Credit Agricole S A Sells 3,888 Shares of CMS Energy Corporation $CMS

Key Points

• Credit Agricole S A reduced its stake in CMS Energy Corporation by selling 3,888 shares, bringing its total holdings to 106,664 shares valued at approximately $8.01 million.
• Equities analysts have mixed views on CMS Energy, with a consensus rating of "Moderate Buy" and a target price averaging $77.25, indicating potential growth for the stock.
• CMS Energy recently announced a quarterly dividend of $0.5425, with an annual yield of 3.0%, contributing to its appeal among income-focused investors.

Credit Agricole S A trimmed its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 3.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 106,664 shares of the utilities provider's stock after selling 3,888 shares during the period. Credit Agricole S A's holdings in CMS Energy were worth $8,012,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of CMS Energy by 4.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 23,064 shares of the utilities provider's stock worth $1,732,000 after acquiring an additional 893 shares during the period. Private Trust Co. NA lifted its holdings in shares of CMS Energy by 14.4% during the 1st quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider's stock worth $110,000 after acquiring an additional 185 shares during the period. Vontobel Holding Ltd. lifted its holdings in shares of CMS Energy by 9.4% during the 1st quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider's stock worth $350,000 after acquiring an additional 400 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of CMS Energy by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider's stock worth $2,629,000 after acquiring an additional 950 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of CMS Energy by 32.6% during the 1st quarter. Cerity Partners LLC now owns 34,681 shares of the utilities provider's stock worth $2,605,000 after acquiring an additional 8,536 shares during the period. 93.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. BMO Capital Markets raised their price objective on shares of CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Morgan Stanley set a $71.00 target price on shares of CMS Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Wolfe Research reiterated a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Wells Fargo & Company increased their target price on shares of CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Evercore ISI increased their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research report on Monday, April 28th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, CMS Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.25.

CMS Energy Trading Down 0.3%

CMS opened at $72.7730 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 capitalization of $21.78 billion, a PE ratio of 21.53, a PEG ratio of 2.71 and a beta of 0.36. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45. The firm has a 50-day moving average price of $71.42 and a two-hundred day moving average price of $71.56.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm 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 company's quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, equities analysts anticipate 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 given a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, August 8th. CMS Energy's dividend payout ratio (DPR) is presently 64.20%.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction dated 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 sale, the senior vice president owned 68,036 shares in the company, valued at approximately $5,008,810.32. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.40% of the company's stock.

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.

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