Prudential PLC Cuts Stock Holdings in CMS Energy Corporation $CMS

Key Points

• Prudential PLC significantly reduced its stake in CMS Energy Corporation by 77.1% in the first quarter, leaving it with only 3,913 shares, valued at approximately $294,000.
• Multiple large investors, including Optiver Holding B.V. and TD Waterhouse Canada Inc., have increased their positions in CMS Energy, indicating continued institutional interest in the company despite Prudential’s sell-off.
• CMS Energy reported a net margin of 12.76% and a revenue increase of 14.4% year-over-year, with earnings surpassing estimates at $0.71 EPS for the last quarter.

Prudential PLC cut its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 77.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,913 shares of the utilities provider's stock after selling 13,188 shares during the period. Prudential PLC's holdings in CMS Energy were worth $294,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in CMS Energy by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 38,341,416 shares of the utilities provider's stock worth $2,879,824,000 after purchasing an additional 166,328 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in CMS Energy by 32.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock worth $950,227,000 after purchasing an additional 3,486,074 shares during the last quarter. Northern Trust Corp raised its holdings in CMS Energy by 11.6% during the 4th quarter. Northern Trust Corp now owns 2,986,489 shares of the utilities provider's stock worth $199,049,000 after purchasing an additional 311,489 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in CMS Energy by 21.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,624,075 shares of the utilities provider's stock worth $174,895,000 after purchasing an additional 468,233 shares during the last quarter. Finally, Perpetual Ltd raised its holdings in CMS Energy by 3.9% during the 1st quarter. Perpetual Ltd now owns 2,155,984 shares of the utilities provider's stock worth $161,936,000 after purchasing an additional 81,867 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Insider Transactions at CMS Energy

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

CMS Energy Trading Up 0.4%

Shares of NYSE:CMS traded up $0.2880 during mid-day trading on Friday, hitting $73.0680. The company had a trading volume of 260,257 shares, compared to its average volume of 2,475,151. The firm has a fifty day moving average price of $71.42 and a 200 day moving average price of $71.56. The company has a market capitalization of $21.87 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.71 and a beta of 0.36. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last released 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. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the business posted $0.66 EPS. CMS Energy's revenue for the quarter 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. As a group, research analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

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

Analyst Ratings Changes

Several research analysts have issued reports on the stock. BMO Capital Markets raised their price target 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. Scotiabank restated an "outperform" rating and set a $81.00 price target (up previously from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Barclays raised 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. Morgan Stanley set a $71.00 price objective on shares of CMS Energy and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Finally, Evercore ISI lifted their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research note on Monday, April 28th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $77.25.

CMS Energy Company 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.