CMS Energy (NYSE:CMS) SVP Brandon Hofmeister Sells 3,000 Shares

CMS Energy Corporation (NYSE:CMS) SVP Brandon Hofmeister sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total value of $222,930.00. Following the completion of the sale, the senior vice president directly owned 67,111 shares of the company’s stock, valued at $4,987,018.41. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CMS Energy Stock Down 0.1%

NYSE:CMS traded down $0.05 on Wednesday, hitting $74.15. The stock had a trading volume of 556,512 shares, compared to its average volume of 2,943,965. The business’s fifty day moving average is $75.97 and its 200 day moving average is $74.01. The company has a market cap of $22.91 billion, a PE ratio of 20.50, a P/E/G ratio of 2.70 and a beta of 0.37. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 1.80. CMS Energy Corporation has a 52 week low of $68.37 and a 52 week high of $80.36.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.13 EPS for the quarter, beating 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 firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter last year, the firm posted $1.02 earnings per share. The company’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. On average, equities research analysts expect that CMS Energy Corporation will post 3.87 EPS 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 paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, May 8th. CMS Energy’s payout ratio is 62.98%.

Institutional Trading of CMS Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in CMS Energy by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock worth $2,844,213,000 after purchasing an additional 1,501,991 shares during the last quarter. Geode Capital Management LLC increased its stake in CMS Energy by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider’s stock valued at $579,902,000 after buying an additional 183,589 shares during the last quarter. Ameriprise Financial Inc. increased its stake in CMS Energy by 2.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,900,632 shares of the utilities provider’s stock valued at $358,865,000 after buying an additional 128,860 shares during the last quarter. Norges Bank bought a new position in shares of CMS Energy during the 4th quarter worth approximately $316,057,000. Finally, Pictet Asset Management Holding SA lifted its position in shares of CMS Energy by 16.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock worth $323,262,000 after buying an additional 595,564 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. BMO Capital Markets reduced their price objective on shares of CMS Energy from $85.00 to $82.00 and set an “outperform” rating for the company in a report on Monday, May 11th. Jefferies Financial Group raised their price target on shares of CMS Energy from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. UBS Group reiterated a “neutral” rating on shares of CMS Energy in a research note on Friday, February 6th. KeyCorp boosted their price objective on CMS Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on CMS Energy from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and an average target price of $80.83.

About CMS Energy

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.