CMS Energy Corporation $CMS Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC trimmed its position in CMS Energy Corporation (NYSE:CMS) by 5.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,239 shares of the utilities provider’s stock after selling 265 shares during the quarter. DAVENPORT & Co LLC’s holdings in CMS Energy were worth $294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. AlphaQuest LLC raised its holdings in shares of 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 purchasing an additional 334 shares in the last quarter. Trust Co. of Vermont raised its holdings in shares of 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 purchasing an additional 300 shares in the last quarter. WPG Advisers LLC acquired a new stake in shares of CMS Energy in the 1st quarter valued at $47,000. Grove Bank & Trust raised its holdings in shares of 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 purchasing an additional 671 shares in the last quarter. Finally, TD Private Client Wealth LLC acquired a new stake in shares of CMS Energy in the 1st quarter valued at $82,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMS has been the topic of several research analyst reports. Wolfe Research reiterated a “peer perform” rating on shares of CMS Energy in a research note on Monday, July 7th. Barclays lifted their price target on shares of CMS Energy from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, October 8th. Morgan Stanley cut their price target on shares of CMS Energy from $73.00 to $71.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Finally, Wall Street Zen lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.36.

CMS Energy Trading Up 1.0%

NYSE CMS opened at $74.01 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 has a market cap of $22.15 billion, a PE ratio of 21.90, a P/E/G ratio of 2.83 and a beta of 0.40. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45. The firm’s fifty day moving average is $72.21 and its two-hundred day moving average is $71.64.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $1.84 billion for 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%. CMS Energy’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. 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 disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were paid a $0.5425 dividend. The ex-dividend date was Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a yield of 2.9%. CMS Energy’s payout ratio is currently 64.20%.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Lauren Y. Snyder sold 2,220 shares of CMS Energy 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 directly owned 13,512 shares in the company, valued at approximately $962,865.12. The trade was 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.

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.