Sterling Capital Management LLC Sells 7,743 Shares of CMS Energy Corporation $CMS

Sterling Capital Management LLC lessened its holdings in CMS Energy Corporation (NYSE:CMS) by 43.2% during the first quarter, HoldingsChannel reports. The firm owned 10,200 shares of the utilities provider’s stock after selling 7,743 shares during the quarter. Sterling Capital Management LLC’s holdings in CMS Energy were worth $791,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC lifted its position in shares of CMS Energy by 84.4% during the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock worth $25,000 after buying an additional 157 shares during the last quarter. Elyxium Wealth LLC bought a new position in CMS Energy in the fourth quarter valued at about $29,000. DV Equities LLC bought a new position in CMS Energy in the fourth quarter valued at about $29,000. MidFirst Bank acquired a new position in CMS Energy during the fourth quarter worth about $31,000. Finally, Quest 10 Wealth Builders Inc. raised its stake in CMS Energy by 653.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 467 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 405 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Price Performance

CMS stock opened at $76.01 on Thursday. The stock has a market capitalization of $23.48 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 2.77 and a beta of 0.35. The company’s 50-day moving average is $74.02 and its 200-day moving average is $74.12. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.66. CMS Energy Corporation has a 1 year low of $68.63 and a 1 year high of $80.36.

CMS Energy (NYSE:CMS) last issued its earnings results 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 business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the company posted $1.02 EPS. The firm’s revenue 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. Equities research analysts expect that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 8th. CMS Energy’s dividend payout ratio is presently 62.98%.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total value of $222,930.00. Following the transaction, the senior vice president directly owned 67,111 shares in the company, valued at $4,987,018.41. This trade represents a 4.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. KeyCorp restated an “overweight” rating and issued a $83.00 price target on shares of CMS Energy in a research note on Monday, June 8th. BMO Capital Markets lowered their price objective on shares of CMS Energy from $82.00 to $81.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Wells Fargo & Company set a $80.00 price objective on shares of CMS Energy in a research note on Tuesday, April 21st. Barclays decreased their target price on shares of CMS Energy from $81.00 to $79.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. dropped their price target 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. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.17.

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.