Hsbc Holdings PLC Sells 31,406 Shares of CMS Energy Corporation $CMS

Key Points

• HSBC Holdings PLC reduced its stake in CMS Energy Corporation by 4.9%, selling 31,406 shares during the first quarter, leaving it with 603,343 shares valued at approximately $45 million.
• CMS Energy reported $0.71 earnings per share for the last quarter, exceeding analysts' expectations, and had a revenue increase of 14.4% compared to the previous year.
• The company recently declared a quarterly dividend of $0.5425 per share, resulting in an annualized dividend yield of 3.0%.

Hsbc Holdings PLC decreased its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 603,343 shares of the utilities provider's stock after selling 31,406 shares during the period. Hsbc Holdings PLC owned approximately 0.20% of CMS Energy worth $45,207,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. grew its position in CMS Energy by 5.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 38,360 shares of the utilities provider's stock valued at $2,881,000 after purchasing an additional 1,864 shares in the last quarter. Financial Advisors Network Inc. grew its position in CMS Energy by 6.7% in the first quarter. Financial Advisors Network Inc. now owns 4,087 shares of the utilities provider's stock valued at $307,000 after purchasing an additional 256 shares in the last quarter. Qtron Investments LLC grew its position in CMS Energy by 40.9% in the first quarter. Qtron Investments LLC now owns 14,538 shares of the utilities provider's stock valued at $1,092,000 after purchasing an additional 4,218 shares in the last quarter. Northern Trust Corp grew its position in CMS Energy by 1.3% in the first quarter. Northern Trust Corp now owns 3,026,335 shares of the utilities provider's stock valued at $227,308,000 after purchasing an additional 39,846 shares in the last quarter. Finally, Brooklyn Investment Group grew its position in CMS Energy by 121.7% in the first quarter. Brooklyn Investment Group now owns 1,448 shares of the utilities provider's stock valued at $109,000 after purchasing an additional 795 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

CMS Energy Stock Performance

Shares of CMS stock traded up $0.10 during midday trading on Tuesday, hitting $72.32. 771,354 shares of the company were exchanged, compared to its average volume of 2,468,043. The firm has a market capitalization of $21.65 billion, a P/E ratio of 21.40, a PEG ratio of 2.72 and a beta of 0.36. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. The firm's 50 day moving average price is $71.52 and its two-hundred day moving average price is $71.69. CMS Energy Corporation has a 52 week low of $63.97 and a 52 week 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 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. CMS Energy's revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, equities research analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays raised their target price 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. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Morgan Stanley reissued an "outperform" rating on shares of CMS Energy in a research report on Thursday, August 21st. Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Finally, BMO Capital Markets lifted their price objective on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, CMS Energy currently has an average rating of "Moderate Buy" and a consensus price target of $77.25.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the business'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 of the company's stock, valued at $5,008,810.32. The trade was a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.49% 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.