Flputnam Investment Management Co. Makes New Investment in CMS Energy Corporation $CMS

Flputnam Investment Management Co. bought a new stake in shares of CMS Energy Corporation (NYSE:CMS) in the 2nd quarter, Holdings Channel reports. The firm bought 50,096 shares of the utilities provider’s stock, valued at approximately $3,832,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Scarborough Advisors LLC bought a new stake in shares of CMS Energy during the 1st quarter worth approximately $31,000. Elyxium Wealth LLC purchased a new position in CMS Energy during the 4th quarter valued at $29,000. DV Equities LLC bought a new position in CMS Energy in the 4th quarter valued at $29,000. MidFirst Bank bought a new position in CMS Energy in the 4th quarter valued at $31,000. Finally, Quest 10 Wealth Builders Inc. increased its stake in CMS Energy by 653.2% in 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 during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMS has been the subject of several research analyst reports. Mizuho decreased their target price on CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Jefferies Financial Group set a $78.00 price target on shares of CMS Energy in a report on Thursday, July 16th. Weiss Ratings downgraded shares of CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Morgan Stanley set a $77.00 price objective on shares of CMS Energy in a report on Thursday, May 21st. Finally, Barclays boosted their price objective on shares of CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.67.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total transaction of $222,930.00. Following the transaction, the senior vice president directly owned 67,111 shares in the company, valued at approximately $4,987,018.41. This trade represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company’s stock.

CMS Energy Price Performance

CMS opened at $71.11 on Monday. The company has a market capitalization of $22.30 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 2.58 and a beta of 0.35. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. CMS Energy Corporation has a 12-month low of $68.64 and a 12-month high of $80.36. The business’s fifty day simple moving average is $73.89 and its 200-day simple moving average is $74.82.

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

CMS Energy Dividend Announcement

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

About CMS Energy

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.