CMS Energy Corporation $CMS Shares Sold by Perpetual Ltd

Key Points

• Perpetual Ltd reduced its stake in CMS Energy Corporation by 5.3%, selling 114,245 shares, and now holds approximately 2 million shares valued at $141.45 million, making up 1.7% of its investment portfolio.
• Analysts have mixed views on CMS Energy, with Barclays upgrading its price target from $77 to $78 while Wall Street Zen downgraded it from a "hold" to a "sell," reflecting a consensus average rating of "Moderate Buy."
• CMS Energy declared a quarterly dividend of $0.5425 per share, yielding 3.1%, with a payout ratio of 64.20%, indicating a commitment to returning capital to shareholders.

Perpetual Ltd decreased its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,041,739 shares of the utilities provider's stock after selling 114,245 shares during the quarter. CMS Energy accounts for approximately 1.7% of Perpetual Ltd's investment portfolio, making the stock its 18th biggest holding. Perpetual Ltd owned 0.68% of CMS Energy worth $141,452,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CMS. Price T Rowe Associates Inc. MD boosted its stake in shares of CMS Energy by 16.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,554,877 shares of the utilities provider's stock worth $1,243,438,000 after buying an additional 2,297,928 shares during the last quarter. Nuveen LLC purchased a new position in shares of CMS Energy in the 1st quarter worth approximately $106,745,000. GAMMA Investing LLC boosted its stake in shares of CMS Energy by 8,733.7% in the 1st quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider's stock worth $76,110,000 after buying an additional 1,001,838 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of CMS Energy by 72.9% in the 1st quarter. Lord Abbett & CO. LLC now owns 2,302,338 shares of the utilities provider's stock worth $172,929,000 after buying an additional 970,510 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of CMS Energy by 29.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,407,152 shares of the utilities provider's stock worth $255,911,000 after buying an additional 783,077 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley restated an "outperform" rating on shares of CMS Energy in a research note on Thursday, August 21st. Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Barclays lifted their price target 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. Finally, Wall Street Zen cut shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $77.25.

CMS Energy Stock Performance

Shares of CMS Energy stock traded up $0.39 on Tuesday, hitting $70.83. 378,786 shares of the company's stock were exchanged, compared to its average volume of 2,418,302. The company has a 50-day simple moving average of $72.14 and a 200-day simple moving average of $71.67. The stock has a market capitalization of $21.20 billion, a PE ratio of 20.94, a PEG ratio of 2.61 and a beta of 0.39. CMS Energy Corporation has a 1 year low of $63.97 and a 1 year high of $76.45. 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 (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. The company had revenue of $1.84 billion for 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%. CMS Energy's revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $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 EPS for the current year.

CMS Energy Announces Dividend

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

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company'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 transaction, the senior vice president directly owned 68,036 shares in the company, valued at $5,008,810.32. This represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Lauren Y. Snyder sold 2,220 shares of the company's stock in a transaction that occurred on 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 sale, the senior vice president directly owned 13,512 shares of the company's stock, valued at $962,865.12. The trade was a 14.11% decrease in their position. The disclosure for this sale can be found here. 0.49% 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.