CMS Energy Corporation $CMS Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in CMS Energy Corporation (NYSE:CMS) by 36.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 220,685 shares of the utilities provider’s stock after selling 126,783 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CMS Energy were worth $14,044,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of CMS. Avion Wealth grew its holdings in CMS Energy by 139.3% during the third quarter. Avion Wealth now owns 390 shares of the utilities provider’s stock worth $25,000 after buying an additional 227 shares in the last quarter. University of Texas Texas AM Investment Management Co. raised its position in CMS Energy by 396.7% in the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 2,240 shares of the utilities provider’s stock valued at $141,000 after buying an additional 1,789 shares during the last quarter. M Holdings Securities Inc. bought a new position in CMS Energy during the 3rd quarter valued at $956,000. Brighton Jones LLC lifted its stake in CMS Energy by 438.6% during the 3rd quarter. Brighton Jones LLC now owns 19,234 shares of the utilities provider’s stock valued at $1,213,000 after acquiring an additional 15,663 shares in the last quarter. Finally, Ethic Inc. boosted its holdings in CMS Energy by 173.5% during the 3rd quarter. Ethic Inc. now owns 139,914 shares of the utilities provider’s stock worth $8,826,000 after acquiring an additional 88,748 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $70.31 on Friday. The company’s 50-day moving average is $67.09 and its 200 day moving average is $72.46. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.67 and a current ratio of 0.95. The company has a market capitalization of $22.05 billion, a P/E ratio of 25.11, a price-to-earnings-growth ratio of 2.53 and a beta of 0.31. CMS Energy Corporation has a fifty-two week low of $62.28 and a fifty-two week high of $80.36.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Tuesday, October 27th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.23 billion. CMS Energy had a net margin of 9.72% and a return on equity of 12.28%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 earnings per share. On average, equities research analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 6th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $2.28 annualized dividend and a dividend yield of 3.2%. CMS Energy’s payout ratio is presently 81.43%.

Analyst Ratings Changes

CMS has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of CMS Energy from $79.00 to $73.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 28th. Capital One Financial set a $73.00 price target on shares of CMS Energy in a research report on Tuesday, October 6th. Royal Bank Of Canada set a $73.00 price target on shares of CMS Energy in a research report on Tuesday, October 6th. HSBC initiated coverage on shares of CMS Energy in a report on Thursday, October 22nd. They set a “hold” rating and a $69.00 price target on the stock. Finally, Argus reaffirmed a “buy” rating and issued a $80.00 price objective on shares of CMS Energy in a research report on Wednesday, August 26th. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $77.35.

About CMS Energy

CMS Energy is a Michigan-based energy company and the parent of Consumers Energy, a regulated utility that provides electricity and natural gas to homes and businesses across Michigan’s Lower Peninsula. Consumers Energy serves customers in all 68 counties in the peninsula. Through Consumers Energy, the company generates, purchases, transmits and distributes electricity, and supplies natural gas. Its operations include maintaining utility infrastructure and developing energy resources, including renewable generation, to support the region’s energy needs.