CMS Energy Corporation $CMS Shares Sold by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. reduced its stake in CMS Energy Corporation by 2.8%, selling 10,201 shares, and now holds approximately 0.12% of the company valued at $26.8 million.
• CMS Energy recently reported a 14.4% increase in quarterly revenue year-over-year, totaling $1.84 billion, along with earnings per share of $0.71, surpassing analysts' expectations.
• The company announced a quarterly dividend of $0.5425 per share, which translates to an annualized dividend yield of 3.0%, with the payout ratio currently at 64.20%.

Raymond James Financial Inc. lowered its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 357,098 shares of the utilities provider's stock after selling 10,201 shares during the quarter. Raymond James Financial Inc. owned approximately 0.12% of CMS Energy worth $26,821,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. American Century Companies Inc. grew its position in shares of CMS Energy by 7.7% during the first quarter. American Century Companies Inc. now owns 85,572 shares of the utilities provider's stock worth $6,427,000 after purchasing an additional 6,133 shares in the last quarter. Horizon Investments LLC grew its position in shares of CMS Energy by 5.1% during the first quarter. Horizon Investments LLC now owns 4,349 shares of the utilities provider's stock worth $324,000 after purchasing an additional 210 shares in the last quarter. Trivium Point Advisory LLC grew its position in shares of CMS Energy by 41.3% during the first quarter. Trivium Point Advisory LLC now owns 4,797 shares of the utilities provider's stock worth $360,000 after purchasing an additional 1,401 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in CMS Energy during the 1st quarter valued at approximately $432,000. Finally, Lord Abbett & CO. LLC boosted its holdings 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 purchasing an additional 970,510 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the company'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 sale, the senior vice president owned 68,036 shares in the company, valued at $5,008,810.32. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by insiders.

CMS Energy Stock Up 0.8%

Shares of CMS traded up $0.54 during trading hours on Friday, hitting $71.75. The company had a trading volume of 601,933 shares, compared to its average volume of 2,455,659. The company has a market capitalization of $21.48 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 2.68 and a beta of 0.36. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45. The company's fifty day moving average price is $71.70 and its two-hundred day moving average price is $71.71.

CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. The company'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. As a group, equities analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

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

Wall Street Analyst Weigh In

CMS has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Wolfe Research restated a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Barclays upped their target price on CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Finally, Morgan Stanley reiterated an "outperform" rating on shares of CMS Energy in a report on Thursday, August 21st. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, CMS Energy presently has an average rating of "Moderate Buy" and an average price target of $77.25.

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.