CMS Energy Corporation $CMS Shares Sold by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in CMS Energy Corporation by 4.3%, owning 78,400 shares worth approximately $5.89 million as of its latest SEC filing.
• Several institutional investors have increased their positions in CMS Energy, with a notable increase of 39.2% by Optiver Holding B.V. during the last quarter.
• Analysts have varying ratings on CMS Energy, with a consensus rating of "Hold" and a price target of $77.25, while the company recently reported $0.71 EPS for the quarter, exceeding estimates.

State of New Jersey Common Pension Fund D lessened its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 4.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 78,400 shares of the utilities provider's stock after selling 3,534 shares during the period. State of New Jersey Common Pension Fund D's holdings in CMS Energy were worth $5,889,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CMS. Teachers Retirement System of The State of Kentucky boosted its stake in shares of CMS Energy by 4.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,064 shares of the utilities provider's stock worth $1,732,000 after acquiring an additional 893 shares during the period. Private Trust Co. NA boosted its stake in shares of CMS Energy by 14.4% in the first quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider's stock worth $110,000 after acquiring an additional 185 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of CMS Energy by 9.4% in the first quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider's stock worth $350,000 after acquiring an additional 400 shares during the period. State of Alaska Department of Revenue lifted its position in shares of 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, Cerity Partners LLC lifted its position in shares of CMS Energy by 32.6% in the first quarter. Cerity Partners LLC now owns 34,681 shares of the utilities provider's stock worth $2,605,000 after buying an additional 8,536 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

CMS Energy Trading Up 0.4%

Shares of NYSE CMS traded up $0.3130 during midday trading on Friday, hitting $73.0930. The company's stock had a trading volume of 1,807,168 shares, compared to its average volume of 2,469,819. 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 50 day moving average is $71.47 and its two-hundred day moving average is $71.61. CMS Energy Corporation has a 12-month low of $63.97 and a 12-month high of $76.45. The firm has a market cap of $21.88 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 2.71 and a beta of 0.36.

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

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.0%. CMS Energy's dividend payout ratio (DPR) is presently 64.20%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen downgraded CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Scotiabank restated an "outperform" rating and set a $81.00 price objective (up from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Wolfe Research restated a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Barclays upped their price objective on CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Finally, Morgan Stanley set a $71.00 price objective on CMS Energy and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $77.25.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction 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 completion of the sale, the senior vice president owned 68,036 shares of the company's stock, valued at $5,008,810.32. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is owned by insiders.

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.