APG Asset Management N.V. Sells 30,500 Shares of CMS Energy Corporation $CMS

Key Points

• APG Asset Management N.V. has reduced its stake in CMS Energy Corporation by 8.9%, now holding 312,276 shares worth approximately $21.7 million.
• The company reported a 14.4% increase in year-over-year revenue for the last quarter, achieving $1.84 billion and exceeding consensus estimates.
• CMS Energy announced a quarterly dividend of $0.5425 per share, representing a yield of 3.0%, with an ex-dividend date set for August 8th.

APG Asset Management N.V. reduced its stake in CMS Energy Corporation (NYSE:CMS - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 312,276 shares of the utilities provider's stock after selling 30,500 shares during the period. APG Asset Management N.V. owned approximately 0.10% of CMS Energy worth $21,714,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky lifted its position in shares of 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 valued at $1,732,000 after acquiring an additional 893 shares during the period. Private Trust Co. NA raised its stake in CMS Energy by 14.4% in the first quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider's stock valued at $110,000 after purchasing an additional 185 shares in the last quarter. Vontobel Holding Ltd. lifted its position in CMS Energy by 9.4% during the first 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 grew its stake in CMS Energy by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider's stock worth $2,629,000 after buying an additional 950 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in CMS Energy by 32.6% during the first quarter. Cerity Partners LLC now owns 34,681 shares of the utilities provider's stock worth $2,605,000 after buying an additional 8,536 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

CMS stock traded up $0.21 during midday trading on Friday, reaching $71.42. 738,960 shares of the stock were exchanged, compared to its average volume of 2,456,474. CMS Energy Corporation has a 52 week low of $63.97 and a 52 week high of $76.45. The company has a fifty day moving average price of $71.70 and a 200 day moving average price of $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 stock has a market capitalization of $21.38 billion, a PE ratio of 21.15, a P/E/G ratio of 2.68 and a beta of 0.36.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results 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 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 revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the firm posted $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, analysts expect that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be paid a $0.5425 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.17 annualized dividend and a dividend yield of 3.0%. CMS Energy's payout ratio is currently 64.20%.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Friday, August 8th. The stock was 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 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 filing with the SEC, which is accessible through the SEC website. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.