Sterling Capital Management LLC Has $791,000 Stake in CMS Energy Corporation $CMS

Sterling Capital Management LLC lowered its position in CMS Energy Corporation (NYSE:CMS) by 43.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,200 shares of the utilities provider’s stock after selling 7,743 shares during the quarter. Sterling Capital Management LLC’s holdings in CMS Energy were worth $791,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMS. Sound Income Strategies LLC lifted its stake in CMS Energy by 84.4% in the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the last quarter. Elyxium Wealth LLC acquired a new position in CMS Energy during the fourth quarter worth approximately $29,000. DV Equities LLC bought a new stake in CMS Energy in the fourth quarter valued at approximately $29,000. MidFirst Bank acquired a new stake in shares of CMS Energy in the fourth quarter valued at approximately $31,000. Finally, Quest 10 Wealth Builders Inc. lifted its position in shares of 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 last quarter. Institutional investors own 93.57% of the company’s stock.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. 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 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. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.

CMS Energy Trading Down 0.6%

Shares of NYSE:CMS opened at $76.01 on Thursday. The company has a market capitalization of $23.48 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.77 and a beta of 0.35. CMS Energy Corporation has a 1 year low of $68.63 and a 1 year 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. The business’s 50 day simple moving average is $74.02 and its 200 day simple moving average is $74.12.

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

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, May 8th. CMS Energy’s payout ratio is 62.98%.

Wall Street Analyst Weigh In

CMS has been the topic of a number of research analyst reports. 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. Jefferies Financial Group downgraded shares of CMS Energy from a “buy” rating to a “hold” rating and decreased their price objective for the company from $88.00 to $74.00 in a report on Thursday, June 4th. Bank of America raised their target price on shares of CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Truist Financial reduced their target price on shares of CMS Energy from $86.00 to $83.00 and set a “buy” rating for the company in a report on Monday, May 18th. Finally, Wells Fargo & Company set a $80.00 price target on shares of CMS Energy in a report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and six have given 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.

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.