Havemeyer Place LP Invests $1.30 Million in CMS Energy Corporation $CMS

Havemeyer Place LP bought a new position in shares of CMS Energy Corporation (NYSE:CMS) during the fourth quarter, Holdings Channel.com reports. The fund bought 18,612 shares of the utilities provider’s stock, valued at approximately $1,302,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC increased its position in shares of 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 purchasing an additional 157 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of CMS Energy during the fourth quarter worth about $29,000. Quest 10 Wealth Builders Inc. increased its position in shares of CMS Energy by 653.2% during the fourth 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 in the last quarter. Dorato Capital Management acquired a new stake in shares of CMS Energy during the fourth quarter worth about $37,000. Finally, Physician Wealth Advisors Inc. increased its position in shares of CMS Energy by 29.7% during the fourth quarter. Physician Wealth Advisors Inc. now owns 703 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds 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 CMS Energy stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total value of $222,930.00. Following the sale, the senior vice president owned 67,111 shares of the company’s stock, valued at approximately $4,987,018.41. The trade was a 4.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

CMS has been the topic of a number of research analyst reports. Williams Trading set a $80.00 target price on CMS Energy in a research report on Monday, February 9th. Truist Financial cut their target price on CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. KeyCorp raised their price target on CMS Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. BMO Capital Markets lowered their price target on CMS Energy from $82.00 to $81.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Jefferies Financial Group lowered CMS Energy from a “buy” rating to a “hold” rating and lowered their price target for the stock from $88.00 to $74.00 in a report on Thursday. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $80.17.

CMS Energy Price Performance

Shares of CMS opened at $71.98 on Monday. CMS Energy Corporation has a twelve month low of $68.41 and a twelve month high of $80.36. The stock’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 P/E/G ratio of 2.61 and a beta of 0.35. The company has a current ratio of 0.84, a quick ratio of 0.66 and a debt-to-equity ratio of 1.80.

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 analysts’ consensus estimates of $1.11 by $0.02. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the company earned $1.02 EPS. The firm’s revenue for the quarter 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. Research analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Friday, May 8th. CMS Energy’s payout ratio is currently 62.98%.

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.