Miller Howard Investments Inc. NY Lowers Position in CMS Energy Corporation $CMS

Miller Howard Investments Inc. NY lessened its stake in CMS Energy Corporation (NYSE:CMS) by 2.5% during the 1st quarter, HoldingsChannel reports. The firm owned 563,102 shares of the utilities provider’s stock after selling 14,312 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in CMS Energy were worth $43,685,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC lifted its stake in shares of CMS Energy by 84.4% in the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the period. Elyxium Wealth LLC acquired a new stake in CMS Energy during the fourth quarter valued at $29,000. DV Equities LLC purchased a new position in CMS Energy in the fourth quarter valued at $29,000. MidFirst Bank purchased a new position in CMS Energy in the fourth quarter valued at $31,000. Finally, Quest 10 Wealth Builders Inc. raised its position in shares of CMS Energy by 653.2% in 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 during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s stock in a transaction that occurred 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 owned 67,111 shares in the company, valued at $4,987,018.41. This trade represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by company insiders.

CMS Energy Stock Up 2.1%

CMS stock opened at $75.36 on Wednesday. The stock has a market capitalization of $23.28 billion, a P/E ratio of 20.82, a P/E/G ratio of 2.67 and a beta of 0.35. The firm has a 50-day simple moving average of $74.11 and a 200-day simple moving average of $73.84. 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 $68.41 and a 52 week high of $80.36.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.46 billion. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. CMS Energy’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company posted $1.02 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. Equities analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CMS. BMO Capital Markets lowered their target price on shares of CMS Energy from $82.00 to $81.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Morgan Stanley set a $77.00 price target on CMS Energy in a research note on Thursday, May 21st. Jefferies Financial Group cut CMS Energy from a “buy” rating to a “hold” rating and reduced their price target for the stock from $88.00 to $74.00 in a report on Thursday, June 4th. Barclays lowered their price target on CMS Energy from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of CMS Energy in a report on Friday, June 5th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.17.

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.