CMS Energy Corporation $CMS Shares Purchased by Hennessy Advisors Inc.

Hennessy Advisors Inc. boosted its position in CMS Energy Corporation (NYSE:CMS) by 3.0% in the second quarter, HoldingsChannel.com reports. The firm owned 167,498 shares of the utilities provider’s stock after purchasing an additional 4,800 shares during the quarter. Hennessy Advisors Inc.’s holdings in CMS Energy were worth $11,604,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC lifted its position in CMS Energy by 285.5% in the first quarter. AlphaQuest LLC now owns 451 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 334 shares during the period. Trust Co. of Vermont lifted its position in CMS Energy by 127.7% in the second quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 300 shares during the period. WPG Advisers LLC acquired a new stake in CMS Energy in the first quarter worth approximately $47,000. Bernard Wealth Management Corp. acquired a new stake in CMS Energy in the first quarter worth approximately $72,000. Finally, NBC Securities Inc. acquired a new stake in CMS Energy in the first quarter worth approximately $75,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Lauren Y. Snyder sold 2,220 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $71.26, for a total value of $158,197.20. Following the completion of the sale, the senior vice president owned 13,512 shares in the company, valued at $962,865.12. This represents a 14.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $73.62, for a total value of $147,240.00. Following the completion of 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 position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

CMS Energy Price Performance

CMS opened at $72.35 on Friday. The stock has a fifty day moving average of $72.14 and a 200-day moving average of $71.65. The firm has a market capitalization of $21.66 billion, a P/E ratio of 21.41, a PEG ratio of 2.67 and a beta of 0.40. CMS Energy Corporation has a 12-month low of $63.97 and a 12-month high of $76.45. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Equities analysts forecast that CMS Energy Corporation will post 3.59 EPS 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 issued a $0.5425 dividend. The ex-dividend date was Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.0%. CMS Energy’s dividend payout ratio is presently 64.20%.

Analyst Ratings Changes

CMS has been the topic of several research reports. Wall Street Zen cut CMS Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a report on Saturday, September 27th. Barclays upped their price target on CMS Energy from $77.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, July 22nd. Morgan Stanley dropped their price target on CMS Energy from $73.00 to $71.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of CMS Energy in a report on Monday, July 7th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.36.

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.