Cbre Investment Management Listed Real Assets LLC Trims Stake in CMS Energy Corporation $CMS

Key Points

• Cbre Investment Management Listed Real Assets LLC reduced its holdings in CMS Energy by 29.3%, selling 413,951 shares during the first quarter, bringing its total ownership to 1,000,360 shares valued at approximately $75 million.
• Several institutional investors, including TD Waterhouse Canada Inc and Adage Capital Partners GP L.L.C., have recently increased their stakes in CMS Energy, contributing to a total institutional ownership of 93.57%.
• CMS Energy reported earnings per share of $0.71 for the last quarter, exceeding estimates, and announced a dividend of $0.5425 with a yield of 3.0%.

Cbre Investment Management Listed Real Assets LLC lowered its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 29.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000,360 shares of the utilities provider's stock after selling 413,951 shares during the period. Cbre Investment Management Listed Real Assets LLC owned 0.33% of CMS Energy worth $75,137,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CMS. AlphaQuest LLC lifted 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 acquiring an additional 334 shares in the last quarter. Optiver Holding B.V. lifted its position in shares of CMS Energy by 39.2% during the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after acquiring an additional 229 shares in the last quarter. Bernard Wealth Management Corp. purchased a new stake in shares of CMS Energy during the first quarter worth $72,000. Quarry LP lifted its position in shares of CMS Energy by 36.5% during the fourth quarter. Quarry LP now owns 1,118 shares of the utilities provider's stock worth $75,000 after acquiring an additional 299 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of CMS Energy during the first quarter worth $75,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

CMS Energy stock traded up $0.13 during mid-day trading on Wednesday, hitting $72.22. The stock had a trading volume of 1,516,018 shares, compared to its average volume of 2,473,009. The firm has a market capitalization of $21.62 billion, a P/E ratio of 21.37, a P/E/G ratio of 2.68 and a beta of 0.36. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The firm's 50 day moving average is $71.58 and its 200 day moving average is $71.69. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last issued its 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. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the firm posted $0.66 EPS. CMS Energy's quarterly revenue was up 14.4% compared to the same quarter last year. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, sell-side analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

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

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $73.62, for a total transaction of $147,240.00. Following the completion of the transaction, the senior vice president owned 68,036 shares of the company's stock, valued at $5,008,810.32. This represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CMS shares. Barclays increased their price objective on CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. BMO Capital Markets increased their price objective on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Wall Street Zen downgraded CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Morgan Stanley reiterated an "outperform" rating on shares of CMS Energy in a research report on Thursday, August 21st. Finally, Wolfe Research reiterated 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.25.

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.