Allspring Global Investments Holdings LLC Sells 21,344 Shares of CMS Energy Corporation $CMS

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in CMS Energy Corporation by 5.0%, selling 21,344 shares, leaving it with approximately 0.14% of the company's shares valued at about $28.65 million.
• CMS Energy reported better-than-expected earnings of $0.71 per share for the last quarter, surpassing analysts' consensus estimate of $0.67, along with a year-over-year revenue increase of 14.4%.
• The company recently declared a quarterly dividend of $0.5425 per share, which translates to an annual yield of 2.9% and a payout ratio of 64.20%.

Allspring Global Investments Holdings LLC cut its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 408,557 shares of the utilities provider's stock after selling 21,344 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.14% of CMS Energy worth $28,652,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CMS. AlphaQuest LLC boosted its holdings in CMS Energy by 285.5% in the first quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock worth $34,000 after purchasing an additional 334 shares in the last quarter. Trust Co. of Vermont boosted its holdings 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 in the last quarter. WPG Advisers LLC acquired a new position in CMS Energy during the 1st quarter worth $47,000. Grove Bank & Trust lifted its position in CMS Energy by 167.3% during the 1st quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider's stock worth $81,000 after acquiring an additional 671 shares during the last quarter. Finally, TD Private Client Wealth LLC acquired a new position in CMS Energy during the 1st quarter worth $82,000. 93.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the company'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 sale, the senior vice president directly owned 68,036 shares in the company, valued at approximately $5,008,810.32. This represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Lauren Y. Snyder sold 2,220 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $71.26, for a total value of $158,197.20. Following the completion of the transaction, 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 disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

CMS Energy Stock Up 1.3%

Shares of CMS opened at $75.31 on Thursday. The company has a 50-day simple moving average of $72.21 and a 200-day simple moving average of $71.68. The firm has a market capitalization of $22.54 billion, a P/E ratio of 22.28, a P/E/G ratio of 2.84 and a beta of 0.40. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. CMS Energy Corporation has a 52 week low of $63.97 and a 52 week high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The firm's revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, equities research analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were paid 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 yield of 2.9%. CMS Energy's dividend payout ratio (DPR) is currently 64.20%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CMS shares. Morgan Stanley cut their target price on shares of CMS Energy from $73.00 to $71.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Weiss Ratings reissued a "buy (b-)" rating on shares of CMS Energy in a research report on Wednesday, October 8th. Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Barclays boosted their target price 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. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $78.00.

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.

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