Russell Investments Group Ltd. Has $18.04 Million Holdings in CMS Energy Corporation $CMS

Key Points

• Russell Investments Group Ltd. reduced its stake in CMS Energy Corporation by 28.7%, selling 96,852 shares, and now owns 240,340 shares valued at $18,040,000.
• CMS Energy recently announced a quarterly dividend of $0.5425, leading to an annualized yield of 3.0% and a payout ratio of 64.20%.
• The company reported a $0.71 EPS for the most recent quarter, surpassing estimates and indicating a year-over-year revenue increase of 14.4%.

Russell Investments Group Ltd. cut its position in CMS Energy Corporation (NYSE:CMS - Free Report) by 28.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 240,340 shares of the utilities provider's stock after selling 96,852 shares during the quarter. Russell Investments Group Ltd. owned about 0.08% of CMS Energy worth $18,040,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in shares of CMS Energy by 32.4% in the fourth 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 in the last quarter. Nuveen LLC bought a new stake in CMS Energy during the first quarter worth approximately $106,745,000. Zimmer Partners LP bought a new stake in CMS Energy during the fourth quarter worth approximately $89,173,000. GAMMA Investing LLC raised its holdings in CMS Energy by 8,733.7% during the first quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider's stock worth $76,110,000 after purchasing an additional 1,001,838 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in CMS Energy during the first quarter worth approximately $41,611,000. 93.57% of the stock is currently owned by institutional investors.

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 stock was sold at an average price of $73.62, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company's stock.

CMS Energy Trading Up 0.5%

CMS Energy stock traded up $0.3350 during midday trading on Friday, reaching $73.1150. The stock had a trading volume of 260,257 shares, compared to its average volume of 2,475,151. The firm's fifty day simple moving average is $71.42 and its two-hundred day simple moving average is $71.56. CMS Energy Corporation has a twelve month low of $63.97 and a twelve month high of $76.45. 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 cap of $21.89 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 2.71 and a beta of 0.36.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The company's revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Equities analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CMS shares. Wells Fargo & Company boosted their target price on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Morgan Stanley set a $71.00 price objective on shares of CMS Energy and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. BMO Capital Markets raised their price objective on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Evercore ISI raised 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 report on Monday, April 28th. Finally, Scotiabank restated an "outperform" rating and set a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.