CMS Energy Corporation $CMS Shares Bought by AlphaQuest LLC

AlphaQuest LLC increased its holdings in CMS Energy Corporation (NYSE:CMS) by 1,969.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,334 shares of the utilities provider’s stock after buying an additional 8,883 shares during the quarter. AlphaQuest LLC’s holdings in CMS Energy were worth $647,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMS. Trust Co. of Vermont grew its stake in shares of CMS Energy by 127.7% during the 2nd 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 period. WPG Advisers LLC acquired a new stake in shares of CMS Energy during the 1st quarter worth approximately $47,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of CMS Energy during the 2nd quarter worth approximately $58,000. TD Private Client Wealth LLC acquired a new stake in shares of CMS Energy during the 1st quarter worth approximately $82,000. Finally, Harbour Investments Inc. grew its stake in shares of 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 purchasing an additional 306 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

CMS has been the topic of a number of analyst reports. KeyCorp raised their price objective on shares of CMS Energy from $76.00 to $79.00 and gave the stock 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. Morgan Stanley lifted their price target on shares of CMS Energy from $71.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Barclays lifted their price target 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.36.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $73.62, for a total value of $147,240.00. Following the sale, the senior vice president directly owned 68,036 shares in the company, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Lauren Y. Snyder sold 2,220 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $71.26, for a total transaction of $158,197.20. Following the completion of the sale, the senior vice president owned 13,512 shares in the company, valued at approximately $962,865.12. This trade represents a 14.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

CMS Energy Price Performance

Shares of NYSE CMS opened at $74.58 on Tuesday. The firm has a 50-day simple moving average of $72.49 and a 200-day simple moving average of $71.78. The stock has a market capitalization of $22.32 billion, a price-to-earnings ratio of 22.06, 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 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. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the firm earned $0.66 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, equities analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

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

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.