Frank Rimerman Advisors LLC Trims Stock Position in CMS Energy Corporation $CMS

Frank Rimerman Advisors LLC lowered its stake in shares of CMS Energy Corporation (NYSE:CMS) by 20.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,971 shares of the utilities provider’s stock after selling 1,051 shares during the period. Frank Rimerman Advisors LLC’s holdings in CMS Energy were worth $275,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in CMS Energy by 0.4% during the first quarter. Vanguard Group Inc. now owns 38,341,416 shares of the utilities provider’s stock worth $2,879,824,000 after acquiring an additional 166,328 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of CMS Energy by 16.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,554,877 shares of the utilities provider’s stock valued at $1,243,438,000 after purchasing an additional 2,297,928 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of CMS Energy by 1.6% during the second quarter. Geode Capital Management LLC now owns 8,020,765 shares of the utilities provider’s stock valued at $553,440,000 after purchasing an additional 130,059 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of CMS Energy by 20.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,483,585 shares of the utilities provider’s stock worth $336,762,000 after purchasing an additional 753,173 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of CMS Energy by 29.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,407,152 shares of the utilities provider’s stock worth $255,911,000 after buying an additional 783,077 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CMS. Morgan Stanley increased their target price on CMS Energy from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company raised shares of CMS Energy to a “hold” rating in a research report on Tuesday, October 28th. KeyCorp lifted their target price on shares of CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, October 8th. Finally, Barclays increased their price target on shares of CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and an average price target of $78.36.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 4,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $72.47, for a total transaction of $289,880.00. Following the completion of the sale, the senior vice president owned 64,259 shares of the company’s stock, valued at $4,656,849.73. This represents a 5.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Lauren Y. Snyder sold 2,220 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $71.26, for a total transaction of $158,197.20. Following the completion of the transaction, the senior vice president owned 13,512 shares in the company, valued at $962,865.12. This trade represents a 14.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.40% of the company’s stock.

CMS Energy Stock Up 0.7%

Shares of CMS Energy stock opened at $73.43 on Friday. CMS Energy Corporation has a twelve month low of $63.97 and a twelve month high of $76.45. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93. The company’s 50 day moving average is $73.09 and its 200 day moving average is $71.86. The company has a market cap of $22.35 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 2.76 and a beta of 0.42.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, October 30th. The utilities provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.83 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 EPS. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS. FY 2025 guidance at 3.560-3.600 EPS. Research analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be given a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, November 7th. CMS Energy’s dividend payout ratio (DPR) is presently 62.72%.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.