CMS Energy (NYSE:CMS) CFO Srikanth Maddipati Buys 200 Shares of Stock

CMS Energy Corporation (NYSE:CMS) CFO Srikanth Maddipati acquired 200 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $72.45 per share, for a total transaction of $14,490.00. Following the purchase, the chief financial officer directly owned 34,895 shares in the company, valued at $2,528,142.75. This trade represents a 0.58% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CMS Energy Stock Down 0.4%

Shares of CMS Energy stock opened at $71.73 on Tuesday. The company has a market capitalization of $22.49 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 2.61 and a beta of 0.35. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67. The business has a 50-day moving average of $74.17 and a two-hundred day moving average of $74.86. CMS Energy Corporation has a 1 year low of $68.64 and a 1 year high of $80.36.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the business posted $0.71 EPS. CMS Energy’s revenue for the quarter was down .5% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, equities analysts predict that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, August 7th. CMS Energy’s dividend payout ratio is 68.47%.

Institutional Investors Weigh In On CMS Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bison Wealth LLC bought a new position in shares of CMS Energy in the 4th quarter valued at about $312,000. Integrated Wealth Concepts LLC bought a new position in CMS Energy in the first quarter valued at approximately $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in CMS Energy by 10.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock valued at $2,602,000 after purchasing an additional 3,367 shares in the last quarter. Empowered Funds LLC increased its position in shares of CMS Energy by 22.0% during the 1st quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock worth $510,000 after purchasing an additional 1,226 shares during the last quarter. Finally, Woodline Partners LP raised its stake in shares of CMS Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock worth $1,896,000 after purchasing an additional 7,300 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wall Street Zen raised shares of CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. Jefferies Financial Group set a $78.00 price target on CMS Energy in a report on Thursday, July 16th. BMO Capital Markets upped their price objective on CMS Energy from $81.00 to $86.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. lifted their target price on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Bank of America boosted their target price on CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.83.

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.