Sage Mountain Advisors LLC Buys 855 Shares of CMS Energy Corporation $CMS

Sage Mountain Advisors LLC boosted its stake in shares of CMS Energy Corporation (NYSE:CMS) by 25.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,215 shares of the utilities provider’s stock after acquiring an additional 855 shares during the quarter. Sage Mountain Advisors LLC’s holdings in CMS Energy were worth $292,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Moment Partners LLC grew its holdings in CMS Energy by 3.8% during the 2nd 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 during the last quarter. AlphaQuest LLC boosted its position in shares of CMS Energy by 1,969.6% during the second quarter. AlphaQuest LLC now owns 9,334 shares of the utilities provider’s stock valued at $647,000 after buying an additional 8,883 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of CMS Energy by 3.9% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 757,923 shares of the utilities provider’s stock valued at $52,509,000 after buying an additional 28,470 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of CMS Energy in the second quarter worth approximately $58,000. Finally, First Citizens Bank & Trust Co. lifted its stake in shares of CMS Energy by 35.7% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 86,324 shares of the utilities provider’s stock worth $5,981,000 after acquiring an additional 22,695 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Price Performance

NYSE CMS opened at $74.71 on Monday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. The firm’s 50 day moving average price is $72.44 and its 200-day moving average price is $71.75. CMS Energy Corporation has a 52-week low of $63.97 and a 52-week high of $76.45. The company has a market cap of $22.36 billion, a PE ratio of 22.10, a P/E/G ratio of 2.85 and a beta of 0.40.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 earnings per share. 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 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. Investors of record on Friday, November 7th will be given a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $2.17 dividend on an annualized basis and a yield of 2.9%. CMS Energy’s dividend payout ratio (DPR) is presently 64.20%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on CMS shares. Morgan Stanley increased their target price on CMS Energy from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wall Street Zen upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Barclays upped their price target on shares of CMS Energy from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Weiss Ratings restated a “buy (b-)” rating on shares of CMS Energy in a report on Friday. Finally, Wolfe Research restated a “peer perform” rating on shares of CMS Energy in a report on Monday, July 7th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $78.82.

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.