IFM Investors Pty Ltd Has $4.71 Million Position in CMS Energy Corporation $CMS

Key Points

• IFM Investors Pty Ltd reduced its stake in CMS Energy Corporation by 23.9%, holding 62,723 shares valued at approximately $4.71 million after selling 19,736 shares.
• Many institutional investors have adjusted their positions in CMS Energy, with AlphaQuest LLC increasing its ownership by 285.5%, illustrating a dynamic investment landscape around the company.
• CMS Energy announced a quarterly dividend of $0.5425 per share, yielding about 3.0%, while maintaining a payout ratio of 64.20%.

IFM Investors Pty Ltd lessened its stake in CMS Energy Corporation (NYSE:CMS - Free Report) by 23.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,723 shares of the utilities provider's stock after selling 19,736 shares during the quarter. IFM Investors Pty Ltd's holdings in CMS Energy were worth $4,711,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AlphaQuest LLC increased its holdings in 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 buying an additional 334 shares during the last quarter. WPG Advisers LLC acquired a new position in CMS Energy during the first quarter worth $47,000. Bernard Wealth Management Corp. acquired a new position in CMS Energy during the first quarter worth $72,000. NBC Securities Inc. acquired a new position in CMS Energy during the first quarter worth $75,000. Finally, Grove Bank & Trust increased its holdings in CMS Energy by 167.3% during the first quarter. Grove Bank & Trust now owns 1,072 shares of the utilities provider's stock worth $81,000 after buying an additional 671 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other CMS Energy news, SVP Lauren Y. Snyder sold 2,220 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $71.26, for a total transaction of $158,197.20. Following the completion of the transaction, the senior vice president owned 13,512 shares of the company's stock, valued at approximately $962,865.12. The trade was a 14.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $73.62, for a total value of $147,240.00. Following the transaction, the senior vice president directly owned 68,036 shares of the company's stock, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

CMS Energy Price Performance

CMS traded down $1.32 on Tuesday, hitting $70.26. 723,876 shares of the stock were exchanged, compared to its average volume of 2,414,871. CMS Energy Corporation has a 12 month low of $63.97 and a 12 month high of $76.45. The business has a 50-day moving average of $72.13 and a two-hundred day moving average of $71.76. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. The firm has a market capitalization of $21.03 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 2.66 and a beta of 0.39.

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, 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 business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter in the prior year, the business posted $0.66 earnings per share. CMS Energy's 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. Sell-side analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were paid a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.17 annualized dividend and a yield of 3.1%. CMS Energy's payout ratio is presently 64.20%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wolfe Research reiterated a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Morgan Stanley reiterated an "outperform" rating on shares of CMS Energy in a report on Thursday, August 21st. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Barclays upped their price objective 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. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.