Vaughan Nelson Investment Management L.P. Sells 16,381 Shares of CMS Energy Corporation $CMS

Key Points

• Vaughan Nelson Investment Management L.P. reduced its stake in CMS Energy by 3.0%, selling 16,381 shares during the second quarter, leaving it with a total of 537,619 shares valued at approximately $37.25 million.
• CMS Energy reported $1.84 billion in revenue for the quarter, exceeding analyst estimates of $1.68 billion, with a year-over-year revenue increase of 14.4%.
• The company declared a quarterly dividend of $0.5425 per share, resulting in an annualized yield of 3.0%, with a current dividend payout ratio of 64.20%.

Vaughan Nelson Investment Management L.P. lowered its position in CMS Energy Corporation (NYSE:CMS - Free Report) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 537,619 shares of the utilities provider's stock after selling 16,381 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.18% of CMS Energy worth $37,246,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Ascent Group LLC bought a new position in shares of CMS Energy in the second quarter worth $206,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of CMS Energy by 36.5% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,025 shares of the utilities provider's stock worth $417,000 after purchasing an additional 1,610 shares during the period. Mattern Capital Management LLC increased its holdings in shares of CMS Energy by 1.2% in the second quarter. Mattern Capital Management LLC now owns 118,363 shares of the utilities provider's stock worth $8,200,000 after purchasing an additional 1,367 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of CMS Energy by 8.2% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,460 shares of the utilities provider's stock worth $2,803,000 after purchasing an additional 3,083 shares during the period. Finally, ASR Vermogensbeheer N.V. increased its holdings in shares of CMS Energy by 0.6% in the second quarter. ASR Vermogensbeheer N.V. now owns 88,532 shares of the utilities provider's stock worth $6,133,000 after purchasing an additional 503 shares during the period. Institutional investors own 93.57% of the company's stock.

CMS Energy Stock Performance

NYSE CMS opened at $72.35 on Friday. The company has a 50-day simple moving average of $72.14 and a two-hundred day simple moving average of $71.65. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93. 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 $21.66 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.67 and a beta of 0.40.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) 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 business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the business posted $0.66 earnings per share. The company's 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. On average, equities 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 was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were given a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, August 8th. CMS Energy's dividend payout ratio is presently 64.20%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CMS. Weiss Ratings reissued a "buy (b-)" rating on shares of CMS Energy in a research note on Saturday, September 27th. Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a research note on Monday, July 7th. Barclays increased their target price on CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Wall Street Zen cut CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Finally, Morgan Stanley reduced their target price on CMS Energy from $73.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, CMS Energy currently has an average rating of "Moderate Buy" and a consensus target price of $77.36.

Insider Activity

In other news, SVP Lauren Y. Snyder sold 2,220 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $71.26, for a total transaction of $158,197.20. Following the completion of the sale, the senior vice president directly owned 13,512 shares in the company, valued at approximately $962,865.12. This represents a 14.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $73.62, for a total transaction of $147,240.00. Following the sale, the senior vice president owned 68,036 shares of the company's stock, valued at approximately $5,008,810.32. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

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.

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