 0.2%

CMS stock opened at $74.71 on Friday. The firm has a 50 day moving average of $72.44 and a 200 day moving average of $71.75. The stock has a market capitalization of $22.36 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.85 and a beta of 0.40. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93. CMS Energy Corporation has a 52 week low of $63.97 and a 52 week high of $76.45.

CMS Energy (NYSE:CMS) last released its 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 company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. CMS Energy’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the business earned $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Sell-side analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be paid a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, November 7th. CMS Energy’s payout ratio is presently 64.20%.

Insider Buying and Selling at CMS Energy

In other news, SVP Lauren Y. Snyder sold 2,220 shares of the company’s 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 sale, the senior vice president directly owned 13,512 shares of the company’s stock, valued at $962,865.12. This represents a 14.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction on Friday, August 8th. The shares were 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 directly 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. 0.40% of the stock is owned by corporate insiders.

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.