CMS Energy Corporation $CMS Shares Sold by BROOKFIELD Corp ON

Key Points

• BROOKFIELD Corp ON reduced its stake in CMS Energy Corporation by 4.7%, now holding approximately $80.63 million worth of shares, accounting for 0.5% of its total holdings.
• In the first quarter, several institutional investors, including Geneos Wealth Management Inc. and Jane Street Group LLC, significantly increased their stakes in CMS Energy, highlighting continued interest from large investors.
• Research analysts have mixed ratings on CMS Energy, with a consensus rating of "Moderate Buy" and a price target of $77.25, following its recent quarterly earnings report that exceeded estimates.

BROOKFIELD Corp ON decreased its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 4.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,073,538 shares of the utilities provider's stock after selling 53,278 shares during the period. CMS Energy accounts for about 0.5% of BROOKFIELD Corp ON's portfolio, making the stock its 28th largest holding. BROOKFIELD Corp ON owned 0.36% of CMS Energy worth $80,633,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of CMS Energy by 16.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,554,877 shares of the utilities provider's stock valued at $1,243,438,000 after buying an additional 2,297,928 shares in the last quarter. Nuveen LLC bought a new stake in CMS Energy during the 1st quarter worth approximately $106,745,000. Zimmer Partners LP bought a new stake in shares of CMS Energy in the 4th quarter valued at $89,173,000. GAMMA Investing LLC boosted its stake in shares of CMS Energy by 8,733.7% in the 1st quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider's stock valued at $76,110,000 after purchasing an additional 1,001,838 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in CMS Energy by 72.9% during the first quarter. Lord Abbett & CO. LLC now owns 2,302,338 shares of the utilities provider's stock worth $172,929,000 after acquiring an additional 970,510 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Price Performance

CMS stock traded down $1.60 during midday trading on Tuesday, hitting $69.98. The company's stock had a trading volume of 2,004,992 shares, compared to its average volume of 2,416,691. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $20.95 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 2.66 and a beta of 0.39. CMS Energy Corporation has a 12 month low of $63.97 and a 12 month high of $76.45. The company has a 50 day moving average of $72.13 and a two-hundred day moving average of $71.76.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.CMS Energy's revenue was up 14.4% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, analysts expect that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.1%. CMS Energy's dividend payout ratio (DPR) is 64.20%.

Analyst Ratings Changes

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

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Lauren Y. Snyder sold 2,220 shares of CMS Energy stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $71.26, for a total value of $158,197.20. Following the sale, the senior vice president directly owned 13,512 shares of the company's stock, valued at $962,865.12. This trade represents a 14.11% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

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.