Illinois Municipal Retirement Fund Cuts Stock Position in CMS Energy Corporation $CMS

Illinois Municipal Retirement Fund decreased its position in shares of CMS Energy Corporation (NYSE:CMS) by 53.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,728 shares of the utilities provider’s stock after selling 49,476 shares during the period. Illinois Municipal Retirement Fund’s holdings in CMS Energy were worth $3,130,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. HM Payson & Co. increased its position in shares of CMS Energy by 65.6% during the third quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 141 shares in the last quarter. Private Trust Co. NA grew its stake in CMS Energy by 10.1% during the 3rd quarter. Private Trust Co. NA now owns 1,562 shares of the utilities provider’s stock worth $114,000 after buying an additional 143 shares during the last quarter. Tobam increased its position in CMS Energy by 35.0% during the 2nd quarter. Tobam now owns 559 shares of the utilities provider’s stock valued at $39,000 after buying an additional 145 shares in the last quarter. Covestor Ltd raised its stake in CMS Energy by 52.0% in the third quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock valued at $31,000 after buying an additional 145 shares during the last quarter. Finally, Harbour Investments Inc. boosted its holdings in CMS Energy by 15.1% in the second quarter. Harbour Investments Inc. now owns 1,278 shares of the utilities provider’s stock worth $89,000 after acquiring an additional 168 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CMS shares. Williams Trading set a $80.00 price objective on shares of CMS Energy in a report on Monday, February 9th. Morgan Stanley boosted their target price on shares of CMS Energy from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, February 2nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $80.00 price target (up previously from $79.00) on shares of CMS Energy in a report on Monday, February 9th. JPMorgan Chase & Co. lifted their price objective on shares of CMS Energy from $80.00 to $81.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, Barclays dropped their price objective on shares of CMS Energy from $82.00 to $74.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.31.

CMS Energy Stock Up 2.6%

CMS stock opened at $76.71 on Monday. The company has a market capitalization of $23.50 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 2.72 and a beta of 0.47. CMS Energy Corporation has a 12 month low of $67.71 and a 12 month high of $76.78. The firm’s fifty day simple moving average is $71.04 and its 200-day simple moving average is $72.28. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.98 and a quick ratio of 0.76.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, February 5th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.01. CMS Energy had a net margin of 12.54% and a return on equity of 12.09%. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the company posted $0.87 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. As a group, equities research analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, February 17th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.54. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.0%. CMS Energy’s dividend payout ratio (DPR) is currently 61.47%.

CMS Energy Company 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.