Farther Finance Advisors LLC Reduces Holdings in CMS Energy Corporation $CMS

Farther Finance Advisors LLC trimmed its stake in CMS Energy Corporation (NYSE:CMS) by 24.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,502 shares of the utilities provider’s stock after selling 795 shares during the period. Farther Finance Advisors LLC’s holdings in CMS Energy were worth $173,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CMS. Teachers Retirement System of The State of Kentucky boosted its stake in CMS Energy by 4.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 23,064 shares of the utilities provider’s stock worth $1,732,000 after purchasing an additional 893 shares during the period. Private Trust Co. NA boosted its stake in CMS Energy by 14.4% during the 1st quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 185 shares during the period. Vontobel Holding Ltd. boosted its stake in CMS Energy by 9.4% during the 1st quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider’s stock worth $350,000 after purchasing an additional 400 shares during the period. State of Alaska Department of Revenue boosted its stake in CMS Energy by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider’s stock worth $2,629,000 after purchasing an additional 950 shares during the period. Finally, Jane Street Group LLC boosted its stake in CMS Energy by 503.4% during the 1st quarter. Jane Street Group LLC now owns 175,804 shares of the utilities provider’s stock worth $13,205,000 after purchasing an additional 146,667 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction that occurred 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 directly owned 68,036 shares in the company, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Lauren Y. Snyder sold 2,220 shares of the business’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CMS. Wolfe Research reiterated a “peer perform” rating on shares of CMS Energy in a research note on Monday, July 7th. Morgan Stanley decreased their price target on shares of CMS Energy from $73.00 to $71.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Barclays raised their target price 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. Finally, Wall Street Zen cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.36.

CMS Energy Stock Performance

Shares of NYSE CMS opened at $72.36 on Thursday. The company has a market cap of $21.66 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.72 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 debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. The company has a 50-day simple moving average of $72.17 and a 200-day simple moving average of $71.67.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, equities analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were issued a dividend of $0.5425 per share. 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 payout ratio 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.