QRG Capital Management Inc. Buys 420 Shares of CMS Energy Corporation $CMS

QRG Capital Management Inc. grew its stake in shares of CMS Energy Corporation (NYSE:CMS) by 3.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 11,463 shares of the utilities provider’s stock after purchasing an additional 420 shares during the quarter. QRG Capital Management Inc.’s holdings in CMS Energy were worth $794,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AlphaQuest LLC raised its position in shares of CMS Energy by 285.5% during the first 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 increased 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 last quarter. WPG Advisers LLC bought a new stake in CMS Energy in the first quarter worth $47,000. Bernard Wealth Management Corp. bought a new stake in CMS Energy in the first quarter worth $72,000. Finally, Grove Bank & Trust increased its position in CMS Energy by 167.3% in the first quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 671 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Barclays boosted their price target 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. Weiss Ratings restated a “buy (b-)” rating on shares of CMS Energy in a research report on Wednesday. Morgan Stanley reduced 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 report on Thursday, September 25th. Wall Street Zen cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Finally, Wolfe Research restated a “peer perform” rating on shares of CMS Energy in a research report on Monday, July 7th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.36.

Insiders Place Their Bets

In other news, SVP Lauren Y. Snyder sold 2,220 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $962,865.12. The trade was a 14.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $73.62, for a total transaction of $147,240.00. Following the sale, the senior vice president directly owned 68,036 shares of the company’s stock, valued at $5,008,810.32. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

CMS Energy Trading Up 0.1%

CMS stock opened at $73.25 on Friday. 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 Corporation has a twelve month low of $63.97 and a twelve month high of $76.45. The stock has a market capitalization of $21.93 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.72 and a beta of 0.40. The firm’s fifty day simple moving average is $72.21 and its two-hundred day simple moving average is $71.65.

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 analysts’ consensus estimates of $0.67 by $0.04. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the business posted $0.66 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, August 8th. CMS Energy’s payout ratio is currently 64.20%.

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.