Canada Pension Plan Investment Board Cuts Stake in CMS Energy Corporation $CMS

Key Points

• The Canada Pension Plan Investment Board reduced its holdings in CMS Energy Corporation by 44.1% during the first quarter, now owning approximately $22.95 million worth of the company's stock.
• Analysts have mixed ratings on CMS Energy, with Wolfe Research maintaining a "peer perform" rating, while Wall Street Zen downgraded it to "sell"; however, Barclays raised their price target to $78.00.
• CMS Energy recently announced a quarterly dividend of $0.5425 per share, which equates to an annualized dividend yield of 3.0% with a payout ratio of 64.20%.

Canada Pension Plan Investment Board decreased its position in CMS Energy Corporation (NYSE:CMS - Free Report) by 44.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,496 shares of the utilities provider's stock after selling 241,127 shares during the period. Canada Pension Plan Investment Board owned approximately 0.10% of CMS Energy worth $22,946,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CMS. Vanguard Group Inc. lifted its stake in CMS Energy by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 38,341,416 shares of the utilities provider's stock valued at $2,879,824,000 after acquiring an additional 166,328 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in CMS Energy by 16.1% during 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 acquiring an additional 2,297,928 shares during the period. Northern Trust Corp lifted its stake in CMS Energy by 1.3% during the 1st quarter. Northern Trust Corp now owns 3,026,335 shares of the utilities provider's stock valued at $227,308,000 after acquiring an additional 39,846 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in CMS Energy by 21.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,624,075 shares of the utilities provider's stock valued at $174,895,000 after acquiring an additional 468,233 shares during the period. Finally, Lord Abbett & CO. LLC lifted its stake in CMS Energy by 72.9% during the 1st quarter. Lord Abbett & CO. LLC now owns 2,302,338 shares of the utilities provider's stock valued at $172,929,000 after acquiring an additional 970,510 shares during the period. Institutional investors own 93.57% of the company's stock.

CMS Energy Stock Performance

CMS Energy stock traded down $0.01 during midday trading on Thursday, hitting $71.52. The stock had a trading volume of 1,559,978 shares, compared to its average volume of 2,449,346. The firm's fifty day moving average is $71.87 and its two-hundred day moving average is $71.77. The company has a market capitalization of $21.41 billion, a PE ratio of 21.16, a P/E/G ratio of 2.66 and a beta of 0.39. CMS Energy Corporation has a 52-week low of $63.97 and a 52-week high of $76.45. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. The company 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 quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, research analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were given a $0.5425 dividend. The ex-dividend date was Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a yield of 3.0%. CMS Energy's dividend payout ratio (DPR) is currently 64.20%.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction 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 owned 68,036 shares in the company, valued at $5,008,810.32. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on CMS. Wall Street Zen cut shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Morgan Stanley reaffirmed an "outperform" rating on shares of CMS Energy in a research report on Thursday, August 21st. Barclays upped their price target on shares of CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Finally, Wolfe Research reaffirmed 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 given a Hold rating to the company. According to data from MarketBeat, CMS Energy has a consensus rating of "Moderate Buy" and an average target price of $77.25.

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.