CMS Energy Corporation (NYSE:CMS) Shares Sold by Aberdeen Group plc

Key Points

• Aberdeen Group plc decreased its stake in CMS Energy Corporation by 6.5% during Q1, now holding approximately 0.31% of the company, valued at around $68.47 million.
• CMS Energy recently reported a Q2 EPS of $0.71, surpassing estimates of $0.67, with a 14.4% year-over-year revenue growth to $1.84 billion.
• The company announced a quarterly dividend of $0.5425 per share, resulting in an annualized dividend yield of 3.0%.

Aberdeen Group plc cut its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 6.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 916,597 shares of the utilities provider's stock after selling 64,054 shares during the quarter. Aberdeen Group plc owned about 0.31% of CMS Energy worth $68,470,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CMS. Optiver Holding B.V. increased its stake in CMS Energy by 39.2% in the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 229 shares during the period. Bernard Wealth Management Corp. acquired a new position in CMS Energy in the first quarter valued at $72,000. Quarry LP increased its stake in CMS Energy by 36.5% in the fourth quarter. Quarry LP now owns 1,118 shares of the utilities provider's stock valued at $75,000 after purchasing an additional 299 shares during the period. NBC Securities Inc. acquired a new position in CMS Energy in the first quarter valued at $75,000. Finally, TD Waterhouse Canada Inc. increased its stake in CMS Energy by 46.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,191 shares of the utilities provider's stock valued at $79,000 after purchasing an additional 376 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Performance

Shares of CMS opened at $72.25 on Friday. 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 stock has a market cap of $21.63 billion, a P/E ratio of 21.38, a PEG ratio of 2.70 and a beta of 0.36. The company has a 50-day moving average of $71.21 and a two-hundred day moving average of $71.38. CMS Energy Corporation has a 12-month low of $63.97 and a 12-month high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last announced its 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 analysts' expectations 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 quarter in the previous year, the business posted $0.66 earnings per share. As a group, research analysts predict that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CMS. Wells Fargo & Company lifted their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Jefferies Financial Group lifted their target price on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a report on Monday, April 21st. Barclays lifted 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. Evercore ISI lifted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a report on Monday, April 28th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, CMS Energy has an average rating of "Hold" and an average target price of $77.25.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the business'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 value 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. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.40% of the stock is currently 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.

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