Public Employees Retirement System of Ohio Reduces Stake in CMS Energy Corporation $CMS

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in CMS Energy Corporation by 3.3%, now holding approximately 0.06% of the company worth about $12.79 million.
• CMS Energy reported a 12.76% net margin with earnings per share of $0.71 for the last quarter, surpassing the consensus estimate of $0.67.
• The company announced a quarterly dividend of $0.5425 per share, equating to an annualized dividend yield of 3.0%.

Public Employees Retirement System of Ohio reduced its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 184,625 shares of the utilities provider's stock after selling 6,343 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.06% of CMS Energy worth $12,791,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMS. Teachers Retirement System of The State of Kentucky increased its position in 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 valued at $1,732,000 after purchasing an additional 893 shares during the period. Private Trust Co. NA boosted its stake 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 valued at $110,000 after purchasing an additional 185 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of CMS Energy by 9.4% during the first quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider's stock valued at $350,000 after buying an additional 400 shares during the period. State of Alaska Department of Revenue raised its stake in CMS Energy by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider's stock worth $2,629,000 after buying an additional 950 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in CMS Energy by 503.4% in the first quarter. Jane Street Group LLC now owns 175,804 shares of the utilities provider's stock worth $13,205,000 after buying an additional 146,667 shares during the period. Institutional investors own 93.57% of the company's stock.

CMS Energy Trading Up 1.2%

CMS Energy stock opened at $71.87 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 business's fifty day simple moving average is $72.18 and its two-hundred day simple moving average is $71.65. CMS Energy Corporation has a 12 month low of $63.97 and a 12 month high of $76.45. The company has a market capitalization of $21.51 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 2.64 and a beta of 0.39.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The company's revenue was up 14.4% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, equities analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were paid a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, August 8th. CMS Energy's dividend payout ratio is currently 64.20%.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction that occurred on 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. This 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. Also, SVP Lauren Y. Snyder sold 2,220 shares of CMS Energy stock in a transaction on Friday, September 5th. The stock was sold at an average price of $71.26, for a total value 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 approximately $962,865.12. The trade was a 14.11% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

CMS has been the topic of a number of research analyst reports. Wolfe Research reiterated a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Barclays upped their price target on CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Morgan Stanley lowered their price objective on CMS Energy from $73.00 to $71.00 and set an "equal weight" rating for the company in a research report on Thursday. Finally, Wall Street Zen cut shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, CMS Energy has an average rating of "Moderate Buy" and an average 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.

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