Aberdeen Group plc Has $58.70 Million Position in CMS Energy Corporation $CMS

Key Points

• Aberdeen Group plc reduced its holdings in CMS Energy Corporation by 7.6%, now owning approximately 847,288 shares valued at $58.7 million.
• CMS Energy's recent earnings report showed an EPS of $0.71, exceeding expectations, with a 14.4% year-over-year revenue growth of $1.84 billion.
• The company announced a quarterly dividend of $0.5425 per share, representing an annual yield of 2.9% with a payout ratio of 64.20%.

Aberdeen Group plc lowered its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 7.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 847,288 shares of the utilities provider's stock after selling 69,309 shares during the quarter. Aberdeen Group plc owned 0.28% of CMS Energy worth $58,700,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CMS. 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 worth $34,000 after purchasing an additional 334 shares during the period. Trust Co. of Vermont raised its position in shares of CMS Energy by 127.7% during 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 shares of CMS Energy during the first quarter worth about $47,000. Bernard Wealth Management Corp. acquired a new stake in shares of CMS Energy during the first quarter worth about $72,000. Finally, Grove Bank & Trust raised its position in shares of CMS Energy by 167.3% during 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 period. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Stock Up 1.0%

NYSE:CMS opened at $74.01 on Friday. The firm has a market capitalization of $22.15 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.75 and a beta of 0.40. CMS Energy Corporation has a twelve month low of $63.97 and a twelve month high of $76.45. The stock's 50 day moving average price is $72.21 and its two-hundred day moving average price is $71.65. 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 - Get Free Report) last posted 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. The firm had revenue of $1.84 billion for 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 business's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Equities research analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business 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 annualized dividend and a dividend yield of 2.9%. CMS Energy's payout ratio is 64.20%.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Lauren Y. Snyder sold 2,220 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $71.26, for a total transaction of $158,197.20. Following the transaction, the senior vice president owned 13,512 shares of the company's stock, valued at $962,865.12. The trade was a 14.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $73.62, for a total value of $147,240.00. Following the transaction, the senior vice president directly owned 68,036 shares in the company, valued at $5,008,810.32. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on CMS. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CMS Energy in a research report on Wednesday. Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Barclays lifted their target price on CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Morgan Stanley dropped their target price on 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. Finally, Wall Street Zen lowered CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $77.36.

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.

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