Illinois Municipal Retirement Fund Has $6.39 Million Position in CMS Energy Corporation $CMS

Illinois Municipal Retirement Fund lessened its stake in shares of CMS Energy Corporation (NYSE:CMS) by 44.8% during the second quarter, Holdings Channel.com reports. The firm owned 92,204 shares of the utilities provider’s stock after selling 74,845 shares during the period. Illinois Municipal Retirement Fund’s holdings in CMS Energy were worth $6,388,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AlphaQuest LLC lifted its stake in shares of CMS Energy by 285.5% in the first quarter. AlphaQuest LLC now owns 451 shares of the utilities provider’s stock valued at $34,000 after buying an additional 334 shares in the last quarter. Trust Co. of Vermont boosted its stake in CMS Energy by 127.7% during the 2nd quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 300 shares during the last quarter. WPG Advisers LLC bought a new stake in CMS Energy during the 1st quarter worth approximately $47,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of CMS Energy in the second quarter worth approximately $58,000. Finally, Harbour Investments Inc. raised its stake in shares of CMS Energy by 38.1% in the first quarter. Harbour Investments Inc. now owns 1,110 shares of the utilities provider’s stock worth $83,000 after purchasing an additional 306 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CMS has been the topic of several analyst reports. Barclays lifted their target price on CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. KeyCorp raised their price objective on CMS Energy from $76.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Wall Street Zen raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Wells Fargo & Company upgraded shares of CMS Energy to a “hold” rating in a report on Tuesday, October 28th. Finally, Morgan Stanley raised their price target on shares of CMS Energy from $71.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.36.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 4,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $72.47, for a total value of $289,880.00. Following the sale, the senior vice president directly owned 64,259 shares in the company, valued at approximately $4,656,849.73. The trade was a 5.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Lauren Y. Snyder sold 2,220 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $71.26, for a total transaction of $158,197.20. Following the transaction, the senior vice president owned 13,512 shares of the company’s stock, valued at $962,865.12. This represents a 14.11% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.40% of the company’s stock.

CMS Energy Stock Up 1.1%

CMS Energy stock opened at $74.84 on Wednesday. The firm has a 50 day moving average price of $72.72 and a 200-day moving average price of $71.80. 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 twelve month low of $63.97 and a twelve month high of $76.45. The company has a market capitalization of $22.78 billion, a P/E ratio of 22.14, a P/E/G ratio of 2.76 and a beta of 0.42.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. CMS Energy’s revenue for the quarter was up 15.9% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS. FY 2025 guidance at 3.560-3.600 EPS. As a group, equities analysts predict that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be issued a $0.5425 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $2.17 annualized dividend and a yield of 2.9%. CMS Energy’s dividend payout ratio (DPR) is 62.72%.

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.