The Manufacturers Life Insurance Company Sells 10,993 Shares of CMS Energy Corporation $CMS

The Manufacturers Life Insurance Company lowered its holdings in CMS Energy Corporation (NYSE:CMS) by 5.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 205,321 shares of the utilities provider’s stock after selling 10,993 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in CMS Energy were worth $15,929,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sound Income Strategies LLC raised its holdings in CMS Energy by 84.4% during the fourth 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 last quarter. Elyxium Wealth LLC acquired a new stake in shares of CMS Energy in the 4th quarter worth about $29,000. DV Equities LLC bought a new position in CMS Energy in the 4th quarter valued at about $29,000. MidFirst Bank acquired a new position in CMS Energy during the 4th quarter valued at about $31,000. Finally, Scarborough Advisors LLC acquired a new position in CMS Energy during the 1st quarter valued at about $31,000. Institutional investors own 93.57% of the company’s stock.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy 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 directly owned 67,111 shares in the company, valued at $4,987,018.41. The trade was a 4.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

CMS Energy Price Performance

Shares of NYSE CMS opened at $72.09 on Friday. The company has a market capitalization of $22.61 billion, a PE ratio of 21.65, a PEG ratio of 2.61 and a beta of 0.35. The company has a quick ratio of 0.66, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The stock’s 50 day moving average price is $74.23 and its 200-day moving average price is $74.81. CMS Energy Corporation has a twelve month low of $68.64 and a twelve month high of $80.36.

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

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.28 annualized dividend and a dividend yield of 3.2%. CMS Energy’s dividend payout ratio (DPR) is currently 68.47%.

Analysts Set New Price Targets

CMS has been the subject of several analyst reports. UBS Group reissued a “neutral” rating and issued a $84.00 price objective on shares of CMS Energy in a research note on Wednesday. Weiss Ratings cut CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Bank of America upped their price target on CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. increased their price target 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, Truist Financial dropped their price objective on CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.