Wealthfront Advisers LLC Lowers Stock Holdings in CMS Energy Corporation $CMS

Wealthfront Advisers LLC trimmed its position in CMS Energy Corporation (NYSE:CMS) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,626 shares of the utilities provider’s stock after selling 404 shares during the quarter. Wealthfront Advisers LLC owned approximately 0.06% of CMS Energy worth $11,890,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MQS Management LLC purchased a new stake in shares of CMS Energy in the second quarter worth about $241,000. State of New Jersey Common Pension Fund D lifted its holdings in shares of CMS Energy by 0.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 78,720 shares of the utilities provider’s stock worth $5,454,000 after buying an additional 320 shares in the last quarter. Sage Mountain Advisors LLC lifted its holdings in shares of CMS Energy by 25.4% in the second quarter. Sage Mountain Advisors LLC now owns 4,215 shares of the utilities provider’s stock worth $292,000 after buying an additional 855 shares in the last quarter. Moment Partners LLC raised its stake in CMS Energy by 3.8% in the second quarter. Moment Partners LLC now owns 5,014 shares of the utilities provider’s stock valued at $347,000 after purchasing an additional 182 shares in the last quarter. Finally, AlphaQuest LLC raised its stake in CMS Energy by 1,969.6% in the second quarter. AlphaQuest LLC now owns 9,334 shares of the utilities provider’s stock valued at $647,000 after purchasing an additional 8,883 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Trading Up 0.2%

CMS stock opened at $74.71 on Monday. The company 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. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45. The company’s 50 day moving average price is $72.44 and its two-hundred day moving average price is $71.75. 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 results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th will be issued a $0.5425 dividend. The ex-dividend date is Friday, November 7th. This represents a $2.17 annualized dividend and a dividend yield of 2.9%. CMS Energy’s dividend payout ratio (DPR) is currently 64.20%.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s 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 transaction, the senior vice president owned 68,036 shares in the company, valued at approximately $5,008,810.32. This trade represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Lauren Y. Snyder sold 2,220 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 13,512 shares in the company, valued at $962,865.12. This represents a 14.11% decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CMS has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a research note on Friday. Barclays raised their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. KeyCorp raised their target price on shares of CMS Energy from $76.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Wall Street Zen raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of CMS Energy in a research note on Monday, July 7th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.82.

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.