CMS Energy (NYSE:CMS) SVP Brandon Hofmeister Sells 3,000 Shares

CMS Energy Corporation (NYSE:CMS) SVP Brandon Hofmeister sold 3,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total value of $222,930.00. Following the completion of the sale, the senior vice president directly owned 67,111 shares in the company, valued at $4,987,018.41. This represents a 4.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CMS Energy Price Performance

Shares of NYSE CMS opened at $74.22 on Thursday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.66 and a current ratio of 0.84. CMS Energy Corporation has a fifty-two week low of $68.37 and a fifty-two week high of $80.36. The firm has a market capitalization of $22.93 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 2.69 and a beta of 0.37. The stock’s 50-day simple moving average is $75.89 and its 200-day simple moving average is $74.03.

CMS Energy (NYSE:CMS) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the company earned $1.02 EPS. The business’s quarterly revenue was up 11.6% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. As a group, equities research analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 8th will be paid 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 is Friday, May 8th. CMS Energy’s dividend payout ratio (DPR) is currently 62.98%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of CMS Energy in the fourth quarter valued at approximately $316,057,000. Magellan Asset Management Ltd boosted its stake in shares of CMS Energy by 698.7% in the first quarter. Magellan Asset Management Ltd now owns 2,019,954 shares of the utilities provider’s stock valued at $156,708,000 after buying an additional 1,767,059 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of CMS Energy by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock valued at $2,844,213,000 after buying an additional 1,501,991 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of CMS Energy by 70.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,571,251 shares of the utilities provider’s stock valued at $249,738,000 after buying an additional 1,481,779 shares in the last quarter. Finally, Parnassus Investments LLC purchased a new stake in shares of CMS Energy in the fourth quarter valued at approximately $102,983,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Mizuho raised their price target on CMS Energy from $73.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. UBS Group restated a “neutral” rating on shares of CMS Energy in a research note on Friday, February 6th. BMO Capital Markets lowered their target price on CMS Energy from $85.00 to $82.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Wall Street Zen downgraded CMS Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Finally, Bank of America lifted 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. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.83.

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.