Croban Has $974,000 Stock Position in CMS Energy Corporation $CMS

Croban boosted its position in CMS Energy Corporation (NYSE:CMS) by 1.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 14,056 shares of the utilities provider’s stock after acquiring an additional 167 shares during the quarter. Croban’s holdings in CMS Energy were worth $974,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaQuest LLC grew its stake in CMS Energy by 285.5% in the 1st quarter. AlphaQuest LLC now owns 451 shares of the utilities provider’s stock valued at $34,000 after buying an additional 334 shares during the last quarter. Trust Co. of Vermont grew its stake in CMS Energy by 127.7% in the 2nd quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider’s stock valued at $37,000 after buying an additional 300 shares during the last quarter. WPG Advisers LLC acquired a new position in CMS Energy in the 1st quarter valued at $47,000. Bernard Wealth Management Corp. acquired a new position in CMS Energy in the 1st quarter valued at $72,000. Finally, Grove Bank & Trust grew its stake in CMS Energy by 167.3% in the 1st quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider’s stock valued at $81,000 after buying an additional 671 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $73.62, for a total transaction of $147,240.00. Following the completion of the sale, the senior vice president owned 68,036 shares in the company, valued at $5,008,810.32. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Lauren Y. Snyder sold 2,220 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $71.26, for a total transaction of $158,197.20. Following the sale, the senior vice president owned 13,512 shares of the company’s stock, valued at $962,865.12. This trade represents a 14.11% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CMS. Wall Street Zen downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday. Wolfe Research reissued a “peer perform” rating on shares of CMS Energy in a report on Monday, July 7th. Morgan Stanley reduced their price target on shares of CMS Energy from $73.00 to $71.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Finally, Barclays increased their price target on shares of CMS Energy from $77.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, July 22nd. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and a consensus target price of $77.36.

CMS Energy Price Performance

NYSE:CMS opened at $74.01 on Friday. The company has a 50-day moving average of $72.21 and a 200-day moving average of $71.66. The company has a market capitalization of $22.15 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 2.72 and a beta of 0.40. CMS Energy Corporation has a 52 week low of $63.97 and a 52 week high of $76.45. 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 released 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%. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, equities research analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were given a dividend of $0.5425 per share. The ex-dividend date was Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.9%. CMS Energy’s dividend payout ratio (DPR) is 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.