Vident Advisory LLC Has $868,000 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 cut its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 30.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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.

A number of other institutional investors have also recently bought and sold shares of the business. WPG Advisers LLC acquired a new stake in CMS Energy during the 1st quarter worth about $47,000. State of Wyoming boosted its position in CMS Energy by 15.2% during the 1st quarter. State of Wyoming now owns 1,899 shares of the utilities provider's stock worth $143,000 after acquiring an additional 251 shares during the period. Eisler Capital Management Ltd. acquired a new stake in CMS Energy during the 1st quarter worth about $1,208,000. B. Metzler seel. Sohn & Co. AG boosted its position in CMS Energy by 118.9% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 111,862 shares of the utilities provider's stock worth $8,402,000 after acquiring an additional 60,756 shares during the period. Finally, Ieq Capital LLC purchased a new stake in shares of CMS Energy during the 1st quarter worth about $1,004,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Down 0.0%

Shares of CMS stock opened at $71.52 on Friday. The stock's 50 day simple moving average is $71.92 and its 200 day simple moving average is $71.79. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. CMS Energy Corporation has a twelve month low of $63.97 and a twelve month high of $76.45. The company has a market capitalization of $21.41 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.66 and a beta of 0.39.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating 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 business 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 earned $0.66 EPS. The firm'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, research analysts predict that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

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

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company's stock.

Analyst Ratings Changes

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

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