CMS Energy Corporation $CMS Shares Sold by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. has reduced its holdings in CMS Energy Corporation by 11.0%, selling 58,798 shares and owning approximately 0.16% of the company valued at $35.9 million as of the latest quarter.
• CMS Energy reported a 14.4% increase in revenue year-over-year, totaling $1.84 billion, and exceeded earnings expectations with $0.71 per share against a consensus estimate of $0.67.
• The company announced a quarterly dividend of $0.5425, representing a 3.0% yield, with the ex-dividend date set for August 8th.

1832 Asset Management L.P. lowered its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 11.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 477,770 shares of the utilities provider's stock after selling 58,798 shares during the period. 1832 Asset Management L.P. owned 0.16% of CMS Energy worth $35,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Optiver Holding B.V. increased its position in CMS Energy by 39.2% in the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after purchasing an additional 229 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in CMS Energy in the first quarter worth $72,000. Quarry LP increased its position in CMS Energy by 36.5% in the fourth quarter. Quarry LP now owns 1,118 shares of the utilities provider's stock worth $75,000 after purchasing an additional 299 shares during the last quarter. NBC Securities Inc. bought a new stake in CMS Energy in the first quarter worth $75,000. Finally, TD Waterhouse Canada Inc. increased its position in CMS Energy by 46.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,191 shares of the utilities provider's stock worth $79,000 after purchasing an additional 376 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CMS shares. 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. Morgan Stanley reiterated an "outperform" rating on shares of CMS Energy in a report on Thursday, August 21st. Wall Street Zen cut shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $77.25.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm'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 transaction of $147,240.00. Following the sale, the senior vice president owned 68,036 shares of the company's stock, valued at $5,008,810.32. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by insiders.

CMS Energy Stock Performance

NYSE:CMS traded up $0.42 during midday trading on Friday, hitting $71.63. The company's stock had a trading volume of 364,835 shares, compared to its average volume of 2,454,358. CMS Energy Corporation has a fifty-two week low of $63.97 and a fifty-two week high of $76.45. The firm's 50 day moving average is $71.70 and its 200-day moving average is $71.71. 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 firm has a market cap of $21.44 billion, a P/E ratio of 21.19, a P/E/G ratio of 2.68 and a beta of 0.36.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $1.68 billion. During the same quarter in the prior year, the company earned $0.66 EPS. CMS Energy's quarterly revenue was up 14.4% on a year-over-year basis. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. 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 declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, August 8th. CMS Energy's dividend payout ratio is 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.