Lord Abbett & CO. LLC Has $233.34 Million Position in CMS Energy Corporation $CMS

Lord Abbett & CO. LLC lowered its holdings in CMS Energy Corporation (NYSE:CMS) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,336,728 shares of the utilities provider’s stock after selling 64,949 shares during the quarter. Lord Abbett & CO. LLC’s holdings in CMS Energy were worth $233,337,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cidel Asset Management Inc. grew its position in CMS Energy by 7.5% in the 3rd quarter. Cidel Asset Management Inc. now owns 346,729 shares of the utilities provider’s stock valued at $25,401,000 after purchasing an additional 24,071 shares during the period. Swiss Life Asset Management Ltd grew its position in CMS Energy by 62.2% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 74,552 shares of the utilities provider’s stock valued at $5,462,000 after purchasing an additional 28,577 shares during the period. iA Global Asset Management Inc. grew its position in CMS Energy by 2.3% in the 4th quarter. iA Global Asset Management Inc. now owns 1,323,167 shares of the utilities provider’s stock valued at $92,529,000 after purchasing an additional 30,000 shares during the period. Aberdeen Group plc grew its position in CMS Energy by 14.5% in the 4th quarter. Aberdeen Group plc now owns 877,487 shares of the utilities provider’s stock valued at $61,363,000 after purchasing an additional 111,075 shares during the period. Finally, Vanguard Group Inc. grew its position in CMS Energy by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock valued at $2,844,213,000 after purchasing an additional 1,501,991 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on CMS shares. Wall Street Zen downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Bank of America lifted their price target on shares of CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Morgan Stanley set a $77.00 price objective on shares of CMS Energy in a report on Thursday, May 21st. Truist Financial cut 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. Finally, Weiss Ratings reaffirmed 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.17.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total transaction of $222,930.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by corporate insiders.

CMS Energy Price Performance

CMS opened at $73.51 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.66. The company has a market capitalization of $22.71 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 2.64 and a beta of 0.35. The firm’s fifty day moving average price is $74.81 and its two-hundred day moving average price is $73.86. CMS Energy Corporation has a 1 year low of $68.41 and a 1 year high of $80.36.

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

CMS Energy Announces Dividend

The company also recently disclosed 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. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, May 8th. CMS Energy’s 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.