SVB Wealth LLC Purchases Shares of 17,900 CMS Energy Corporation $CMS

SVB Wealth LLC purchased a new stake in shares of CMS Energy Corporation (NYSE:CMS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 17,900 shares of the utilities provider’s stock, valued at approximately $1,240,000.

A number of other hedge funds also recently modified their holdings of CMS. Bank of Nova Scotia raised its position in CMS Energy by 611.7% during the 2nd quarter. Bank of Nova Scotia now owns 259,974 shares of the utilities provider’s stock worth $18,011,000 after purchasing an additional 223,444 shares during the last quarter. Brown Advisory Inc. acquired a new stake in shares of CMS Energy in the second quarter valued at about $224,000. Guggenheim Capital LLC raised its position in shares of CMS Energy by 22.4% during the second quarter. Guggenheim Capital LLC now owns 58,931 shares of the utilities provider’s stock worth $4,083,000 after acquiring an additional 10,794 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of CMS Energy by 68.5% in the second quarter. EverSource Wealth Advisors LLC now owns 4,460 shares of the utilities provider’s stock worth $309,000 after acquiring an additional 1,813 shares during the period. Finally, Blueshift Asset Management LLC bought a new stake in CMS Energy in the second quarter valued at approximately $864,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 4,000 shares of CMS Energy stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $72.47, for a total transaction of $289,880.00. Following the completion of the transaction, the senior vice president directly owned 64,259 shares in the company, valued at $4,656,849.73. This trade represents a 5.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CMS shares. Weiss Ratings restated a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday, October 8th. Barclays increased their price objective on shares of CMS Energy from $78.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Wall Street Zen upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. KeyCorp increased their price target on CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, Morgan Stanley boosted their price objective on CMS Energy from $71.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.36.

CMS Energy Stock Down 0.1%

CMS stock opened at $70.48 on Wednesday. The stock’s 50 day simple moving average is $73.58 and its 200 day simple moving average is $72.04. The company has a market cap of $21.45 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 2.69 and a beta of 0.47. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.60 and a current ratio of 0.90. CMS Energy Corporation has a fifty-two week low of $63.97 and a fifty-two week high of $76.45.

CMS Energy (NYSE:CMS) last released 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 12.10% and a net margin of 12.62%.The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS and its FY 2025 guidance at 3.560-3.600 EPS. On average, research analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th were paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, November 7th. CMS Energy’s payout ratio 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.