CMS Energy Corporation $CMS Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its holdings in CMS Energy Corporation (NYSE:CMS) by 6.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 184,945 shares of the utilities provider’s stock after selling 13,345 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in CMS Energy were worth $14,348,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Caxton Associates LLP acquired a new position in CMS Energy during the first quarter worth $201,000. Lido Advisors LLC lifted its holdings in CMS Energy by 1.0% in the first quarter. Lido Advisors LLC now owns 18,123 shares of the utilities provider’s stock valued at $1,406,000 after acquiring an additional 174 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in CMS Energy in the first quarter valued at $204,000. Magellan Asset Management Ltd boosted its position in shares of CMS Energy by 698.7% during the 1st quarter. Magellan Asset Management Ltd now owns 2,019,954 shares of the utilities provider’s stock worth $156,708,000 after purchasing an additional 1,767,059 shares in the last quarter. Finally, Westpac Banking Corp purchased a new stake in shares of CMS Energy during the 1st quarter worth $1,423,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CMS shares. Wells Fargo & Company set a $80.00 price target on shares of CMS Energy in a report on Tuesday, April 21st. Truist Financial decreased their price objective on shares of CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Barclays increased their target price on shares of CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of CMS Energy in a research report on Friday, June 5th. Finally, Jefferies Financial Group set a $78.00 price target on CMS Energy in a research note on Thursday, July 16th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $81.33.

Insider Activity 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 transaction of $222,930.00. Following the sale, the senior vice president owned 67,111 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by insiders.

CMS Energy Trading Up 0.2%

Shares of CMS opened at $74.83 on Monday. 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 $68.64 and a 1-year high of $80.36. The stock has a market cap of $23.12 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 2.71 and a beta of 0.35. The firm has a 50 day simple moving average of $74.22 and a 200-day simple moving average of $74.73.

CMS Energy (NYSE:CMS) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share (EPS) 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 return on equity of 12.17% and a net margin of 12.55%.CMS Energy’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, August 7th. CMS Energy’s dividend payout ratio is currently 62.98%.

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.