Geneos Wealth Management Inc. Has $170,000 Stake in CMS Energy Corporation $CMS

Geneos Wealth Management Inc. raised its position in shares of CMS Energy Corporation (NYSE:CMS) by 34.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,263 shares of the utilities provider’s stock after purchasing an additional 578 shares during the period. Geneos Wealth Management Inc.’s holdings in CMS Energy were worth $170,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AlphaQuest LLC raised its position in 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 purchasing an additional 334 shares in the last quarter. WPG Advisers LLC acquired a new position in CMS Energy during the first quarter valued at approximately $47,000. Bernard Wealth Management Corp. acquired a new position in CMS Energy during the first quarter valued at approximately $72,000. NBC Securities Inc. acquired a new position in CMS Energy during the first quarter valued at approximately $75,000. Finally, Grove Bank & Trust raised its position in CMS Energy by 167.3% during the first 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. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $69.98 on Wednesday. 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 cap of $20.95 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 2.66 and a beta of 0.39. The company’s fifty day moving average is $72.14 and its 200 day moving average is $71.75.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The company 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 firm posted $0.66 earnings per share. CMS Energy’s revenue for the quarter was up 14.4% on a year-over-year basis. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Sell-side analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were given a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a yield of 3.1%. CMS Energy’s dividend payout ratio is 64.20%.

Analysts Set New Price Targets

Several research analysts have commented on CMS shares. Wall Street Zen downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Barclays boosted their price objective on shares of CMS Energy from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, July 22nd. Wolfe Research restated a “peer perform” rating on shares of CMS Energy in a research report on Monday, July 7th. Finally, Morgan Stanley reiterated an “outperform” rating on shares of CMS Energy in a report on Thursday, August 21st. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $77.25.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’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 owned 68,036 shares of the company’s stock, valued at approximately $5,008,810.32. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Lauren Y. Snyder sold 2,220 shares of the company’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 sale, the senior vice president directly owned 13,512 shares in the company, valued at $962,865.12. This trade represents a 14.11% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

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.