Quarry LP Purchases 2,559 Shares of CMS Energy Corporation $CMS

Quarry LP boosted its position in shares of CMS Energy Corporation (NYSE:CMS) by 228.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,677 shares of the utilities provider’s stock after buying an additional 2,559 shares during the period. Quarry LP’s holdings in CMS Energy were worth $276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMS. Tudor Investment Corp ET AL bought a new position in CMS Energy during the fourth quarter valued at approximately $1,924,000. Lido Advisors LLC boosted its stake in CMS Energy by 3.9% during the fourth quarter. Lido Advisors LLC now owns 11,152 shares of the utilities provider’s stock valued at $743,000 after buying an additional 418 shares during the last quarter. AQR Capital Management LLC boosted its stake in CMS Energy by 26.1% during the fourth quarter. AQR Capital Management LLC now owns 309,963 shares of the utilities provider’s stock valued at $20,659,000 after buying an additional 64,164 shares during the last quarter. Bison Wealth LLC bought a new position in CMS Energy during the fourth quarter valued at approximately $312,000. Finally, Freestone Grove Partners LP bought a new position in CMS Energy during the fourth quarter valued at approximately $923,000. 93.57% of the stock is owned by institutional investors.

CMS Energy Trading Up 0.5%

Shares of NYSE CMS opened at $71.55 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 business’s 50 day moving average price is $71.75 and its 200-day moving average price is $71.76. CMS Energy Corporation has a fifty-two week low of $63.97 and a fifty-two week high of $76.45. The company has a market cap of $21.42 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.66 and a beta of 0.39.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share 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 firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the business posted $0.66 earnings per share. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, sell-side analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, August 8th. CMS Energy’s dividend payout ratio is presently 64.20%.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was 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 represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CMS. Barclays raised their price objective on CMS Energy from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, July 22nd. Wolfe Research reaffirmed a “peer perform” rating on shares of CMS Energy in a research note on Monday, July 7th. Wall Street Zen lowered CMS Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Finally, Morgan Stanley reaffirmed an “outperform” rating on shares of CMS Energy in a research note on Thursday, August 21st. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $77.25.

About CMS Energy

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.