CMS Energy Corporation $CMS Shares Sold by Prosperity Financial Group Inc.

Prosperity Financial Group Inc. cut its stake in CMS Energy Corporation (NYSE:CMS) by 5.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,957 shares of the utilities provider’s stock after selling 159 shares during the period. Prosperity Financial Group Inc.’s holdings in CMS Energy were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CMS. Bison Wealth LLC bought a new position in shares of CMS Energy during the fourth quarter worth about $312,000. GAMMA Investing LLC boosted its stake in CMS Energy by 17.6% during the 1st quarter. GAMMA Investing LLC now owns 13,491 shares of the utilities provider’s stock valued at $1,013,000 after purchasing an additional 2,020 shares during the period. Continuum Advisory LLC grew its position in CMS Energy by 14.4% in the 1st quarter. Continuum Advisory LLC now owns 3,971 shares of the utilities provider’s stock worth $298,000 after purchasing an additional 499 shares during the last quarter. Asset Management One Co. Ltd. grew its position in CMS Energy by 4.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 194,826 shares of the utilities provider’s stock worth $14,633,000 after purchasing an additional 8,877 shares during the last quarter. Finally, Wealthquest Corp acquired a new stake in shares of CMS Energy in the first quarter valued at approximately $150,000. 93.57% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’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 sale, the senior vice president directly owned 68,036 shares of the company’s stock, valued at $5,008,810.32. The trade was 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 available at this link. Also, 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 approximately $962,865.12. This represents a 14.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

CMS has been the subject of several analyst reports. KeyCorp boosted their price objective on CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Barclays boosted their price target on CMS Energy from $78.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wolfe Research restated a “peer perform” rating on shares of CMS Energy in a research note on Monday, July 7th. Wall Street Zen raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Finally, Morgan Stanley raised their target price on shares of CMS Energy from $71.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.82.

CMS Energy Stock Performance

Shares of CMS opened at $75.12 on Thursday. 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 firm’s 50 day moving average is $72.35 and its 200-day moving average is $71.68. CMS Energy Corporation has a 12-month low of $63.97 and a 12-month high of $76.45. The stock has a market capitalization of $22.48 billion, a P/E ratio of 22.22, a P/E/G ratio of 2.84 and a beta of 0.40.

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

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th will be paid a dividend of $0.5425 per share. The ex-dividend date of this dividend 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%.

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.