CMS Energy Corporation $CMS Shares Purchased by Vestcor Inc

Vestcor Inc boosted its position in CMS Energy Corporation (NYSE:CMS) by 172.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 38,199 shares of the utilities provider’s stock after acquiring an additional 24,200 shares during the period. Vestcor Inc’s holdings in CMS Energy were worth $2,671,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CMS. Sound Income Strategies LLC lifted its stake 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 purchasing an additional 157 shares during the period. Elyxium Wealth LLC purchased a new position in shares of CMS Energy during the 4th quarter worth $29,000. Quest 10 Wealth Builders Inc. lifted its stake in shares of CMS Energy by 653.2% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 467 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 405 shares during the period. Dorato Capital Management purchased a new position in shares of CMS Energy during the 4th quarter worth $37,000. Finally, Physician Wealth Advisors Inc. lifted its stake in shares of CMS Energy by 29.7% during the 4th quarter. Physician Wealth Advisors Inc. now owns 703 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 161 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Trading Up 2.3%

NYSE:CMS opened at $71.98 on Friday. The business’s 50-day moving average is $75.25 and its two-hundred day moving average is $73.90. The firm has a market capitalization of $22.23 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 2.61 and a beta of 0.35. CMS Energy Corporation has a 12 month low of $68.41 and a 12 month high of $80.36. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.66.

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

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, May 8th. CMS Energy’s payout ratio is presently 62.98%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wall Street Zen lowered CMS Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Williams Trading set a $80.00 price target on CMS Energy in a research note on Monday, February 9th. JPMorgan Chase & Co. cut their price objective on shares of CMS Energy from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. 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, Morgan Stanley set a $77.00 price objective on shares of CMS Energy in a report on Thursday, May 21st. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and an average target price of $80.17.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the company’s stock in a transaction on 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 transaction, the senior vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

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.