HB Wealth Management LLC Has $1.88 Million Holdings in CMS Energy Corporation $CMS

HB Wealth Management LLC reduced its stake in shares of CMS Energy Corporation (NYSE:CMS) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,078 shares of the utilities provider’s stock after selling 841 shares during the quarter. HB Wealth Management LLC’s holdings in CMS Energy were worth $1,876,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. AlphaQuest LLC raised its stake 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 buying an additional 334 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of CMS Energy in the 1st quarter valued at $47,000. Bernard Wealth Management Corp. acquired a new position in shares of CMS Energy in the 1st quarter valued at $72,000. NBC Securities Inc. acquired a new position in shares of CMS Energy in the 1st quarter valued at $75,000. Finally, Grove Bank & Trust raised its stake 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 buying an additional 671 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Activity

In other news, SVP Lauren Y. Snyder sold 2,220 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $71.26, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $147,240.00. Following the completion of the transaction, the senior vice president directly owned 68,036 shares in the company, valued at $5,008,810.32. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CMS shares. Wolfe Research restated a “peer perform” rating on shares of CMS Energy in a research note on Monday, July 7th. Barclays increased their target price on shares of CMS Energy from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 22nd. Morgan Stanley dropped their target price on shares of CMS Energy from $73.00 to $71.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Finally, Wall Street Zen cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.36.

CMS Energy Trading Down 0.8%

CMS opened at $71.83 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $21.50 billion, a PE ratio of 21.25, a PEG ratio of 2.69 and a beta of 0.40. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45. The firm has a 50-day moving average price of $72.15 and a two-hundred day moving average price of $71.66.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, equities analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

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