Verition Fund Management LLC Sells 9,937,447 Shares of CMS Energy Corporation $CMS

Verition Fund Management LLC cut its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 96.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 338,227 shares of the utilities provider’s stock after selling 9,937,447 shares during the period. Verition Fund Management LLC’s holdings in CMS Energy were worth $23,652,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Sound Income Strategies LLC grew its position in shares of CMS Energy by 84.4% during the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock worth $25,000 after buying an additional 157 shares during the period. Elyxium Wealth LLC acquired a new position in CMS Energy in the fourth quarter valued at approximately $29,000. Quest 10 Wealth Builders Inc. lifted its holdings in CMS Energy by 653.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 467 shares of the utilities provider’s stock valued at $33,000 after buying an additional 405 shares during the period. Dorato Capital Management bought a new position in CMS Energy in the fourth quarter valued at approximately $37,000. Finally, Physician Wealth Advisors Inc. increased its holdings in CMS Energy by 29.7% in the fourth quarter. Physician Wealth Advisors Inc. now owns 703 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 161 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $4,987,018.41. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CMS shares. Truist Financial cut their price target on shares of CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Morgan Stanley set a $77.00 target price on shares of CMS Energy in a research note on Thursday, May 21st. Wells Fargo & Company set a $80.00 target price on CMS Energy in a report on Tuesday, April 21st. BMO Capital Markets dropped their price target on CMS Energy from $82.00 to $81.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Finally, KeyCorp restated an “overweight” rating and issued a $83.00 price target on shares of CMS Energy in a report on Monday, June 8th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.17.

CMS Energy Stock Performance

Shares of CMS stock opened at $73.51 on Monday. CMS Energy Corporation has a 12 month low of $68.41 and a 12 month high of $80.36. The company’s fifty day simple moving average is $74.81 and its 200-day simple moving average is $73.86. The firm has a market cap of $22.71 billion, a PE ratio of 20.31, a P/E/G ratio of 2.66 and a beta of 0.35. 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 (NYSE:CMS) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.02. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the business earned $1.02 EPS. The company’s revenue was up 11.6% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. Equities research analysts expect that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were given a $0.57 dividend. 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 3.1%. CMS Energy’s payout ratio is currently 62.98%.

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.