Employees Retirement System of Texas cut its position in CMS Energy Corporation (NYSE:CMS – Free Report) by 69.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,497 shares of the utilities provider’s stock after selling 44,202 shares during the quarter. Employees Retirement System of Texas’ holdings in CMS Energy were worth $1,363,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in CMS. Bison Wealth LLC acquired a new position in shares of CMS Energy in the 4th quarter valued at approximately $312,000. Integrated Wealth Concepts LLC acquired a new position in shares of CMS Energy during the 1st quarter worth $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of CMS Energy by 10.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock worth $2,602,000 after buying an additional 3,367 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of CMS Energy by 22.0% during the 1st quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock worth $510,000 after buying an additional 1,226 shares in the last quarter. Finally, Woodline Partners LP raised its holdings in shares of CMS Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock worth $1,896,000 after buying an additional 7,300 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have recently commented on CMS shares. Bank of America boosted their price target on CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Williams Trading set a $80.00 price target on CMS Energy in a report on Monday, February 9th. JPMorgan Chase & Co. lowered their price objective on shares of CMS Energy from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Barclays lowered their price objective on shares of CMS Energy from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, KeyCorp upped their price objective on shares of CMS Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and a consensus target price of $80.83.
CMS Energy Price Performance
Shares of CMS opened at $74.22 on Thursday. CMS Energy Corporation has a 12-month low of $68.37 and a 12-month high of $80.36. The business has a 50-day simple moving average of $75.89 and a two-hundred day simple moving average of $74.03. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 1.80. The stock has a market cap of $22.93 billion, a PE ratio of 20.50, a PEG ratio of 2.69 and a beta of 0.37.
CMS Energy (NYSE:CMS – Get Free Report) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the firm earned $1.02 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. Analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.
CMS Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, May 8th. CMS Energy’s dividend payout ratio is 62.98%.
Insider Activity at CMS Energy
In other CMS Energy news, CAO Scott B. Mcintosh sold 1,750 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $78.20, for a total value of $136,850.00. Following the completion of the transaction, the chief accounting officer directly owned 24,223 shares in the company, valued at approximately $1,894,238.60. This represents a 6.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $78.23, for a total transaction of $312,920.00. Following the completion of the transaction, the senior vice president owned 70,670 shares of the company’s stock, valued at approximately $5,528,514.10. This trade represents a 5.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 8,750 shares of company stock valued at $672,700. Corporate insiders own 0.50% of the company’s stock.
CMS Energy Profile
CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.
Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.
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