UniSuper Management Pty Ltd Sells 183,194 Shares of CMS Energy Corporation $CMS

Key Points

• UniSuper Management Pty Ltd reduced its holdings in CMS Energy by 22.8% in the 1st quarter, selling 183,194 shares and now owning approximately 0.21% of the company, valued at $46.5 million.
• CMS Energy reported a quarterly EPS of $0.71, surpassing analysts' estimates, and announced its FY 2025 guidance of 3.540-3.600 EPS.
• The company recently paid a quarterly dividend of $0.5425 per share, representing an annualized dividend yield of 3.0%.

UniSuper Management Pty Ltd lessened its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 22.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 619,696 shares of the utilities provider's stock after selling 183,194 shares during the period. UniSuper Management Pty Ltd owned 0.21% of CMS Energy worth $46,545,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CMS. AlphaQuest LLC raised its holdings in CMS Energy by 285.5% in the 1st quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock worth $34,000 after acquiring an additional 334 shares during the period. WPG Advisers LLC bought a new position in CMS Energy in the 1st quarter worth $47,000. Bernard Wealth Management Corp. bought a new position in CMS Energy in the 1st quarter worth $72,000. NBC Securities Inc. bought a new position in CMS Energy in the 1st quarter worth $75,000. Finally, Grove Bank & Trust increased its holdings in shares of 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 purchasing an additional 671 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

Analysts Set New Price Targets

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

CMS Energy Price Performance

Shares of NYSE:CMS traded down $0.07 on Friday, hitting $71.61. The stock had a trading volume of 647,973 shares, compared to its average volume of 2,415,014. The firm's 50 day moving average price is $72.07 and its 200-day moving average price is $71.80. 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 twelve month low of $63.97 and a twelve month high of $76.45. The company has a market capitalization of $21.43 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 2.65 and a beta of 0.39.

CMS Energy (NYSE:CMS - Get Free Report) last released 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 net margin of 12.76% and a return on equity of 12.07%. The company's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous 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 predict that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were paid a $0.5425 dividend. 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 3.0%. CMS Energy's payout ratio is currently 64.20%.

Insider Activity

In other news, SVP Lauren Y. Snyder sold 2,220 shares of the company's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $71.26, for a total transaction of $158,197.20. Following the transaction, the senior vice president directly owned 13,512 shares in the company, valued at approximately $962,865.12. This represents a 14.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction that occurred on 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 sale, the senior vice president directly owned 68,036 shares of the company's stock, valued at approximately $5,008,810.32. This represents a 2.86% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

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.