15,600 Shares in CMS Energy Corporation $CMS Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in CMS Energy Corporation (NYSE:CMS) during the first quarter, Holdings Channel.com reports. The institutional investor bought 15,600 shares of the utilities provider’s stock, valued at approximately $1,210,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First American Bank grew its holdings in shares of CMS Energy by 1.7% during the first quarter. First American Bank now owns 86,023 shares of the utilities provider’s stock worth $6,674,000 after purchasing an additional 1,409 shares in the last quarter. Kestra Private Wealth Services LLC raised its stake in CMS Energy by 3.9% in the first quarter. Kestra Private Wealth Services LLC now owns 4,596 shares of the utilities provider’s stock valued at $357,000 after purchasing an additional 174 shares in the last quarter. OP Asset Management Ltd purchased a new stake in CMS Energy in the first quarter valued at approximately $2,754,000. Centennial Wealth Advisory LLC lifted its position in CMS Energy by 6.8% during the first quarter. Centennial Wealth Advisory LLC now owns 10,397 shares of the utilities provider’s stock valued at $807,000 after purchasing an additional 661 shares during the last quarter. Finally, Cidel Asset Management Inc. lifted its position in CMS Energy by 16.5% during the first quarter. Cidel Asset Management Inc. now owns 398,132 shares of the utilities provider’s stock valued at $30,887,000 after purchasing an additional 56,342 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CMS shares. JPMorgan Chase & Co. cut their price target on shares of CMS Energy from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Wells Fargo & Company set a $80.00 price objective on shares of CMS Energy in a report on Tuesday, April 21st. Bank of America upped their target price on shares of CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. KeyCorp reissued an “overweight” rating and issued a $83.00 target price on shares of CMS Energy in a research note on Monday, June 8th. Finally, Truist Financial lowered their price target 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. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and an average target price of $80.17.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was 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 of the company’s stock, valued at approximately $4,987,018.41. This trade represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by insiders.

CMS Energy Trading Down 0.1%

CMS stock opened at $77.62 on Friday. The company has a market capitalization of $23.98 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.81 and a beta of 0.35. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.66 and a current ratio of 0.84. CMS Energy Corporation has a one year low of $68.63 and a one year high of $80.36. The company’s 50 day moving average price is $74.11 and its two-hundred day moving average price is $74.20.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data 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. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the company earned $1.02 EPS. The firm’s revenue was up 11.6% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. As a group, analysts predict 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 was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, May 8th. CMS Energy’s dividend payout ratio is presently 62.98%.

CMS Energy Company 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.