Vident Advisory LLC Cuts Stock Holdings in CMS Energy Corporation $CMS

Key Points

• Vident Advisory LLC reduced its holdings in CMS Energy Corporation by 30.6% in the first quarter, now owning 11,555 shares valued at $868,000.
• CMS Energy's quarterly earnings beat analysts' estimates, reporting $0.71 earnings per share and revenue of $1.84 billion, up 14.4% year-over-year.
• The company announced a quarterly dividend of $0.5425, with an annualized yield of 3.0% and a payout ratio of 64.20%.

Vident Advisory LLC lowered its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 30.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,555 shares of the utilities provider's stock after selling 5,102 shares during the quarter. Vident Advisory LLC's holdings in CMS Energy were worth $868,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CMS. Vanguard Group Inc. boosted its holdings in CMS Energy by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 38,341,416 shares of the utilities provider's stock worth $2,879,824,000 after acquiring an additional 166,328 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of CMS Energy by 16.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,554,877 shares of the utilities provider's stock worth $1,243,438,000 after buying an additional 2,297,928 shares in the last quarter. Northern Trust Corp boosted its stake in shares of CMS Energy by 1.3% in the 1st quarter. Northern Trust Corp now owns 3,026,335 shares of the utilities provider's stock worth $227,308,000 after buying an additional 39,846 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of CMS Energy by 21.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,624,075 shares of the utilities provider's stock valued at $174,895,000 after acquiring an additional 468,233 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of CMS Energy by 72.9% during the first quarter. Lord Abbett & CO. LLC now owns 2,302,338 shares of the utilities provider's stock valued at $172,929,000 after acquiring an additional 970,510 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley reiterated an "outperform" rating on shares of CMS Energy in a report on Thursday, August 21st. Barclays lifted their target price on CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Wolfe Research restated a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $77.25.

Insider Transactions 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 transaction of $147,240.00. Following the sale, the senior vice president directly 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 SEC, which is available at this link. Also, SVP Lauren Y. Snyder sold 2,220 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $71.26, for a total transaction of $158,197.20. Following the sale, the senior vice president directly owned 13,512 shares in the company, valued at $962,865.12. This trade represents a 14.11% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

CMS Energy Stock Performance

CMS traded up $0.30 on Wednesday, hitting $71.21. The company's stock had a trading volume of 1,790,096 shares, compared to its average volume of 1,866,268. The company's 50 day simple moving average is $72.04 and its 200-day simple moving average is $71.80. The firm has a market cap of $21.31 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 2.64 and a beta of 0.39. CMS Energy Corporation has a 12 month low of $63.97 and a 12 month high of $76.45. 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 (NYSE:CMS - Get Free Report) last issued its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. The business's revenue for the quarter 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. Analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

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

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.